Japan-based startup Telexistence has raised $170M to bring AI-powered robots to the retail industry.

 

Japan-based startup Telexistence has raised $170M to bring AI-powered robots to the retail industry.  Its robots are currently being used in 300 FamilyMart stores in Japan. Telexistence manufactures AI-powered robots that can execute human tasks in the retail sector, such as restocking products on shelves, analyzing product data, carrying packages, etc. This Series B round was led by Softbank Group, Monoful Venture Partners, KDDI Open Innovation Fund, Airbus Ventures, HH-CTBC Partnership, and Globis Capital Partners. So far, the company has raised around $200M since being founded in 2017. The company is based in Tokyo, Japan.