SoftBank Boosts its Ambitions in the Robotics Industry, Backs Telexistence with $170M Investment
Portfolio Pulse from Anusuya Lahiri
SoftBank Group Corp has joined a $170 million funding round for Tokyo-based robot maker Telexistence Inc. The funds will be used to expand to the U.S. and increase headcount. Telexistence will enter a strategic partnership with SoftBank Robotics Group Corp to commercialize its robots in North America. The company already collaborates with Microsoft Corp and Nvidia Corp. Foxconn is investing via a joint fund set up with CTBC.
July 06, 2023 | 12:55 pm
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POSITIVE IMPACT
Foxconn's investment in Telexistence via a joint fund with CTBC could potentially lead to new opportunities in the robotics industry.
Foxconn's investment in Telexistence indicates its involvement in the robotics industry. This could potentially lead to new opportunities and growth for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft's collaboration with Telexistence could potentially lead to new opportunities in the robotics industry.
Microsoft's collaboration with Telexistence indicates its involvement in the robotics industry. This could potentially lead to new opportunities and growth for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's collaboration with Telexistence could potentially lead to new opportunities in the robotics industry.
Nvidia's collaboration with Telexistence indicates its involvement in the robotics industry. This could potentially lead to new opportunities and growth for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SoftBank's investment in Telexistence could potentially boost its position in the robotics industry.
SoftBank's investment in Telexistence indicates its ambition to expand in the robotics industry. This could potentially lead to new revenue streams and growth opportunities for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100