China’s Robot Startup Gaussian Robotics Secures C Round Financing worth $188 Million
Chinese robot startup Gaussian Robotics said on Wednesday it has raised 1.2 billion yuan ($188 million) from investors including Capital Today, SoftBank Vision Fund, Jinyi Capital, Meituan, BlueRun Ventures, Grand Flight, and others. Prudent Capital acted as the sole strategic financial adviser for this round. So far, Gaussian Robotics has completed three consecutive rounds of financing within the last year.
In addition to financial investment, Softbank Vision Fund has signed thousands of robot orders with Gaussian Robotics to further help the robotics company’s overseas business development.
Founded in October 2013, Gaussian Robotics was one of the earliest robot companies engaged in the R&D and application of autonomous mobile technologies in the world. After eight years of extensive R&D, the company has formed six major product lines and has taken the lead in realizing technologies such as simultaneous localization and mapping in highly complex scenarios, automatic ground identification and dynamic planning.
At present, Gaussian Robotics’s commercial robots have been used in batches by many leading real estate properties. Its products are selling well in more than 40 countries and regions around the world, with a total clean mileage of 150 million kilometers. Gaussian Robotics also created an after-sales service system to support its customer base.
In order to further innovate traditional cleaning methods in an all-inclusive manner, Gaussian Robotics has set up four R&D centers in Beijing, Shanghai, Suzhou and Singapore, and built its own large-scale intelligent factory to promote robot manufacturing.
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Cheng Haotian, founder and CEO of Gaussian Robotics, said: “Digital management is the only way to resolve the contradiction between manpower and management costs in the traditional service industry in the future. As the most important terminal in digital management, robots are accelerating intelligent cleaning against the backdrop of an aging population, rapid urbanization and current epidemic prevention measures.”