Telexistence, Inc., a Tokyo, Japan-based innovator in remote-controlled robotics with artificial intelligence, closed a $20M Series A-2 financing.
The round, which brought total funding to approx. $41m to date, since inception in 2017, was led by a group company of Monoful Inc. and comprising additional funds from Airbus Ventures, KDDI, Deepcore, UTokyo IPC, and multiple new investors.
The company plans to use the funds to expand its product development team and accelerate product development and implementation for its customer base in the retail store and logistics sectors.
Led by Jin Tomioka, CEO and co-Founder, Telexistence designs, manufactures, and operates robots. In July 2020, the company launched Telexistence’s Model-T Robot. In October 2021, the company will join forces with FamilyMart Co., Ltd, in collaboration with Japan’s Ministry of Economy, Trade, and Industry, to help advance operational infrastructure through robotics.