Service robot developer Xianglu Technology announced on Monday that it had received several hundred million yuan in a pre-A round of financing led by Tencent and IDG Capital, followed by existing shareholder Source Code Capital.
Mobile robot manufacturer Beijing J-Elephant Technology Co., Ltd. announced on Wednesday that it has secured nearly 100 million yuan ($15.2 million) in angel and pre-A financing rounds.
Beijing KEYi Technology Co., Ltd., an educational and entertainment robot company for consumer use, announced on Tuesday its completion of a new round of financing. The leading investor was Anker Innovations.
In last week’s VC news, Matrix Partners completed two weighty capital injections in computer chips and robots, sweeping robot company LeSheng Smart secured its Series A+ financing round, and more.
Industrial robotics and intelligent manufacturing firm Robotphoenix announced on Monday it has collected several hundred million yuan in a Series-D financing round.
Multiway Robotics (Shenzhen) Company, an intelligent intralogistics solutions provider in China, announced on Thursday that it has obtained over 100 million yuan ($15.8 million) in an A2 round of financing.
MaxRock Robot AI Technology (Beijing) Co., Ltd. announced its completion of an angel round and Pre-A round of financing, amounting to a total of nearly 100 million yuan ($15.78 million).
As part of the agreement, CIOT will purchase flexible display screens, sensors, software and hardware integration solutions from Royole Corporation in batches for the whole line of commercial robot products of the company.
Youibot Robotics, a Chinese industrial mobile robot company, announced on Tuesday that it has recently completed Series B financing, with a total amount exceeding 300 million yuan ($47 million).
China’s Ministry of Industry and Information Technology and other fourteen government departments recently issued a document to guide the development of the country's robotics industry during the "14th Five-Year Plan" period.
The project aims to introduce Ubtech's educational robot Alpha Mini into local kindergartens to help further artificial intelligence education for preschool children.
