Announcing Series A Funding, and Debt Financing from MUFG Bank

Telexistence Inc. (headquarters: Tokyo, Japan; CEO: Jin Tomioka; hereinafter “TX Inc”) announced today that it has completed its Series A round of financing.

Airbus Ventures led the investment round with participation from existing and new investors, KDDI Open Innovation Fund, Innovation Platform for the University of Tokyo (U Tokyo IPC), DEEPCORE Inc, Monoful Inc. (Group company of GLP Japan), Japan Science and Technology Agency (JST), JTB Corp, Maeda Corporation and Mizuho Capital Co., Ltd.. TX Inc. has also raised debt financing from MUFG Bank.
(Funding amount undisclosed.)

Airbus Ventures Partner, Lewis Pinault will join TX Inc.’s Board of Directors as an external board member.

TX Inc. develops remote-controlled robots, Wings of Liberty, that release humans from physical constraints and corporate activities from revenues’ regressive effects, utilizing Telexistence® technology, robotics, telecommunication, VR, haptics and AI. This round of financing will help the company accelerate its product and business development as well as recruit the best talent on the planet. TX Inc. continues to push the fundamental state of art forward.

  • Comments from investors

Dr. Lewis Pinault, Airbus Ventures Partner in Tokyo remarks, “At Airbus Ventures we’re particularly excited to see this brilliant convergence of all the strengths of the University of Tokyo’s Tachi Lab, the superbly relevant capabilities of our co-investors in telecom connectivity, AI and robotics, and above all the technical and entrepreneurial wherewithal represented by Telexistence’s founders and diverse, richly talented team.”

Airbus Ventures’ CEO Thomas d’Halluin adds, “We’re proud to lead this important round and join the board of a company pioneering the actual commercial deployment of a human/ robotic avatar capability, and we look forward to promoting the many potential Telexistence applications throughout our Airbus mothership network.”

Naohiro Mizumoto, Principal at U Tokyo IPC remarks, “Telexistence, as indicated in the company name, is a concept proposed by Dr. Susumu Tachi, Professor Emeritus of the University of Tokyo 38 years ago, and has been studied for many years. The concept and application of telexistence cover a broad spectrum, however, we believe that the automation application has the potential to transform the current concept of robots, as it has a completely different approach in bringing automation to industries. There are still obstacles to overcome, but together with CEO Jin Tomioka and the team, U Tokyo IPC aims to pursue this quest.”

Eiji Toyokawa , Group Leader at KDDI Open Innovation Fund remarks, “We are very excited to have participated in TX Inc.’s Series A round. KDDI will create new values by promoting co-creation of robotics businesses in the 5G era, together with TX Inc..”

Hiro Watanabe, Manager, Incubation & Investment at DEEPCORE Inc. remarks, “We highly value the capabilities that CEO Jin Tomioka and the TX Inc. team has in technology, product design and business development. DEEPCORE is committed to supporting the company’s mission to solve industry problems through their remote-controlled robots.”

Yosuke Fujioka, President, Monoful Inc. remarks, “We highly value TX Inc.’s remote-controlled robots and its technology, and anticipate this will become a solution for the pressing issue of lack of labor in the logistics field.”

  •  Lewis Pinault Biography

Dr. Lewis Pinault is an Airbus Ventures Partner based in Tokyo, managing the Asia Pacific region, and now joins the board of Telexistence. Previously, Lewis was a NASA researcher, and Financial Institutions Partner at Coopers & Lybrand in Singapore and Hong Kong, beginning his early consulting career at The Boston Consulting Group in Tokyo. His lifelong passions for exploring the oceans and space seeking the most advanced technologies available first brought him to Asia as an engineer and corporate planning analyst with Nihon Kokan. In Japan Dr. Pinault also serves as a director on the board of satellite ground stations innovator Infostellar.

Lewis earned his bachelor of science at MIT, completed his MSc at London School of Economics as a Fulbright Scholar, and was a NASA Space Grant Fellow at the University of Hawaii, where he completed his juris doctorate in international law and planetary geophysics.

Reference: About the Telexistence® technology
Telexistence® is a concept of using a remote robot as his or her extended being, to release humans from space-time constraints. It was first proposed by Dr. Susumu Tachi, Professor Emeritus Professor of the University of Tokyo in 1980. It is an evolutionary form of a master-slave robot system where the operator receives sensor information from the remotely located robot and controls the robot to conduct remote tasks.

It is based on the knowledge, technology and know-how of robotics, virtual reality, telecommunication, human interface, cognitive psychology such as humanoid robot mechanism, control, visual, auditory, tactile sensing, human movement measurement, visual, auditory, tactile presentation to humans and data transmission.

<About Us>
Company :Telexistence Inc.
Address :2-19-5 3F, Nishishinbashi, Minato-ku, Tokyo
Representatives :Jin Tomioka, CEO
:Charith Fernando, CTO
Established :January 23, 2017
URL :https://tx-inc.com

<Inquiries>
Email :info@tx-inc.com

Unveiling a mass production prototype for MODEL H

Telexistence Inc. (Headquarters: Tokyo, Japan; CEO Jin Tomioka, / CTO Charith Fernando; hereinafter TX Inc.) has developed a mass production prototype for MODEL H, that uses remote control technologies utilizing the Telexistence® technology, VR, telecommunication, cloud and haptics.

 

In the current robot industry, FA robots occupy a large market share. However, we have a clear vision to create new markets that utilize the Telexistence® technology, VR, telecommunication, cloud, haptics and AI and to pass down businesses and technologies that would become assets for the next generation. Augmentation of human capabilities and presentation of new connectivity are indispensable for dramatic improvement of human life and sophistication of industries.

 

Features of MODEL H

With commercialization in mind, MODEL H has improved ease of use and durability, shortened boot time and startup time, sophisticated design, proprietary cloud infrastructure and will be mobile and internet-ready.

 

The main specific features are as follows.

Cockpit side (operation side)
・Control computer, infrared 3D location measurement, VR and haptic device in portable case, made significantly compact.
・Modularization of haptic presentation device and improvement of UI / UX

 

Robot side
・Low-latency audiovisual / haptic transmission using the internet
・Mechanical design optimized for mass production
・Exterior design assuming commercialization
・Wheel-enabled mobility to experience moving around remote places
・Significant increase in portable weight
・Battery-powered

 

In addition, TX Inc. will hold events that enable customers to experience the Telexistence® technology-based robot and its remote control capabilities in summer 2018. As part of the initiatives to commemorate the 50th anniversary of the return of the Ogasawara Islands to Japan, we are considering a tour experience of TELEXISTENCE TRAVEL, tourism resources in Tokyo Ogasawara Islands, jointly with KDDI Corporation (Headquarters; Tokyo, Japan; President Makoto Takahashi), our strategic investor, Tokyu Land Corporation (Headquarters; Tokyo, Japan; President Yuji Okuma), that operates urban development with advanced technology in the Takeshiba area, the gateway to the islands, Kajima Corporation (Headquarters; Tokyo, Japan; President Yoshikazu Oshimi) and CiP, Contents innovation Program (Headquarters; Tokyo, Japan; Board Chair Ichiya Nakamura).

 

 

Reference: About the Telexistence® technology
Telexistence® is a concept of using a remote robot as his or her extended being, to release humans from space-time constraints. It was first proposed by Dr. Susumu Tachi, Professor Emeritus Professor of the University of Tokyo in 1980. It is an evolutionary form of a master-slave robot system where the operator receives sensor information from the remotely located robot and controls the robot to conduct remote tasks.

 

It is based on the knowledge, technology and know-how of robotics, virtual reality, telecommunication, human interface, cognitive psychology such as humanoid robot mechanism, control, visual, auditory, tactile sensing, human movement measurement, visual, auditory, tactile presentation to humans and data transmission.

 

【About Us】
Company :Telexistence Inc.
Address :5-4-27 Barbizon104 804, Minami Aoyama, Minato-ku, Tokyo
Representatives :Jin Tomioka, CEO, Charith Fernando, CTO
Established :January 23, 2017
URL :https://tx-inc.com

 

【Inquiries】
Email :yuichiro.hikosaka@tx-inc.com

 

【For Press】
Link : https://tx-inc.com/presskit

NVIDIA “Inception Program” partner selection

Telexistence Inc. (headquarters: Tokyo, Japan; CEO: Jin Tomioka / CTO: Charith Fernando; hereinafter “TX Inc”), providing a new cloud-based solution and service for consumers and industries to control robotics and sensing technology, announced today that it was selected as partner company of NVIDIA – the world’s largest GPU maker – in their “Inception program”. TX Inc. will put the NVIDIA Inception program to good use by accelerating research and development of efficient and low-latency image processing algorithms for cameras used in robotics, and for cloud-based machine learning applications of data accumulated from robots and their human operators.

 

【About NVIDIA Inception program】

Inception nurtures dedicated and exceptional startups who are revolutionizing industries with advances in AI and data science. This virtual accelerator program helps startups during critical stages of product development, prototyping, and deployment.

Every startup gets a custom set of ongoing benefits, from hardware grants and marketing support to training with deep learning experts.

 

【About Telexistence】

“Telexistence” is a concept that was first proposed in 1980 by Dr. Susumu Tachi, Professor Emeritus of the University of Tokyo and the chairman of TX Inc., which refers to the notion of human beings in effect being in a place other than where he or she actually exists and being able to act freely in that remote environment – essentially expanding the presence of human beings – as well as the technological systems that make this possible. In fact, operator remotely manipulates and controls a robot located in other place with visual, auditory and tactile information the robot has.

 

【About Telexistence Inc.】

Company name             : Telexistence Inc.

Headquarters                : Japan

Representatives            : CEO Jin Tomioka / CTO Charith Fernando

Founded                      : January 23, 2017

URL                            : tx-inc.com

 

Contact

mail                            : info@tx-inc.com

Funding Announcement

TELEXISTENCE inc. (headquarters: Tokyo, Japan; CEO: Jin Tomioka / Charith Fernando; hereinafter “TX inc”) announced today that it has raised funding from KDDI’s corporate venture fund KDDI Open Innovation Lab (hereinafter “KOIF”), Global Brain 6 (hereinafter “GB6”) and the Japan Science and Technology Agency (hereinafter “JST”).

“TELEXISTENCE” is a concept that was first proposed in 1980 by Dr. Susumu Tachi, Professor Emeritus of the University of Tokyo and the chairman of TX inc, which refers to the notion of human beings in effect being in a place other than where he or she actually exists and being able to act freely in that remote environment – essentially expanding the presence of human beings – as well as the technological systems that make this possible.
Our mission at TX inc is to turn this into a practical technology to dramatically change lives, organizations, and society.

Based on Dr. Tachi’s theoretical and experimental studies over the years, TX inc aims to develop telexistence robots, online remote control robotics technologies, and a communication module cloud system that transmits, accumulates and analyzes everything from visual and auditory to tactile information. To this end, the company has successfully raised funding from the above strategic investors.

【About TELEXISTENCE inc.】

Company name : TELEXISTENCE inc.
Headquarters : Japan
Representatives : CEO Jin Tomioka / CTO Charith Fernando
Founded : January 23, 2017
Description : Development and sales of robotics and cloud
  & data analytic services using telexistence technology.
URL : tx-inc.com

【Enquiries】

Email : info@tx-inc.com

【KDDI Open Innovation Fund】

Name : KDDI Open Innovation Fund II
Fund Manager : Global Brain Corporation
Total amount managed : five (5) billion JPY

【Global Brain 6】

Name : GB-Ⅵ Growth Fund Investment Limited Partnership
Fund Manager : Global Brain Corporation
Total amount managed : Approximately 20 billion JPY

【Global Brain Corporation】

Corporate Name : Global Brain Corporation
Address : 10-11 Sakuragaokacho, Shibuya-ku, Tokyo 150-0031, Japan
Representative : Yasuhiko Yurimoto (President and CEO)
Date established : January, 1998
Primary Business : Venture Capital Business
URL : http://globalbrains.com/en/

【Japan Science and Technology Agency】

Corporate Name : Japan Science and Technology Agency
Address : Kawaguchi Center Building
: 4-1-8, Honcho, Kawaguchi-shi, Saitama 332-0012, Japan
Representative : Michinari Hamaguchi (President)
Date established : 1996
Primary Business : Creation of Innovation in Science and Technology
URL : http://www.jst.go.jp/EN/index.html

Get in Touch

OFFICE

Kazama Building 3rd floor ,
2-19-5, Nishi-Shinbashi,
Minato-ku, Tokyo.
105-0003

CONTACT

mail: info@tx-inc.com

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