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Youibot presents a wide variety of versatile AMRs. | Supply: Youibot
Youibot, a Chinese language producer of autonomous cell robots (AMRs), closed its Collection B funding spherical with greater than $47 million raised. Youibot’s robots can be utilized in manufacturing facility automation, logistics administration, inspection and upkeep for varied industries. It mentioned its robots are being utilized in 26 provinces and cities in China and in 30-plus nations world wide.
The corporate plans to make use of the funding to maintain up with the speedy progress in demand it’s seen within the AMR market. It hopes to broaden to new markets and proceed to develop abroad. Eighty p.c of Youibot’s income comes from China, however worldwide gross sales are rising.
Youibot claims its robots have a positioning accuracy of ± 2 mm, which might make its robots among the most correct on the planet.
Youibot’s core AMR know-how and software program permits the corporate to design and construct AMRs for a selected utility. This characteristic allowed the corporate to be an early participant within the UV-C mild disinfection market in 2020, after they launched an AMR-based disinfection resolution.
Each collection in the latest funding spherical had been led by Fangguang Capital and Xicheng Jinrui. It included participation from IDG Capital, Songhe Capital, SIG Hainer Asia, Blue Run Ventures, SoftBank Ventures Asia, HAX (SOSV Fund) and different shareholders.
The corporate’s final funding spherical introduced in $15 million and was introduced in Could of 2021. The spherical was led by SoftBank Ventures Asia.
“Counting on the deep technical accumulation and inheritance of Xi’an Jiaotong College, the Youai Zhihe staff has targeted on the sphere of pan-industrial autonomous cell robots for a few years,” Fangguang Capital founder Qian Yu mentioned. “It has excellent touchdown and supply capabilities and has grown into a number one home enterprise on this subject.”
Its worldwide clients embody Michelin and Hitachi. It’s Chinese language shoppers embody CRRC Zhuzhou, a state-owned locomotive producer, and Huaneng Group, a state-owned electrical energy firm.
Youibot was based in 2016 by a bunch of PhD graduates from China’s Xi’an Jiaotong College.
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