Japanese robotics company Telexistence (” TX “) has raised $170 million in Series B funding from new investors including SoftBank Group, HH-CTBC Partnership (Foxconn Joint GP Fund) and Globis Capital Partners. Its main investors in previous rounds – GLP’s Monoful Venture Partners (” MVP “), which focuses on investing in Japanese logistics and real estate startups, KDDI Open Innovation Investment Fund, and Airbus Venture Capital Fund continue to invest. The company will use the new funds to strengthen its workforce globally to expand its business globally.

After this round of financing, TX will establish a global strategic partnership with SoftBank’s SoftBank Robotics Group, which will support TX to accelerate the commercialization process in the North American market; It has partnered with Hon Hai, a unit of Foxconn, to produce its next-generation remotely operated robot GHOST.

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TX was founded in 2017, headquartered in Tokyo, Japan, with the vision of “advancing the robot revolution that can benefit all mankind”, mainly for the retail and warehousing logistics industry to develop artificial intelligence-driven robot arms. The company has already deployed its robot service in 300 FamilyMart convenience stores in Japan.

In addition to MVP, GLP’s Hidden Mountain Capital is also an early investor in TX when it was established, on the one hand, give full play to GLP’s global business network and resource advantages, support TX to accelerate the expansion of its robot application to logistics scenarios; On the other hand, Yinshan Capital also makes full use of the advantages of China’s supply chain and collaborates with other domestic invested enterprises to empower TX from multiple perspectives such as resource docking, joint research and development and product going to sea, comprehensively help its advanced growth, and jointly accelerate the innovative application of intelligent robot technology in the field of global logistics and real estate and reduce costs and increase efficiency.