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- Telexistence
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jul 2023 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2023 | Series B | Global Brain Corporation; CTBC Financial Holding; SoftBank Group; Airbus Ventures; KDDI; Foxconn Co-GP Fund; Globis Capital Partners; Monoful Venture Partners | $163M | $497M | Telexistence, 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 2021 | Series A | Global 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 2018 | Series A | Airbus 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Nov 2018 | ||
| 3 | Lead | Nov 2018 | ||
| 3 | Participant | Nov 2018 | ||
| 2 | Participant | Nov 2018 | ||
| 2 | Participant | Nov 2018 | ||
| 2 | Participant | Nov 2018 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Nov 2018 | ||
| -- | 1 | Participant | Jul 2023 | |
| 1 | Participant | Nov 2018 | ||
This data is available for Pro users. Sign up to see all 15 Telexistence investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTelexistence Competitors
Telexistence competitors include listed companies like Kodiak AI and Huayan Robotics, and private ones like VisionNav Robotics, Dyna Robotics, RoboForce and IPLUSMOBOT.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $31M | - | $500M | 16.1x | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $350M | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Private | - | - | $306M | - | ||
| Publicly listed | $58M | ($4M) | $762M | 9.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $144M | $25M | 2.6x | 2.4x | 14.8x | 14.2x | |||
| $30M | ($2M) | 16.3x | 17.6x | (290.8x) | - | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
| $1.2B | ($68M) | 3.0x | 2.2x | (51.8x) | 12.2x | |||
| $55M | ($3M) | 9.7x | - | (160.9x) | - | |||
| $200M | ($39M) | 1.9x | - | (9.9x) | - | |||
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $27M | ($16M) | 21.9x | - | (35.8x) | - | |||
This data is available for Pro users. Sign up to see all Telexistence competitors and their valuation data. Start Free Trial | ||||||||
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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