Artificial Intelligence Company WATTMAN Completes Another Funding Round

Founded in 2018 and headquartered in Beijing, WATTMAN (瓦特曼) is a provider of artificial intelligence robots and industrial intelligent manufacturing solutions. It completed another funding recently, led by V Fund, with participation by Engage Capital. 

WATTMAN has a solid technical background, and the team members include experts from Tencent, Huawei, Baidu and ABB. WATTMAN provides intelligent manufacturing solutions for customers in the steel, nonferrous metal and mine industry. Based on WATTMAN's technical expertise and business accumulation, it has successfully launched several powerful intelligent products. 

Take the 3D intelligent cleaning and grinding robot as an example. This robot has been successfully installed in more than 20 domestic electrolytic aluminum production lines, serving many leading electrolytic aluminum companies such as Xinfa Group, Aluminum Corporation of China, New Hope Group, Henan Shenhuo Coal&power Company and Sunstone Development Company.

WATTMAN has reached strategic cooperation with multiple world's top 500 companies such as Baowu Steel Group, Shougang Group, Aluminum Corporation of China Limited, State Power Investment Corporation Limited, Jinchuan Group and Hunan Valin Steel. In 2022, the total contract orders of WATTMAN were worth more than 100 million, and the business scale increased over 5 times compared to the same period last year

Yang Yin, Vice President of Engage Capital, said that digital transformation of the manufacturing industry would be a future trend, and there are a lot of industrial challenges that cannot be solved yet. It is exciting for him to witness the continuous technology breakthrough of WATTMAN and its empowerment in the heavy industry

WATTMAN's competitors include ABB, Comau, Denso Robotics, Doosan Robotics, Epson, Fanuc, Franka Emika, Kawada Robotics Groups, Kawasaki Robotics and Kinova Robotics.