| | | | | |

Telexistence Raises $20M to Expand Remote-Controlled Robotics


June 15, 2021

Telexistence, which is developing remote-controlled robotics with artificial intelligence, has closed a $20 million Series A-2 financing round, according to Airbus Ventures. The round was led by a group company of Monoful Inc, with additional funds from KDDI, Deepcore, UTokyo IPC, and other new investors. The company has raised about $41 million to date since its founding in 2017.

“As we rethink and transform the basic meaning of ‘existence,’ we are actively expanding our in-house engineering team, accelerating product development and upscaling deployment to the company’s growing customer base in offline retail and logistics,” said Jin Tomioka, CEO and co-founder of Telexistence. “This funding signals a new chapter, and we are excited to welcome new partners, still more grateful than ever for Airbus Ventures, our lead Series A investor in 2018, and their mentorship and dedication to our mission.”

Telexistence aims to release humans from physical constraints through robotics, telecommunication, virtual reality, haptics, and AI. In July 2020, the company unveiled its Model-T Robot. The Model-T is equipped with highly flexible hardware that enables low-cost production, control software to reduce errors in the movement between a remote operator and robot, and communication control that minimizes latency in a high-load communication environment using VR, as well as a robot hand that enables accurate and quick stocking for merchandise of various shapes.

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.

“Telexistence is accelerating its now proven capacity to bring future trends and anticipated technologies into reach, and fuse them into practical reality in the here and now,” said Lewis Pinault, a partner of Airbus Ventures. “Where AI and human intelligence each on their own could not achieve practical robot operations across time and space, Telexistence makes their combination work, with the connectivity capabilities to now make important contributions to logistics applications and a host of new possibilities ahead. Jin and this brilliantly creative, internationally diversified team now benefit from an even stronger collective through our co-investors, whose outstanding expertise across logistics, telecom, and AI are set to build key elements of a more fully connected and newly realized society to tackle the challenges of our planet.”

Related video:


Robotics World News

  • Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics, which develops robotic equipment for construction sites, has announced it raised $2.2 million in a pre-seed funding round (reported by Construction Dive). The company is currently providing fenestration and mass timber contractors with semi-autonomous equipment that completes bracket layout, installment and verification four times faster than standard methods. “Our mission at Raise is… Read More…

  • Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Colorado-based Scythe Robotics, which develops advanced commercial-grade autonomous systems for professional landscapers, has announced it raised $42 million in Series B funding. The company said it will use the funding to help meet demand for more than 7,500 reservations for its fully electric, fully autonomous M.52 mower. With the latest financing, Scythe Robotics has raised… Read More…

Products for Robots & Cobots

  • Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion, a business unit of Novanta Inc., announced the launch of two of the world’s smallest servo drives, the Denali Series. Denali is the latest addition to Celera Motion’s line of premium-performance Ingenia servo drives. Denali offers hardware architecture as well as optimized power management, with a minimum standby power consumption of down to 1.2 W. The servo drives… Read More…

  • Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heilind Electronics, a leading global distributor of electronic components and authorized distributor for TE Connectivity, offers the Mini I/O Cat6A connector as part of its full line of TE ethernet products. TE Industrial’s Mini I/O connectors eliminate the need for special tools to create a fast and secure wire-to-wire or wire-to-board connection. The mini I/O… Read More…