Chinese Educational and Entertainment Robot Firm KEYi Technology Secures New Financing
Beijing KEYi Technology Co., Ltd., an educational and entertainment robot company for consumer use, announced on Tuesday its completion of a new round of financing. The leading investor was Anker Innovations, and co-investors were existing shareholders BlueRun Ventures, Shunwei Capital and Xiaomi. Previously, KEYi obtained investment from Source Code Capital, Xiaomi, Shunwei Capital and Green Pine Capital Partners.
KEYi Technology was established in 2014. It is committed to creating robots for various applications in home scenarios. Yang Jianbo, founder and CEO of the company, said that the funds will be invested in platform construction, product R&D, iteration of a robot community, and to attract more senior engineers, designers and other talent.
KEYi Technology applies industry-use control algorithms to consumer-use robots, and its first product ClicBot (a programmable modular robot package) successfully combines control technology, perception technology and artificial intelligence with art design, and offers children a smart toy full of surprises.
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ClicBot has now entered 82 countries and regions. Relying on a modular robot system, it has successfully built a community platform for users from different regions and at different ages to create and share content.
ClicBot’s business ecology includes content consumers, content creators and developers. These three groups build up user communities, and in turn, the user communities and platforms promote the growth of each other. Children aged 5-16 can interact and get along with robots, creative adults can build high-level robots through modules, and engineers with development abilities have become enthusiasts. “After building up platform and community, we make further subdivisions and work on specific categories and robot application scenarios,” Yang Jianbo said.