SoftBank backs Japanese robotics startup Telexistence in $170M funding round

TL;DR

Founded in 2017, Telexistence develops AI-powered robotic arms for the retail and logistics industry. But aside from the funding, Telexistence is also announcing a strategic partnership with SoftBank Robotics Group, a unit of SoftBank Group, to ramp up its commercialization in North America. "SoftBank Robotics Group's Kenichi Kent Yoshida, and Globis Capital Partners' Ryohei Nomoto will join Telexistence's board of directors as a result of their investment

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