Home Business Chinese Robotics Firm Flexiv Raises 100m Single Round Funding Led By Meituan

Chinese Robotics Firm Flexiv Raises 100m Single Round Funding Led By Meituan

Flexiv 100m series

Adaptive Robotics firm Flexiv declared that it has raised a $100m Series B round funding, led by Meituan, Meta Capital, and other investors’

Flexiv 100m series

Flexiv Chinese ai robotics is the world’s best adaptive robotics company. recently flexiv raised 100m Series B round funding with the help of the investors like Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, and GSR Ventures among other investors, with the investment of all these investors Flexiv got 100m investment. This flexible 100m funding round is the largest single-round funding to date in general-purpose robotics.

the recent investment of 100m increased Flexiv’s total capital up to $120 million, through this huge funding flexiv will execute its plans to implement artificial intelligence in agriculture, logistics, and medical care.

Flexiv Chinese ai was founded in 2016 with operations in Beijing, Shanghai, Shenzhen, and Foshan, Silicon Valley. In 2020, the Chinese ai company flexiv will have verified its primary business model, finished developing its core software and hardware products, and granted over 100 technical patents.

The business has delivered about 100 robots to its clients and intends to generate revenue by offering after-sale services, software licensing, and the sale of robots. Finding partners and clients in various industries who will trust its developing technologies becomes a difficult task.

Flexiv gained repurchase orders from notable clients in the 3C electronics, automotive, and Internet industries across South Korea, China, Europe, and North America, thanks to its cutting-edge technology and relatively affordable solutions.

Ashley Allen, the Co-Founder at PeopleFastFind, Flexiv Chinese ai has delivered about 100 robots to its clients. With its wonderful performance, Flexiv Chinese ai had achieved a $100 million B investment round to be executed in December 2020.

Flexiv Earlier Raised Funding Round

In late 2019, Flexiv Chinese ai received a $22 million Series A investment. It is the Chinese robot manufacturer, that declared that it had achieved a $100 million B investment round to be executed in December 2020.

On-demand service Gaorong Capital, Meituan, Meta Capital, Yunfeng Capital, Plug & Play Ventures, Hanhai Plug, and Play China, New Hope Group Co. Ltd., GSR Ventures Management Co. Ltd., Meituan were a group of investors that participated in the round.

Although North America is a key part of its expansion strategy, China is still Its most important market. According to Wang, “each nation has its own competitive advantage in robotics.” China gains the most from manufacturing, supply chains, and labor costs. “The gap between different nations is clearly shrinking in the realm of classical and adaptive robotics,” the developer claims.

As businesses all around the world prepare to automate their supply chains and manufacturing lines, the automation sector has been expanding and bringing in new investors on a regular basis. It is not unexpected that Flexiv has received such a substantial investment given that it is one of the well-known companies in this industry. With its most recent investment, Flexiv Chinese AI Series has now amassed a total funding sum of more than US$120 million data as per Chinese ai 100m meituanliaotechcrunch.

Flexiv’s CEO and Its Working

The Flexiv robotics company is regulated by CEO and CO-Founder Shiquan Wang, According to him, Flexiv ltd. is a multipurpose Chinese AI robotics business with an emphasis on creating AI technologies and human-inspired robots and implementing them across all industries containing services, medical care, agriculture, warehouses, logistics, and more.

This AI Company Flexiv plans to utilize the money for R&D, new market evolution, mass production, and marketing. This company focuses on making adaptive robots that attract various fields of business investors. Rizon, Flexiv’s first robot, was presented in April 2019. Unlike less “smart” industrial robots, Rizon’s robotic arm can reliably accomplish jobs on the manufacturing line even in uncertainty or positional disruptions. Wang believes traditional robotic arms can complete tasks more safely.

However, flexiv Chinese ai is limited in its capabilities while operating in complicated environments. Dishwashing, for example, requires a lot of AI-backed decision-making and recognition capabilities.

About Robotics Giant Flexiv

Since its establishment in 2016, Flexiv has concentrated on designing and producing force-controlled, artificial intelligence-enhanced, and computer vision-enhanced adaptable robots. Its technology makes the claim that it can automate complicated operations that call for human hand-eye coordination.

Its operations are headquartered in multiple important Chinese cities and California, but two-thirds of its staff are based in China. This is a common strategy employed by AI companies run by Chinese entrepreneurs with extensive US experience, either for employment or research. The most recent adaptive robot from the California-based company, the Rizon 4s, is said to have higher performance for disturbance rejection, multi-contact force management, and force control.

Flexiv Chinese ai will keep innovating and examining new product innovations to enable industrial automation for the next generation. It will allow more agile, intelligent, universal, flexible, and powerful robots.

The most recent version of Flexiv’s adaptable robots is called the Rizon-10. The intelligent arm achieved the “Best of the Best” Red Dot Award for 2022 out of over 20,000 entries for its innovation, usability, and design. “You can notice that it is stronger than Rizon 4.” This robot has a maximum output of more than 300 newtons or 30 kilos. “10 kg is the nominal payload as well.”

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