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


Pegasus Tech Ventures launches M fund for bodily AI startups

Pegasus companions with companies worldwide to assist them entry rising applied sciences, put money into progressive startups, and speed up open innovation initiatives. | Supply: Pegasus Tech Ventures

Pegasus Tech Ventures immediately 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 put money into startups creating applied sciences throughout robotics, bodily AI, healthcare, automation, and clever programs. It is going to have a selected concentrate on advancing CYBERDYNE’s imaginative and prescient for “human-cyber-physical area” (HCPS) cybernics, fusing people, synthetic intelligence, robotics, and data programs.

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

“Robotics and clever programs have gotten more and more vital in addressing among the world’s most urgent challenges,” said Dr. Anis Uzzaman, founder and CEO of Pegasus Tech Ventures. “By our enterprise capital-as-a-service platform, we stay up for 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 world innovators

For greater than a decade, Pegasus Tech Ventures mentioned it has served as a bridge connecting companies throughout Asia with Silicon Valley and the broader world innovation ecosystem. By its VCaaS platform, the firm supplies its companions with entry to strategic relationships with among the world’s most promising expertise 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 mentioned they may speed up strategic investments, expertise partnerships, and new enterprise alternatives in rising sectors.



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CYBERDYNE hopes to collaborate with startups

Based in 2004, CYBERDYNE mentioned it has experience in cybernics, the mix of human biology and expertise “to boost, broaden, and regenerate bodily and cognitive capabilities.” The corporate has utilized its applied sciences throughout healthcare, rehabilitation, labor assist, 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 broadly adopted in Japan and abroad throughout a broad vary of functions, significantly within the medical and healthcare sectors.

By the Pegasus partnership, CYBERDYNE mentioned it desires to collaborate with startups and innovation ecosystems worldwide whereas addressing societal challenges similar to getting older populations, workforce shortages, and growing healthcare calls for.

“CYBERDYNE is dedicated to advancing HCPS Cybernics with bodily AI and creating new worth by fusing people, AI-robotics, and data programs,” mentioned Yoshiyuki Sankai, the founder and CEO of CYBERDYNE. “By partnering with Pegasus Tech Ventures and leveraging its world innovation community, we stay up for accelerating expertise growth, enterprise co-creation, and world enlargement 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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