Pegasus Tech Ventures, CYBERDYNE launch ¥10B CVC for robotics and Physical AI

Pegasus Tech Ventures has launched a JPY 10 billion (around US$60 million) corporate venture capital fund in partnership with CYBERDYNE, Inc., with a mandate to invest in robotics, Physical AI, healthcare, automation, and intelligent systems. Pegasus will act as General Partner, while CYBERDYNE comes in as the sole Limited Partner, using Pegasus’ Venture Capital-as-a-Service platform to access Silicon Valley and other global innovation hubs.

The vehicle is designed to source startups and technologies that advance CYBERDYNE’s HCPS Cybernics with Physical AI strategy, which fuses humans, AI-robotics and information systems across the Human-Cyber-Physical Space. CYBERDYNE, founded in 2004 by University of Tsukuba professor Yoshiyuki Sankai, is known for its HAL wearable cyborg system that leverages bioelectric signals to assist and regenerate human physical functions, with existing deployments in medical and healthcare use cases in Japan and overseas.

Through the fund, CYBERDYNE aims to accelerate product development, business co-creation and global expansion by tapping Pegasus’ network of startups, investors, and corporate partners. “CYBERDYNE is committed to advancing HCPS Cybernics with Physical AI and creating new value by fusing humans, AI-robotics and information systems,” said Professor Yoshiyuki Sankai, Founder & CEO of CYBERDYNE. “By partnering with Pegasus Tech Ventures and leveraging its global innovation network, we look forward to accelerating technology development, business co-creation, and global expansion opportunities.”

Pegasus positions the fund as part of its broader role as a gateway connecting Asian corporates with Silicon Valley startups via its VCaaS model. “Robotics and intelligent systems are becoming increasingly important in addressing some of the world’s most pressing challenges,” said Dr. Anis Uzzaman, Founder & 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.”

The new single-LP CVC adds a dedicated pool of capital to an already active global robotics and AI funding landscape, and signals continued corporate demand for structured access to frontier automation and healthcare tech. Market participants will be watching where the fund’s initial checks land across Physical AI and HCPS-aligned systems, and how those portfolio bets feed back into CYBERDYNE’s product roadmap and international footprint.