Technology Mar 09, 2022 09:41 AM (GMT+8) · EqualOcean
"Fa'ao robot" recently received a round B financing of more than US $50 million led by source capital and jointly participated by Ali and meituan Longzhu. Old shareholders such as Shunwei capital, Hillhouse venture capital and Zhongding capital continued to follow up, and Yuanqi capital acted as the long-term exclusive financial adviser. "Fa'ao robot" was established in 2019 to provide the market with cost-effective high-performance cooperative robot products by virtue of the self-developed and self-produced ability of the whole stack of software and hardware of cooperative robots. Thanks to the long-term product engineering experience verified by the industry and the support of the industry's core resources, the self-developed reducer, servo motor and other core components designed by the FAO team for the cooperative robot have been recognized by the head customers in the retail, industrial, medical, health care, agriculture and other industries. Yao ting and Gong Xiangfeng, the founders of "fa'ao robot", both graduated from Harbin University of technology. At the same time, they have many years of experience in overseas robot research and commercialization institutions. They have rich successful entrepreneurial experience in the field of robots and intelligent equipment, and their enterprises are in a leading position in their respective industries. The core team has more than ten years of experience in the research and development of industrial robot body and core components. Yuanqi capital believes that thanks to the industry's only positive R & D engineering capability and the long-term accumulated vertical integration of the supply chain, FAO's extremely solid team style has long been committed to bringing truly better and more practical cost-effective intelligent flexible machine joint development platform for customers and the industry, and exploring the potential of service industrialization with end customers in various industries. We are honored to have the opportunity to witness such rare industrial cooperation.