Mech-Mind Robotics raised Series C funding worth US$100 million from a number of investors led by Meituan.
Shenzhen, TechnoBusiness CN • Mech-Mind Robotics, a Beijing-based developer of industrial robotic systems with AI technology, recently secured over US$100 million in Series C funding.
The new funding was obtained by Mech-Mind, a company founded by Ding Youngshuang, Fu Ao and Shao Tianlan in 2016, from several investors led by online retail company Meituan.
Also involved in the funding, some of them were two old Mech-Mind investors, namely Sequoia Capital China and Source Code Capital.
Mech-Mind Robotics Founder and CEO Tianlan Shao said his products were designed to overcome various manufacturing constraints by leveraging AI technology and human-robot interaction.
“Mech-Mind has developed a complete infrastructure and product portfolio, including 3D cameras, machine vision algorithms, software and advanced robotic programming environments,” explained Shao.
With around 350 employees spread across Beijing, Shenzhen, Shanghai, Changsha, Qingdao, Munich and Tokyo, Mech-Mind is ready to help clients who want to pioneer a new era of manufacturing.
To date, Mech-Mind products have generated tangible returns for nearly 1,000 global clients. These clients include automotive factories, household appliances manufacturers, steel plants, and food factories.
Going forward, Mech-Mind, which has raised at least US$179 million in funding, will help integrators create more solutions and applications.
—Zhang Ju, TechnoBusiness CN • Photo: Mech-Mind
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