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In 50 Words: SoftBank joins Japanese robotics startup’s $170m round

Japanese robotics start-up Telexistence has secured US$170m in a Series B funding round, with contributors including SoftBank, Airbus Ventures and Foxconn’s dedicated fund. Telexistence will use the funds to expand its workforce and increase commercialisation of its AI-powered robotic arms in North America through a strategic partnership with SoftBank Robotic Group, who will also assist in developing its next-generation robot, “Ghost.”

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