Telexistence raises $20M (22-oku JPY) in Series A2 round of funding. Pioneering an Augmented Workforce Platform with Aims to Transform Retail and Logistics Industries; Expanding Product Development Team

Telexistence Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Jin Tomioka; hereafter “TX”), a leading innovator of remote-controlled robots with artificial intelligence, raised approximately $20M in a Series A2 funding round with multiple investors, led by a group company of Monoful Inc (hereafter “Monoful”).

In addition to existing investors – Monoful, Airbus Ventures, KDDI Open Innovation Fund, DEEPCORE and UTokyo IPC, several new investors participated in this round as underwriters (new investors are undisclosed). With the completion of the Series A funding round, TX has raised approximately $41M in total funding since its inception in 2017, and plans to use the funds to expand its product development team and accelerate product development and implementation for its expanding customer base in the retail store and logistics sectors.

Through this latest financing round, Monoful and TX have strengthened their partnership to further develop and implement the Augmented Workforce Platform (AWP) for logistics warehouse operations. AWP is a platform that enables workers in logistics warehouses to provide labor without being physically present at the warehouse. By providing AWP, TX is building a foundation that will allow workers to participate in the global labor market with greater convenience, safety, and cost-effectiveness. Through this effort, TX is preparing for the trial introduction of a remote-controlled robot to existing logistics warehouses under a partnership with one of the largest logistics providers in Japan. 

Currently, robots (especially industrial robots) are mainly used only in automaker factories and via general electric manufacturers. TX aims to expand the scope of robotics activities beyond the factory, transforming the fundamental nature of society. Ultimately, TX aims to create a society in which humans are connected, interacting, and evolving through network structures on multiple spatial and temporal scales.

To achieve this goal, TX will emphasize on: 

  • Innovation that evolves ideas into practical, credible reality rather than new inventions
  • Quick productization rather than a series of prototypes
  • Engineering concrete products for the world rather than research to find new discoveries
  • Action-oriented doers rather than deep thinkers
  • Practitioners who take on the challenge of solving real social problems rather than theorists who discover new laws in the field of research

TX will further strengthen the organization by seeking the most talented people from across the globe who share these aspirations.

Remote-Controlled Robotics Innovator Telexistence to Introduce Semi-Autonomous Robot Across FamilyMart Chain; Partnership in Collaboration with Japan’s Ministry of Economy, Trade, and Industry to Launch in October 2021

2021/6/4

In October 2021, Telexistence, Inc. (Headquarters: Chuo-ku, Tokyo; CEO: Jin Tomioka) and FamilyMart Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Kensuke Hosomi) will begin introducing Telexistence’s semi-autonomous remote-controlled robot and its Augmented Workforce Platform throughout FamilyMart retail stores, advancing FamilyMart’s operational infrastructure through groundbreaking remote-controlled robotic technology.

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CNBC Documentary “Japan: Powering Tomorrow”

2020/12/29

TX was featured in Japan: Powering Tomorrow, a two-part documentary series, explores how the country is tackling challenges head-on through innovation and technology. From its world-renowned advances in MedTech and revolutionary developments in robotics and AI, we meet Japan’s bright thinkers who are breaking new ground to overcome the immediate impact of COVID-19, whilst also working to transform and advance our lives in a post-pandemic future. Watch the streaming on CNBC online: https://www.cnbc.com/advertorial/japan-powering-tomorrow/

Wall Street Journal: Remote Work Isn’t Just for White-Collar Jobs Anymore

2020/10/22

On the ground floor of a towering office building overlooking Tokyo Bay, in a space intended to resemble the interior of a moon base, a convenience store is tended by a humanoid robot.

This robot isn’t out front, wowing customers. No, it is in the back, doing the unglamorous job of keeping shelves stocked. It has broad shoulders, wide eyes, a boomerang-shaped head and strange hands, capable of grabbing objects with both suction and a trio of opposable thumbs.

Read More on WSJ Online: https://www.wsj.com/articles/remote-work-isnt-just-for-white-collar-jobs-anymore-11603371826

BBC NEWS: The robot shop worker controlled by a faraway human

2020/10/26

In a quiet aisle of a small supermarket in Tokyo, a robot dutifully goes about its work. Reaching down, it grabs yet another bottle of a flavoured drink that humans like, lifts it and places it on the shelf of a refrigerated unit. Then the next one. People come and go.

Read More on BBC News Online: https://www.bbc.com/news/business-54232563

CNN Business: Seven-foot robots are stacking shelves in Tokyo convenience stores

2020/9/15

Japan has the oldest population in the world, and that’s causing an acute labor shortage. With almost a third of the population aged 65 and above, finding workers can be a challenge. Increasingly, companies are turning to technology as a solution — including two of the biggest convenience store franchises in Japan, FamilyMart and Lawson.

Read More on CNN Online: https://www.cnn.com/2020/09/14/business/robots-japan-supermarkets-spc-intl/index.html

Telexistence Begins the Trial Operation of its Remote Controlled Robot, Model-T, at a FamilyMart Store. Aims to Realize a New Labor-Saving Store Operation Platform

2020/08/26

FamilyMart Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Takashi Sawada; hereafter FamilyMart) and Telexistence Inc. (Headquarters: Minato-ku, Tokyo; CEO: Jin Tomioka; hereafter “TX”) started trial operations of the TX robot Model-T and Augmented Workforce Platform (hereafter “AWP”) to build a new store operation model using remote control robot technology.

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Telexistence Announces Appointment of Yutaka Matsuo, Professor at The University of Tokyo, as the AI Technology Advisor

2020/08/24

Telexistence Inc. (Headquarters: Minato-ku, Tokyo; CEO: Jin Tomioka; hereafter “TX”) today announced the appointment of Yutaka Matsuo, Professor at Graduate School of Engineering, The University of Tokyo, as the AI Technology Advisor.  

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Model-T, a Semi-Autonomous Remote-Controlled Robot, to be Introduced to Retail Stores and Aims to Realize Augmented Workforce Platform in the Retail Industry.

2020/07/21

Telexistence Inc. (Headquarters: Minato-ku, Tokyo; CEO: Jin Tomioka; hereafter “TX”) today announced the development of “Model-T”, that uses the Telexistence® technology to enable the establishment of Augmented Workforce Platform (hereafter “AWP”) in the retail industry. 

Company and Model-T Introduction Movie:https://youtu.be/ReM6RDxg7-0

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Reuters: Japanese robot to clock in at a convenience store in test of retail automation

2020/7/15

TOKYO (Reuters) – In August, a robot vaguely resembling a kangaroo will begin stacking sandwiches, drinks and ready meals on shelves at a Japanese convenience store in a test its maker, Telexistence, hopes will help trigger a wave of retail automation.

Read More on Reuters Online: https://www.reuters.com/article/us-japan-tech-robot/japanese-robot-to-clock-in-at-a-convenience-store-in-test-of-retail-automation-idUSKCN24G138