Gaussian Robotics announced that it has completed a series B+ round of financing worth 150 million yuan ($22 million), led by Broad Vision Funds and China Capital Management. Bluerun Ventures, Grand Flight Investment and Korea Investment Partners (KIP) also participated in this round.
The company said it will use the funds for research, development and large-scale implementation of technology.
Founded in 2013, Gaussian Robotics mainly develops intelligent cleaning robots. It is the first company in the cleaning robot industry to provide simultaneous localization and mapping (SLAM) solutions. Its robots provide multiple cleaning functions such as vacuuming, cleaning, washing, polishing, disinfecting and more.
Cheng Haotian, founder and CEO of Gaussian Robotics, graduated from the University of Cambridge with a bachelor’s and master’s degree in electronic engineering. The company’s CTO Qin Baoxing is a co-founder of nuTonomy, a Singaporean autonomous driving company.
The Shanghai-headquartered company told 36Kr that the cleaning efficiency of their products is around four times better than that of manual labor. Gaussian Robotics holds more than 90% of the domestic market share in the field of intelligent cleaning robots, the company said. It sells 40% of its products overseas and has more than 1,000 projects in over 30 countries.
Gaussian Robotics completed a 100 million yuan series B financing round in March last year led by Grand Flight Investment. In May 2018, it raised tens of millions of US dollars from a series A round of financing.