What is TELEXISTENCE?
TELEXISTENCE inc. is at the forefront of the robotics revolution, dedicated to developing advanced robotic technologies that enhance the quality of life worldwide. The company's mission is centered on inclusivity and accessibility, aiming to ensure that the benefits of robotics are available to everyone, regardless of location. TELEXISTENCE inc. targets a broad spectrum of clients, from individual consumers seeking to improve their daily lives with robotic assistance to organizations looking to streamline operations and boost efficiency through robotic integration. Their focus on creating a world where robotic advancements are universally beneficial positions them as a key player in the future of automation and human-robot interaction.
How much funding has TELEXISTENCE raised?
TELEXISTENCE has raised a total of $190M across 2 funding rounds:
Series A
$20M
Series B
$170M
Series A (2021): $20M with participation from Airbus Ventures, Monoful, UTokyo IPC, KDDI, and Deepcore
Series B (2023): $170M led by SoftBank, Monoful, and Airbus Ventures
Key Investors in TELEXISTENCE
SoftBank
SoftBank Corp. is a major Japanese telecommunications and technology company providing mobile communications, internet services, and digital infrastructure. They support diverse digital ecosystems and leverage emerging technologies like IoT and AI to drive digital transformation.
Airbus Ventures
Airbus Ventures invests in deeptech entrepreneurs focused on enhancing the planet's future, particularly in areas like the hypersonic economy and space utilization. They support transformative solutions for sustainable development.
KDDI
KDDI is a Tokyo-based telecommunications company offering fixed and mobile line services, internet, and device sales. They provide essential communication services to both businesses and consumers.
What's next for TELEXISTENCE?
With the recent infusion of $170M in a major strategic investment, TELEXISTENCE is poised for accelerated growth and expanded market penetration. This substantial backing, following a Series A round in 2021, signals a transition into a scaling phase, likely enabling the company to enhance its research and development capabilities, broaden its product portfolio, and strengthen its global distribution networks. The strategic nature of this investment suggests potential collaborations or synergies with existing investors, particularly those with deep expertise in telecommunications and advanced technology sectors, which could further propel TELEXISTENCE's innovation and market leadership in the competitive robotics landscape.
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