EqualOcean has learned that Tetrabot(Chinese: 天创机器人), an inspection robot company, has closed over CNY100 million in Series C financing round.
With the popularization of intelligence and digitalization, the traditional operation and maintenance of industrial and energy enterprises is gradually showing its limitations regarding efficiency, cost and troubleshooting knowledge storage.
Tetrabot is an industrial intelligent operation and maintenance robotics company, providing intelligent operation and maintenance full-stack solutions, including industrial intelligent operation and maintenance inspection robots, focusing on unmanned and intelligent solutions for industrial, energy and other safety production scenarios, such as tour, inspection, guarding, early warning, disaster prevention and control, and other operation and maintenance links. Its products have been applied to electric power new energy, oil and gas chemical industry, metallurgical mining, public utilities and other industrial sectors.
In Tetrabot Chairman Liu Shuang's view, compared with logistics robots, and collaborative robots, the inspection robot industry has higher value-added products - can solve the problem of product safety and reliability for enterprises, reduce equipment damage and improve personnel safety, is an industry of immediate need.
Tetrabot's earliest mobile intelligent special robots as the core, together with the changes in industry demand, the company began to industrial intelligent operation and maintenance of the full-stack transformation of service providers to build a product matrix, including T-BOT intelligent robots, T-RADE recognition algorithm library, T-IM intelligent hardware, T-ONE industrial Internet platform.
According to Liu Shuang, the company's current business focus is still in inspection robot products, but the customer's interest in the industrial intelligent operation and maintenance overall solution is increasing. Starting from the second half of 2020, outside the electric power industry, intelligent operation and maintenance will be popularized by a number of industries and will develop in the direction of unmanned in the future. In terms of industry selection, inspection robots need to choose industries with strong user value-added and user purchasing power, and the cost of robots can offset the cost of labor.
Today, Tetrabot's business has also expanded to oil and gas, coal mining, chemical, metallurgy and other flammable, explosive, high-temperature industry scenarios, serving more than 600 customers, a product mileage of more than 100 million. By 2023, Tetrabot's revenue is expected to grow by more than 50% and the customer repurchase rate is expected to be more than 30%.
This round of financing was led by GIIHG (Chinese: 广州工控资本) and Hai Chuanghui (Chinese: 海創汇基金) under Haier Group (Chinese: 海尔集团), followed by Zhi Bo Investment (Chinese: 置柏投资). The funds will be used for the R&D and innovation of the core technology of the product matrix, accelerating the layout of the product system, expanding the scale of the business market, expanding the pilot of the international business, as well as the ecological construction of the industrial intelligent operation and maintenance solutions and channel partners.