Standard Robots Completes Pre-C Round of Financing Worth Several Hundred Million Yuan, Past Shareholder Source Code Capital Joins Investment
Chinese industrial flexible logistics services provider Standard Robots recently completed a Pre-C round of financing totaling several hundred million yuan, led by Broad Vision Funds and followed by NIO Capital. Its existing shareholders Source Code Capital and Miracle Plus continued to participate in the investment. It should be noted that Source Code Capital was a joint leading investor in the firm’s B-round financing.
The funds are to be used mainly for new product research and development of autonomous mobile robots (AMRs), profound industry exploration, talent introduction and global market expansion.
After six years of development, Standard Robots has launched thousands of AMRs in smart factories in China, the United States and Japan, and provided a new generation of flexible logistics solutions for “3C” applications (Computer, Communication and Consumption), semiconductors, new energy and other industries.
SEE ALSO: Consumer Robot Brand Robosen Secures Nearly $100 Million in Round B and Round B+ Financing
In the future, Standard Robots will deliver standardized industry solutions for the global market, deepening the industrial industry, relying on AMR technology platform and cooperating with industry ecology. Based on RIOT system, the firm will open up data flow, expand the integration scenario of factories and warehouses, continuously increase investment in research and development, promote the application of cutting-edge technologies such as 5G and digital twinning in the field of industrial logistics, and accelerate automation, flexibility and digital upgrading.