Telexistence Valuation, Funding & Investors

Telexistence is valued at $497M as of July 2023.

Last Telexistence valuation

$497M

Series B · Jul 2023

Last Telexistence funding round

$163M

Series B · Jul 2023

Cumulative funding Telexistence raised

$201M

across 3 funding rounds

Key investors in Telexistence

  • Global Brain Corporation
  • KDDI
  • Airbus Ventures
  • Deepcore
  • UTokyo Innovation Platform
  • Monoful

Telexistence Overview

About Telexistence

Telexistence is a Tokyo-based robotics firm developing avatar robots like the Model T for remote operation in warehouses and stores. Its Inverse Kinematics Display technology enables human-scale teleoperation with 4K cameras and haptic feedback for tasks in Japan and Southeast Asia.


Founded

2017

HQ

JapanTokyo

Website

tx-inc.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$497M (Jul 2023)

Telexistence Valuation

Telexistence is currently valued at $497M, based on its Series B in July 2023.

The $163M round included Global Brain Corporation, CTBC Financial Holding, SoftBank Group, Airbus Ventures, KDDI and 3 other investors.

Telexistence valuation by funding round

Telexistence valuation by funding round
DateStageValuation
Jul 2023Series B$497M

Telexistence Funding History

Telexistence has raised a total of $201M across 3 funding rounds.

Telexistence's first fundraising round was a $18M Series A in November 2018. The most recent completed round was a $163M Series B in July 2023.

Telexistence funding rounds

Telexistence funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2023Series BGlobal Brain Corporation; CTBC Financial Holding; SoftBank Group; Airbus Ventures; KDDI; Foxconn Co-GP Fund; Globis Capital Partners; Monoful Venture Partners$163M$497MTelexistence, a Tokyo-based robotics startup, develops remote-controlled humanoid robots using Telexistence technology, which combines robotics, telecommunication, VR, haptics, and AI to create avatars that release humans from physical constraints. The company announced a Series B funding round on July 6, 2023, raising approximately $170 million (23 billion yen), with investors including Airbus Ventures, CTBC Holding (via HH-CTBC Partnership or Foxconn Co-GP Fund), Foxconn, Globis Capital Partners, KDDI Open Innovation Fund, Monoful Venture Partners, and SoftBank Group. This round brought the company's total funding to about $193.5 million (27.5 billion yen). The funding supports expansion of robot operations, development of next-generation models like GHOST in collaboration with Foxconn for mass production, and global workforce growth to enhance capabilities. Telexistence also formed a strategic partnership with SoftBank Robotics Group to accelerate commercialization in North America and other regions, with Kenichi Yoshida from SBRG and Ryohei Nomoto from Globis Capital Partners joining the board. Prior rounds included Series A in 2018 and Series A-II in 2021, with follow-on investments from Airbus Ventures, KDDI Open Innovation Fund, and Monoful Venture Partners. The focus remains on advancing human-level versatile robots and commercial deployment.
Jun 2021Series AGlobal Brain Corporation; Airbus Ventures; KDDI; Monoful; UTokyo Innovation Platform; Deepcore$20M-Telexistence is a Japanese robotics and remote presence company based in Tokyo. The company raised $20M in a Series A-II funding round on June 15, 2021, from investors including Airbus Ventures, KDDI Open Innovation Fund, Monoful Venture Partners, and other undisclosed investors. Telexistence subsequently raised $170M in a Series B round on July 6, 2023, bringing its total funding to $190M across five rounds.
Nov 2018Series AAirbus Ventures (lead); Global Brain Corporation; JTB Corp.; Mizuho Capital; KDDI; Maeda; Monoful; UTokyo Innovation Platform; Deepcore; Japan Science and Technology Agency$18M-Telexistence is a Tokyo-based robotics company developing remote-controlled robots using telepresence, VR, haptics, and artificial intelligence to automate tasks in retail and logistics. The company closed a Series A funding round in late November 2018 led by Airbus Ventures, with participation from KDDI Open Innovation Fund, UTokyo Innovation Platform, Deepcore, Monoful, and additional investors. The funding amount was not publicly disclosed. Telexistence planned to use the proceeds to accelerate product development and recruit engineering talent. The company has since grown substantially, raising $20 million in a Series A-2 round in June 2021 and $170 million in Series B funding in July 2023 led by SoftBank, bringing cumulative funding to $190 million across six rounds by March 2026.

Who has invested in Telexistence?

15 investors have backed Telexistence across its funding rounds, including Global Brain Corporation, KDDI, Airbus Ventures, Deepcore, UTokyo Innovation Platform and Monoful.

Lead investors include Airbus Ventures.


Telexistence Investors

Investors in Telexistence by funding rounds participated
InvestorHQRoundsRoleFirst check
Global Brain CorporationJapanTokyo3ParticipantNov 2018
Airbus VenturesUnited StatesSan Francisco, CA3LeadNov 2018
KDDIJapanTokyo3ParticipantNov 2018
MonofulJapanTokyo2ParticipantNov 2018
UTokyo Innovation PlatformJapanTokyo2ParticipantNov 2018
DeepcoreJapanTokyo2ParticipantNov 2018
JTB Corp.JapanTokyo1ParticipantNov 2018
CTBC Financial HoldingTaiwanTaipei1ParticipantJul 2023
SoftBank GroupJapanTokyo1ParticipantJul 2023
Mizuho CapitalJapanTokyo1ParticipantNov 2018
MaedaJapanTokyo1ParticipantNov 2018
Foxconn Co-GP Fund--1ParticipantJul 2023
Japan Science and Technology AgencyJapanKawaguchi1ParticipantNov 2018

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Telexistence Competitors

Telexistence competitors include listed companies like Kodiak AI and Huayan Robotics, and private ones like VisionNav Robotics, Dyna Robotics, RoboForce and IPLUSMOBOT.

Public and private companies comparable to Telexistence
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
VisionNav RoboticsUnited StatesAtlanta, GAPrivate$31M-$500M16.1x
Dyna RoboticsUnited StatesSan Francisco, CAPrivate--$600M-
RoboForceUnited StatesSan Jose, CAPrivate--$350M-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
IPLUSMOBOTChinaHangzhouPrivate--$306M-
Huayan RoboticsChinaChinaPublicly listed$58M($4M)$762M9.5x

Telexistence Public Comps

Telexistence is still privately-owned, but its public comps include Nanjing Bestway, Clobot, Stemmer Imaging, Columbus McKinnon, Robostar, Anhui Wantong Technology, ECARX Group, Yuil Robotics, Kenmec and ispace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nanjing Bestway$144M$25M2.6x2.4x14.8x14.2x
Clobot$30M($2M)16.3x17.6x(290.8x)-
Stemmer Imaging$118M$11M3.9x-41.7x-
Columbus McKinnon$1.2B($68M)3.0x2.2x(51.8x)12.2x
Robostar$55M($3M)9.7x-(160.9x)-
Anhui Wantong Technology$200M($39M)1.9x-(9.9x)-
ECARX Group$848M($23M)1.1x0.9x(40.7x)60.0x
Yuil Robotics$27M($16M)21.9x-(35.8x)-

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Common questions about Telexistence

When was Telexistence founded?Telexistence was founded in 2017.
Where is Telexistence headquartered?Telexistence is headquartered in Tokyo, Japan.
Is Telexistence publicly listed?No, Telexistence is a private, VC-backed company.
What is Telexistence's valuation?Telexistence was last valued at $497M in its Series B in July 2023.
How much funding has Telexistence raised?Telexistence has raised $201M across 3 funding rounds.
What was Telexistence's last funding round?Telexistence's last funding round was a $163M Series B in July 2023.
Who are Telexistence's investors?Telexistence's investors include Global Brain Corporation, Airbus Ventures, KDDI, Monoful, UTokyo Innovation Platform, Deepcore, JTB Corp., CTBC Financial Holding, SoftBank Group, Mizuho Capital and 5 others.
Which companies are comparable to Telexistence?Companies comparable to Telexistence include VisionNav Robotics, Dyna Robotics, RoboForce, Kodiak AI, IPLUSMOBOT and Huayan Robotics.

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