XYZ Robotics, an automatic sorting robot developer, closed its Series B+ round with nearly USD 40 million, led by Capital Today, and has become a Soonicorn. Founded in June 2018, XYZ Robotics focuses on providing industrial 3D vision products with real-time motion planning, logistics picking, and depalletizing stations for logistics and manufacturing customers.
Recently, XYZ Robotics announced that it completed a Series B+ funding round worth nearly USD 40 million, led by Capital Today, with participation from Gaorong Capital, 5Y Capital, and Source Code Capital, reported by Lieyunwang.com.
Up to now, XYZ Robotics has accumulated over USD 100 million in financing. After this funding round, its valuation has immediately soared and squeezed into the Soonicorn club.
Zhou Jiaji, the founder and CEO of XYZ Robotics, said that in the past year, their teams have significantly strengthened their capability to overcome difficulties in the R&D of key products, improved market service response, and optimized operational efficiency. They will remain down-to-earth, sharpen their technologies and strive for self-improvement while empowering customers.
Founded in June 2018, XYZ Robotics focuses on providing industrial 3D vision products with real-time motion planning, logistics picking, and depalletizing stations for logistics and manufacturing customers. The company is going to safeguard its technological advantages and market reputation by expanding R&D efforts and market shares, making user-friendly products, and offering professional services.
In the past year, XYZ Robotics has landed hundreds of projects at home and abroad, including in the United States and Japan, serving various industries, such as automobile, 3C, e-commerce, cosmetics, pharmaceuticals, garments, consumer goods, electronics, and chemicals.
Its competitors include MaiRui Robotics (Chinese:迈睿机器人), SMARTSORT (Chinese:快手哥), DST-conn Tech (Chinese: 展朔物联网), Dexterity, RightHand Robotics, and Magazino.