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Developer of SoftBank's Pepper raises up to $56m for new project

Japanese startup Groove X shoots for 2019 release of companion robot

A leading member of the team that developed Pepper has raised additional funding for his latest robot project.

TOKYO -- Groove X, a Tokyo startup launched by a key figure in the development of SoftBank Group's Pepper humanoid robot, said Monday it has signed a contract to raise up to 6.4 billion yen ($56.7 million) through a private share placement.

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