Insider Brief
- Asteria is launching a venture fund with Pegasus Tech Ventures that will invest up to $10 million in startups developing AI, physical AI and robotics technologies as part of the company’s broader AI investment strategy.
- Pegasus Tech Ventures will serve as the fund’s general partner, while Asteria AI & Robotics Inc. will participate as the limited partner in the 10-year fund, which will target strategic partnerships with startups in Japan and overseas.
- Pegasus said it brings a track record of 88 exits, including 27 initial public offerings, and has invested in more than 300 startups globally, including SpaceX, OpenAI, Anthropic, xAI and Mujin.
Asteria is launching an investment fund with Pegasus Tech Ventures to back startups working in physical AI and robotics.
The Tokyo-based software company said the fund will invest up to $10 million, or about 1.6 billion yen, in private companies developing artificial intelligence, physical AI and robotics technologies. Pegasus, a Silicon Valley venture-capital firm, will serve as the fund’s general partner.
Asteria said the fund is intended to support strategic business partnerships and create synergies with startups in Japan and overseas. The move follows the company’s establishment of its Physical AI and Robotics Cells in April 2026 and is part of its broader “Asset-Hook” strategy for research and development, acquisitions and investment in the AI era. Pegasus also cited it’s history of 88 exits, including 27 initial public offerings in announcing gthe fund..
Fund overview
- Investment areas: AI, physical AI, robotics and related fields.
- Fund size: $5 million initially, with a maximum size of $10 million.
- General partner: Pegasus Tech Ventures Management XXXI, LLC, based in California.
- Limited partner: Asteria AI & Robotics Inc., based in Texas.
- Operating period: 10 years, from June 2026 to May 2036.
- Accounting method: FVOCI, an IFRS measurement category in which equity investments are measured at fair value, with changes recorded in other comprehensive income rather than profit or loss.
Asteria develops software products that connect systems, data, people and devices. Its flagship product, ASTERIA Warp, integrates data from different systems and cloud services without coding and has been adopted by more than 10,000 companies, according to the company.
The company also offers Handbook X, a digital content-management app; Platio, a mobile app builder; and Gravio, a no-code AI and internet-of-things platform. Asteria said those products are designed to support digital transformation and improve business-process efficiency.
Pegasus Tech Ventures works with more than 40 corporate limited partners worldwide and describes its model as venture capital-as-a-service. The firm has invested in more than 300 startups globally and manages about 300 billion yen in assets, according to the announcement.
Its portfolio has included SpaceX, OpenAI, Anthropic, xAI, X, Airbnb, SoFi and Coinbase. In Japan, Pegasus has backed companies including Money Forward, Metaps, AirTrip, Monstarlab, AI Cross, Mujin, SkyDrive, Terra Motors, UniFa and FiNC Technologies.
