JAKA Robotics Secures 1B Yuan in Round-D Financing
Collaborative robot manufacturer JAKA Robotics announced on July 20 that it has obtained about 1 billion yuan ($148.2 million) in round-D financing. Temasek, True Light, Softbank Vision Fund 2 and Prosperity 7 Ventures, a diversified venture capital fund owned by Saudi Aramco, jointly led the round, followed by various strategic investment institutions.
JAKA Robotics was established in 2014, and its products can face different scenarios across different industries. The product line includes JAKA Zu series cooperative robots, all-in-one inclusive series cooperative robots, C series cooperative robots, MiniCobo commercial cooperative robots, and more. The JAKA Pro series was released in February this year, which can be used for severe working conditions.
JAKA Robotics connects 5G and AI technologies into the production line in a modular way, completes the automatic distribution of raw materials, and integrates fragmented workshop and warehouse information through automatic system connection to realize accurate digital management.
JAKA Robotics has also established technology centers across the Asia-Pacific, Europe and North America. In 2021, JAKA Robotics became Toyota’s global cooperative robot supplier.
Li Mingyang, the founder of JAKA Robotics, once worked in multinational enterprises such as TetraPak in Sweden, and held important technical and management positions. CTO Xu Xiong graduated from the Robotics Research Institute at Shanghai Jiao Tong University and has been engaged in robot-related research for a long time. At present, there are about 500 employees in JAKA Robotics, and the R&D personnel account for a relatively large proportion.
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With this financing, JAKA Robotics will accelerate the improvement of global marketing channels and service networks, and will be closer to global customers. At the same time, it will provide more flexible and intelligent robot products for customers in different regions and industries.