Recently, Soft Robot Tech Co., Ltd. (软体机器人科技股份有限公司) has received two consecutive rounds of financing totaling CNY 150 million.
SRT is the first innovative technology group company in China to break through the key technologies of the whole chain of production, education, and research of soft robots. The flexible gripper developed by the company based on software robot technology can imitate the simple and repetitive labor of human hands. It can realize the grasping and handling of nearly 96% of special-shaped and fragile items in industrial production. It is a key component to realize intelligent upgrading.
According to SRT's official website, the company's products and solutions have been applied in many industries such as fresh food, 3C electronics, semiconductors, auto parts, new energy, modern agriculture, rehabilitation medical equipment, education and training, and vacuum containers.
Based on the data from Mordor Intelligence, the market value of soft robots in 2020 is USD 10.4905 billion, and by 2026, this figure is expected to grow to USD 63.6904 billion, with a CAGR of 35.17% during the forecast period (2021-2026). Although soft robotics technology is still in its infancy, soft robotics offers several advantages over traditional robots, and its market share is expected to rise significantly over the forecast period.
As a global technology giant, SRT serves more than 500 leading global clients and exports its products to 30 countries including the United States, Japan, Korea, Europe, and Southeast Asia. Gao Shaolong, founder and CEO of SRT, said that China's manufacturing industry is well-developed, and soft robot technology can help many industries with Chinese characteristics, such as fresh and prepared dishes, medical supplies, hardware, and semiconductors, to achieve automation and digital transformation and upgrading. Help the transformation and upgrading of China's manufacturing industry and form global competitiveness.
Soft robots have attracted a lot of companies. In addition to SRT, China’s Rochu (柔触机器人) is also very representative; internationally, Ekso Bionics, Soft Robotics and RightHand in the United States, ReWalk Robotics in Israel, and Festo in Germany are all quite powerful.
SRT’s C round of financing was led by Goldstone Investment (金石投资), and the C+ round was invested by Pegasus Capital (神骐资本) and Zhuoxing Fund (灼星基金). Xinghan Capital (星涵资本) acts as a long-term exclusive financial advisor.