What is TELEXISTENCE?
TELEXISTENCE inc. is at the forefront of the robotics revolution, dedicated to creating a world where robotic advancements are accessible to all. The company's mission centers on developing sophisticated robotic technologies designed to improve the quality of life for individuals worldwide, emphasizing inclusivity and global reach. TELEXISTENCE inc. serves a diverse clientele, from individual consumers to large organizations seeking to integrate cutting-edge robotics into their operations, positioning itself as a key player in the burgeoning field of advanced automation.
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, Deepcore, UTokyo IPC, Monoful, and KDDI
Series B (2023): $170M led by Airbus Ventures, Monoful, and SoftBank Corp
Key Investors in TELEXISTENCE
Airbus Ventures
Airbus Ventures operates in service of deeptech entrepreneurs by investing in those enhancing the planet's best futures. The company focuses on unlocking the hypersonic economy and harnessing the power of the Solar System for the future of Earth. Their intended clients are deeptech entrepreneurs looking for growth capital and support in innovative technologies. Airbus Ventures aims to foster advancements that contribute to sustainable and transformative solutions.
SoftBank Corp
SoftBank Corp. is a major Japanese telecommunications and technology company that provides a wide range of services including mobile communications, fixed‑line telecommunications, internet service provision, sale of mobile devices, and broadband connectivity, while also expanding its role into digital and AI‑enabled infrastructure. It operates under a strategy that seeks to go beyond traditional carrier services by integrating advanced technologies such as Internet of Things (IoT), digital platforms, and AI solutions, and supports diverse digital ecosystems that connect consumers and businesses across multiple sectors. SoftBank Corp. has positioned itself as a provider of next‑generation social infrastructure and innovative services that leverage emerging technologies to meet evolving communication needs and drive digital transformation.
KDDI
Founded in 1984, KDDI provides telecommunication services to both businesses and consumers. Some of the services they provide include fixed and mobile line service, internet, and more. This company is headquartered in Tokyo, Japan.
What's next for TELEXISTENCE?
With the recent infusion of $170M in a major strategic investment, TELEXISTENCE is poised for accelerated growth and further innovation in the robotics sector. This substantial backing, part of its overall $190M in capital, suggests a scaling phase, likely focused on expanding its technological development, market penetration, and operational capabilities. The company's commitment to enhancing global quality of life through robotics indicates a strategic direction towards broader application and accessibility of its advanced solutions.
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