Japan’s Telexistence Raises $170M in Series B Funding to Accelerate Growth in the Global Telepresence Market
Telexistence, a Japanese robotics company that develops remote presence robots, announced on July 7, 2023 that it has raised $170 million in Series B funding. The round was led by SoftBank Vision Fund 2, with participation from existing investors such as HH-CTBC Partnership, Globis Capital Partners, and Monoful Partners.
The new funding will be used to accelerate Telexistence’s growth in the global telepresence market. The company plans to use the funds to expand its product development, sales, and marketing activities. Telexistence also plans to use the funds to open new offices in key markets around the world.
Telexistence’s remote presence robots allow users to interact with the physical world from a remote location. The robots are equipped with cameras, sensors, and actuators that allow users to see, hear, and touch objects in the real world. Telexistence’s robots have been used in a variety of applications, including manufacturing, healthcare, and education.
The global telepresence market is expected to grow rapidly in the coming years. The market is expected to be driven by the increasing demand for remote collaboration and remote customer service. Telexistence is well-positioned to capitalize on this growth, as it is one of the leading companies in the global telepresence market.
The Series B funding is a major milestone for Telexistence. The funding will help the company to accelerate its growth and expand its reach into new markets. Telexistence is well-positioned to become a leading player in the global telepresence market.
Here are some additional details about the Series B funding:
- The round was led by SoftBank Vision Fund 2, with participation from existing investors such as HH-CTBC Partnership, Globis Capital Partners, and Monoful Partners.
- The new funding will be used to accelerate Telexistence’s growth in the global telepresence market.
- The company plans to use the funds to expand its product development, sales, and marketing activities.
- Telexistence also plans to use the funds to open new offices in key markets around the world.
- The global telepresence market is expected to grow rapidly in the coming years.
- Telexistence is well-positioned to capitalize on this growth, as it is one of the leading companies in the global telepresence market.
