Japanese robotics firm Cyberdyne sets up $82m healthcare, AI fund

Photo from Cyberdyne's website

Japanese robotics venture firm Cyberdyne Inc has announced the establishment of an $82-million fund that will invest in companies that operate in the healthcare and cybernic technology spaces.

Cybernics is a new domain of research that integrates neuroscience, robotics, systems engineering, information technology, engineering, economics, among others.

In a statement on its website, Cyberdyne, the creator of Robot Suit HAL (Hybrid Assistive Limb), said it has set up Cybernic Excellence Japan Fund 1 Investment Limited Partnership (CEJ Fund) with five partners, namely Daiwa House Industry, Sompo Japan Nipponkoa Insurance Inc, Daido Life Insurance Co, Mizuho Bank Ltd, and Mizuho Capital Co Ltd.

“Cyberdyne and its consolidated subsidiary, CEJ Capital Inc, have determined to establish CEJ Fund in order to support and nurture venture companies aiming at solving social issues and creating a new Cybernic Industry,” the Japanese firm said.

Targeting medicine, welfare and living support fields, including labor support, as its main industries, cybernics fuses and combines the functions of humans, robots and information systems, realizing interactions between physical-information-vital systems, Cyberdyne said

The CEJ Fund has initially raised ¥9.2 billion ($81.8 million) and plans to invest in companies engaged in human assisted technology, such as healthcare, robotics, AI, Internet of Things, Big Data, among others, within a period of 10 years.

The company said Japan’s aging population and declining birth rate are progressing so rapidly that shrinking labor, increasing heavy and long-term care, and growing social welfare expenditures, such as medical expenses, are becoming more and more serious.

“CEJ Fund will act as a new industrial turntable to create new industries and facilitate positive spiral of innovation by gathering human resources and companies, which challenge the development of Cybernic Industry and business promotion in one place,” Cyberdyne added.

Established in June 2004, Cyberdyne partnered with Japan’s Tsukuba University to develop HAL, a powered exoskeleton that supports and expands the physical capabilities of its users, particularly those with physical disabilities.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.