CYBERDYNE Establishes 10 Billion Yen CVC Fund with Pegasus Tech Ventures

Pegasus Tech Ventures (Headquarters: San Jose, California, USA; Founder & CEO: Anis Uzzaman, hereinafter "Pegasus"), a global venture capital firm based in Silicon Valley, and CYBERDYNE Inc. (Headquarters: Tsukuba City, Ibaraki Prefecture, Japan; President & CEO: Yoshiyuki Yamai, hereinafter "CYBERDYNE"), a leader in the cybernetics field that integrates bio-medical systems with AI robotics and information technology, have jointly established a corporate venture capital (CVC) fund with a total capital of 10 billion yen.

Pegasus will serve as the General Partner (GP) managing the fund, while CYBERDYNE will participate as a Limited Partner (LP). The fund will focus on advanced technology areas such as robotics, physical AI, healthcare, automation, and intelligent systems, investing in promising startups worldwide to promote technological development and collaborative business creation.

In recent years, rapid advancements in generative AI have brought significant attention to "Physical AI," where AI controls real-world robots and mechanical systems, emerging as a new growth frontier. Additionally, developed nations such as Japan face pressing societal challenges including aging populations and labor shortages, increasing the demand for a new social infrastructure where humans, AI, and robots work in harmony.

CYBERDYNE is advancing innovative research and real-world implementation using "HCPS Integrated Cybernics with Physical AI" as its core technology, which integrates bio-medical systems with AI robotics and information technology centered on human needs. The company's flagship product, HAL®, functions as a wearable cyborg that enhances, assists, extends, or restores human physical capabilities and is widely utilized both domestically and internationally, primarily in medical and healthcare applications.

This fund has been established to accelerate technological development and business co-creation within the "HCPS Integrated Cybernics with Physical AI" domain championed by CYBERDYNE. By collaborating with promising startups and related industries worldwide, the fund aims to strengthen business strategies, create new business opportunities, and expand operations in global markets.

Comment from Yoshiyuki Yamai, President & CEO of CYBERDYNE Inc.:

"CYBERDYNE is advancing HCPS Integrated Cybernics with Physical AI, striving to create new value through the integration of humans, AI robotics, and information systems. Through this fund, we will strengthen collaborations with innovative technologies and startups worldwide, as well as with related industries, to contribute to solving societal challenges and advancing industrial development. By leveraging Pegasus's global network, we aim to further accelerate technological development, business co-creation, and global expansion."

Comment from Anis Uzzaman, Founder & CEO of Pegasus Tech Ventures:

"We believe robotics and Physical AI will play an extremely important role in addressing future societal challenges. Through this fund, we will connect CYBERDYNE with world-leading entrepreneurs and groundbreaking technologies to support the creation of new industries and real-world implementation."

About CYBERDYNE Inc.:

Founded in 2004 by Professor Yoshiyuki Yamai of the University of Tsukuba, CYBERDYNE Inc. is a technology company dedicated to solving complex and structural societal challenges such as super-aging populations. The company's core technology, "HCPS Integrated Cybernics with Physical AI," integrates bio-medical systems with AI robotics and information technology. CYBERDYNE drives business development through two pillars: "Cybernics Medical and Health Innovation," which connects hospitals, homes, and workplaces with AI-driven analysis, diagnosis, treatment, and data integration; and "Cybernics Life Innovation," which uses its core technology to enable AI control and AI assistance for human and object movement and tasks within living spaces, including workplaces.

For more information, please visit https://www.cyberdyne.jp/.

About Pegasus Tech Ventures:

Pegasus Tech Ventures is a global venture capital firm headquartered in Silicon Valley, USA, receiving LP investments from over 40 major corporations worldwide. As the leading operator of outsourced CVC (Corporate Venture Capital) programs, the firm primarily supports corporate innovation and drives global growth. To date, Pegasus has invested in over 290 venture companies worldwide, with total assets under management reaching approximately 300 billion yen. Its investment portfolio includes globally renowned companies such as SpaceX, OpenAI, Anthropic, xAI, Twitter (now X), Airbnb, SoFi, and Coinbase. In Japan, it has invested in publicly listed companies such as Money Forward, Metaps, AirTrip, Monster Lab, and AI CROSS, as well as high-potential startups including Mujin, SkyDrive, Terra Motors, Unifa, and FiNC Technologies.

*The companies listed above do not necessarily represent all of Pegasus's investment portfolio. https://ja.pegasustechventures.com/

Contact:

Pegasus Tech Ventures

Contact: Ayaka Unno

unno@pegasusventures.com

TEL: 03-6417-4570