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Business

KKR founders fund Japanese developer of laundry-folding robot

Seven Dreamers Laboratories aims to automate the entire laundry process

The clothes-folding robot will be launched before the end of March 2018.

TOKYO -- A Japanese startup that has developed a laundry-folding robot has received 2.5 billion yen ($22.8 million) in funding from a number of big-name investors, including two founders of U.S. investment firm Kohlberg Kravis Roberts.

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