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

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Pegasus partners with corporations worldwide to help them access emerging technologies, invest in innovative startups, and accelerate open innovation initiatives. | Source: Pegasus Tech Ventures

Pegasus Tech Ventures today announced the launch of a JPY 10 billion ($60 million U.S.) corporate venture capital, or CVC, fund. The San Jose, Calif.-based venture capital firm launched the fund with CYBERDYNE Inc.

The fund will invest in startups developing technologies across robotics, physical AI , healthcare , automation, and intelligent systems. It will have a particular focus on advancing CYBERDYNE’s vision for “human-cyber-physical space” (HCPS) cybernics, fusing humans, artificial intelligence, robotics, and information systems.

Pegasus will serve as the general partner of the new CVC fund, and CYBERDYNE will participate as the sole limited partner. Tsukuba, Japan-based CYBERDYNE will use Pegasus’ venture capital-as-a-service (VCaaS) network of startups, investors, and corporate partners.

“Robotics and intelligent systems are becoming increasingly important in addressing some of the world’s most pressing challenges,” stated Dr. Anis Uzzaman , founder and CEO of Pegasus Tech Ventures. “Through our venture capital-as-a-service platform, we look forward to connecting CYBERDYNE with leading entrepreneurs, breakthrough technologies, and strategic opportunities from Silicon Valley and innovation ecosystems that align with their long-term vision.”

For more than a decade, Pegasus Tech Ventures said it has served as a bridge connecting corporations across Asia with Silicon Valley and the broader global innovation ecosystem. Through its VCaaS platform, the company provides its partners with access to strategic relationships with some of the world’s most promising technology companies.

Pegasus manages more than 40 funds and over $2 billion in assets. It has invested in more than 300 startups, including SpaceX, OpenAI, Anthropic, Airbnb, Coinbase, and X (formerly Twitter).

CYBERDYNE and Pegasus said they will accelerate strategic investments, technology partnerships, and new business opportunities in emerging sectors.

Founded in 2004, CYBERDYNE said it has expertise in cybernics, the combination of human biology and technology “to enhance, expand, and regenerate physical and cognitive functions.” The company has applied its technologies across healthcare, rehabilitation , labor support, disaster response, and industrial robotics.