Beijing-and-Shanghai-headquartered startup Mech-Mind Robotics, which aims to make industrial robots more intelligent, has closed its Series B round led by Sequoia China Capital, collecting slightly more than RMB 100 million (USD 14.2 million), 36Kr reported on Monday.
Shao Tianlan, CEO of the company which was founded in October 2016, told 36Kr that new funds will be used to increase the firm’s service capabilities, to expand overseas business, and to develop new products.
Empowered by technologies including deep learning, 3D vision, and motion planning, Mech-Mind Robotics has provided AI solutions to over 100 clients, including automobile plants, home appliance plants, steel plants, and logistics firms in seven countries, according to 36Kr. The company said that applications of these solutions include depalletizing, palletizing, bin-picking, machine tending, assembly, gluing, and locating.
Mech-Mind Robotics also counts Qiming Venture Capital, Intel Capital, Deutsche Capital, China Venture Capital, and Galileo Capital among its investors.
36Kr is KrASIA’s parent company.
This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.