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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.

Seven Dreamers Laboratories aims to commercialize the Laundroid, the world's first robot of its kind, by the end of fiscal 2017. All users need to do is throw in their clothes, and the machine automatically folds each piece.

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