Affected by the upsurge of digital transformation of domestic companies and the impact of the global epidemic on traditional business models, the collaborative robot market is growing at a high speed.
FAIR Robot raised USD 50 million in series B, led by Source Code Capital and participated by Alibaba and Long-Z, with Thriving capital serving as a long-term sole financial adviser. Shunwei Capital Partners, GL Ventures, Eastern Bell Capital and other existing shareholders continued investing in this company. The fund will be mainly used for FAIR capacity improvement and software team expansion.
FAIR has the capability of self-development of software and hardware in the field of collaborative robots and keeps providing cost-effective, high-performance products. Thanks to the long-term product engineering experience recognized by the industry and the support of industry core resources, the self-developed reducer, servo motor and other core components designed by the FAIR team for collaborative robot have been recognized by head customers in retail, industry, medical treatment, health care, and agriculture areas.
Unlike the current industry's common overseas Me-Too design mode, FAIR insists on developing full-stack software and hardware for collaborative robot products. Through close cooperation with end customers and partners, DST tooth harmonic reducer with high order and low resistance is developed to optimize product service life significantly. The company helps many industry head customers deploy the application of cooperative robots from publicity and display to a large-scale production environment.