Moying Robotics secured tens of millions of yuan in a Series A round led by SkyChee Ventures, with Great Wall Fund participating in the investment. The funds will be used for research and development, developing supply chains, and product commercialization.
Founded in April 2019 in Shenzhen, Moying develops mobile collaborative robots and application integration systems. The company equips its robots with autonomous behavior, complex environment motion planning, dual-arm coordination, and robotic arm force control.
Moying applies its solutions mainly in biotechnology, semiconductors, and 3C manufacturing—computers, communications, and consumer electronics. The company’s current annual revenue totals tens of millions of yuan. It expects a large bump in sales for 2022.
For years, robots used in warehousing and manufacturing were automated to complete simple handling tasks, but as technology advances and robots become more intelligent, they can take on increasingly complex operations. In addition to completing complicated handling tasks, Moying’s robots can also unload, assemble, and operate equipment. The robots are customizable, with a central controller that can be outfitted with specific hardware for clients in different industries. Moying counts Fortune 500 companies as clients.
Moying’s systems are highly adaptable, making them a good fit for the likes of electronics manufacturing, which has short product life cycles, diverse parts, and requires frequent iteration. The company’s solutions are shown to reduce production expenses for this sector by up to 50%.
Amid a surge in demand for semiconductors, chipmakers’ production capacity has been pushed to the limit, and Moying’s technology can alleviate pain points in the logistics department. Its robots are able to navigate the factory floor in narrow lanes that use 20% less space. In biotech application scenarios, the robots can complete high-precision handling tasks without the risk of contamination.
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KrASIA Connection features translated and adapted content published by 36Kr. This article was originally written by Ben for 36Kr.