UTokyo IPC has contributed to a funding round for Telexistence that brought the remote-controlled robotics technology developer’s total funding to $41m.
Telexistence, a US-based remote-controlled robotics technology developer, completed a $20m series A2 round on Tuesday backed by UTokyo Innovation Platform (IPC), a venture arm of University of Tokyo.
The round was led by Monoful, a subsidiary of logistics provider Global Logistic Properties, with additional participation from Airbus Ventures, the investment arm of aerospace manufacturer Airbus, as well as telecoms firm KDDI.
Internet and telecoms group SoftBank’s Deepcore fund also contributed to the round.
Founded in 2017, Telexistence designs remote-controlled robots for industries such as logistics and retail. It will use the money to expand its engineering team, accelerate product development and scale deployment.
The company has now raised $41m overall, it said. Airbus Ventures led a series A round of undisclosed size in 2018, when UTokyo IPC, Monoful, KDDI’s Open Innovation Fund, travel agency JTB, syringe maker Maeda, Mitsubishi UFJ, Mizuho Capital and Japan Science and Technology Agency also invested.
