The intelligent robot company Flexiv Fexi Technology announced the completion of a Series B financing of more than 100 million US dollars.
It is known that the main investors in this round of financing include Meituan, Zhujiang Group, New Hope Group, manufacturing-related private equity Longwood, Yunfeng Fund, China Merchants Capital, and the original investors Gaorong Capital and Jinshajiang Venture Capital.
Flexiv Fexi Technology said that this round of funds will be used for mass commercial landing, new market expansion, and cutting-edge technology research and development.
While cultivating the manufacturing industry, we will start exploring applications in all industries including life services, agriculture, and medical care.
It is reported that Flexiv has started operations in several major cities in China and California, USA, with two-thirds of its employees based in China.
In 2016, Wang Shiquan, an alumnus of Stanford University’s Bionic Dexterity Laboratory, founded Flexiv to focus on building adaptive robots for the manufacturing industry.
With the support of new funds, this start-up is expected to promote its AI-driven general-purpose robots to services, agriculture, logistics, medical and other fields.
Flexiv plans to develop related businesses by selling robots and software licenses and providing after-sales services. Mass production has started in the second half of 2020, and currently, about 100 robots have been produced.
However, the biggest challenge for the industry is to find partners in all walks of life and to make customers trust its emerging technologies.
(Via)
