Hai Robotics has completed its Series D+ funding round worth hundreds of millions of dollars. Capital Today led this round of funding, which is followed by a top US dollar fund. Follow-up investments were also made by 5Y Capital, Source Code Capital, Sequoia Capital, and 01VC.
Hai Robotics was founded in 2016 with the intention of providing customers with efficient, smart, and smooth logistics and warehouse management solutions, as well as assisting businesses in increasing their warehousing efficiency through the use of cutting-edge robotic and artificial intelligence technology.
According to Yuqi Chen, CEO of Hai Robotics, the company intends to use this funding for warehouse management robot research and development, assisting in his vision of using robots to address the labor shortage and aging population challenges in the warehouse management industry.
For the time being, Hai Robotics’s products are used in a variety of industries around the world, including apparel and footwear, third-party logistics (3PL), retail, computer, communications, and consumer electronics manufacturing, pharmaceuticals, and a cross-border e-commerce platform. SF Express, DHL, Philips, Anta Sports, Li & Fung, Bosideng, and China National Pharmaceutical Group are among the well-known clients.
Hai robots now operate and serve in over 30 countries and areas around the world, have completed over 500 projects, hired over 1600 employees, and have over 1100 patents approved or pending approval.