RoboticPlus.AI Raises over CNY 100 Mn in Series B

Technology, Industrials Author: Fuller Wang Apr 08, 2021 04:26 PM (GMT+8)

The construction robot start-up is building a forming matrix cloud multi-process collaborative digital manufacturing system in China.

Building

Recently, RoboticPlus.AI announced it has raised over CNY 100 million in Series B, jointly led by BAI Capital and C Ventures and followed by existing shareholders Poly Capital and Linear Capital. The funding will be used to further promote the research of construction robot core technologies and for the improvement of its cloud factory supply chain system. 

Analyzing its financing history, in 2018, RoboticPlus.AI obtains nearly CNY 10 million angel round investment from Plug and Play. One year later, it attracts Dragonrise Capital and raised CNY 10 million (Pre-A Series). in 2020, it completed CNY 50 million Series A, jointly invested by Shenzhen high tech investment group, linear capital, and Zhengxuan investment.

Founded in 2016, RoboticPlus.AI has been focusing on the research of construction robot systems and ROBIM and human-computer interaction technology. The company assisted traditional factories such as wood, steel and aluminum, metal sheet, and composite materials to complete digital upgrading and improve production efficiency. At present, RoboticPlus.AI has continuously served more than 100 construction factories, forming a matrix cloud factory production system. In the future, the company plans to build and improve the digital matrix production network, through the simulation of massive building data. Its terminal goal is realizing a rapid disassembly, multi factory and multi-process collaborative digital manufacturing system, which makes it a company to watch in the construction robot sector.