A consortium of investors led a $170m Series B funding round in Telexistence.

A consortium of investors led a $170m Series B funding round in Telexistence, a robotic technology manufacturer, with participation from Monoful Venture Partners, KDDI, Airbus Ventures, SoftBank, Foxconn Co-GP Fund and Globis Capital Partners. “With the proud backing of our new partners SBG and Foxconn, TX increases its commitment to accelerate the rapid expansion of its existing robot operations and drive the development of robots with human-level versatility, which is the goal of anyone involved in robotics. With this latest funding, we aim to amplify our search for top, diverse talent to enhance our global capabilities at scale.” Tomioka added, “Regardless of nationality, age, or length of tenure, TX believes that there are countless opportunities for individuals with demonstrated skills to thrive, and in fact, current team members hail from 25 different countries. TX adheres to the organizational principle of providing compensation, including salaries and stock options, that is commensurate with performance to the greatest extent possible,“ Jin Tomioka, Telexistence CEO.