SoftBank Boosts its Ambitions in the Robotics Industry, Backs Telexistence with $170M Investment
Softbank Group Corp (OTC: SFTBY) (OTC: SFTBF) joined a $170 million funding round for a robot maker after founder Masayoshi Son voiced his plans to return to the offensive. Tokyo's Telexistence Inc said it raised a Series B round backed by SoftBank, a fund set up by Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn and CTBC Financial Holding Co, Globis Capital Partners, and earlier investors. Also Read: Softbank-Backed Arm Eyes Commercial Blockbuster Products Ahead Of IPO, Shelves Flagship
Source: yahoo.com