SoftBank backs Japanese robotics startup Telexistence in $170M funding round

Tokyo-based Telexistence said Thursday that it has raised $170 million (23 billion yen) in a Series B round of funding from SoftBank, Airbus Ventures, Monoful Partners, KDDI Open Innovation Fund, a fund set up by Foxconn and CTBC Financial Holdings, and Globis Capital Partners. Founded in 2017, Telexistence develops AI-powered robotic arms for the retail and logistics industry.

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