Pegasus Tech Ventures launches $60M fund for physical AI startups

Pegasus Tech Ventures launches M fund for physical AI startups

Pegasus companions with firms worldwide to assist them entry rising applied sciences, spend money on modern startups, and speed up open innovation initiatives. | Supply: Pegasus Tech Ventures

Pegasus Tech Ventures in the present day introduced the launch of a JPY 10 billion ($60 million U.S.) company enterprise capital, or CVC, fund. The San Jose, Calif.-based enterprise capital agency launched the fund with CYBERDYNE Inc.

The fund will spend money on startups creating applied sciences throughout robotics, bodily AI, healthcare, automation, and clever programs. It can have a selected concentrate on advancing CYBERDYNE’s imaginative and prescient for “human-cyber-physical house” (HCPS) cybernics, fusing people, synthetic intelligence, robotics, and knowledge programs.

Pegasus will function the final associate of the brand new CVC fund, and CYBERDYNE will take part as the only restricted associate. Tsukuba, Japan-based CYBERDYNE will use Pegasus’ enterprise capital-as-a-service (VCaaS) community of startups, buyers, and company companions.

“Robotics and clever programs have gotten more and more essential in addressing a few of the world’s most urgent challenges,” acknowledged Dr. Anis Uzzaman, founder and CEO of Pegasus Tech Ventures. “By our enterprise capital-as-a-service platform, we look ahead to connecting CYBERDYNE with main entrepreneurs, breakthrough applied sciences, and strategic alternatives from Silicon Valley and innovation ecosystems that align with their long-term imaginative and prescient.”

Pegasus Tech Ventures bridges international innovators

For greater than a decade, Pegasus Tech Ventures stated it has served as a bridge connecting firms throughout Asia with Silicon Valley and the broader international innovation ecosystem. By its VCaaS platform, the company offers its companions with entry to strategic relationships with a few of the world’s most promising know-how firms.

Pegasus manages greater than 40 funds and over $2 billion in property. It has invested in additional than 300 startups, together with SpaceX, OpenAI, Anthropic, Airbnb, Coinbase, and X (previously Twitter).

CYBERDYNE and Pegasus stated they’ll speed up strategic investments, know-how partnerships, and new enterprise alternatives in rising sectors.



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CYBERDYNE hopes to collaborate with startups

Based in 2004, CYBERDYNE stated it has experience in cybernics, the mix of human biology and know-how “to reinforce, develop, and regenerate bodily and cognitive capabilities.” The corporate has utilized its applied sciences throughout healthcare, rehabilitation, labor help, catastrophe response, and industrial robotics.

Its flagship product is the Hybrid Assistive Limb (HAL), an assistive gadget that detects and responds to bioelectric indicators from the wearer. HAL has been extensively adopted in Japan and abroad throughout a broad vary of functions, significantly within the medical and healthcare sectors.

By the Pegasus partnership, CYBERDYNE stated it needs to collaborate with startups and innovation ecosystems worldwide whereas addressing societal challenges akin to growing older populations, workforce shortages, and rising healthcare calls for.

“CYBERDYNE is dedicated to advancing HCPS Cybernics with bodily AI and creating new worth by fusing people, AI-robotics, and knowledge programs,” stated Yoshiyuki Sankai, the founder and CEO of CYBERDYNE. “By partnering with Pegasus Tech Ventures and leveraging its international innovation community, we look ahead to accelerating know-how improvement, enterprise co-creation, and international growth alternatives.”

Cyberdyne designed the HAL assistive device over a decade ago.

CYBERDYNE designed the HAL wearable gadget over a decade in the past. Supply: CYBERDYNE

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