Hoooon!! closes RMB30m Series A round led by Sensetime

Hoooon!! announced that it has secured a 30 million yuan Series A round of financing led by Sensetime last year. Proceeds from this round of financing is mainly used in the research and development of “hard technologies” including product design, engineering design, mold design and manufacturing, and assembly line construction.

Hoooon!! announced that it has secured a 30 million yuan Series A round of financing led by Sensetime last year. Proceeds from this round of financing is mainly used in the research and development of “hard technologies” including product design, engineering design, mold design and manufacturing, and assembly line construction.

Hoooon!! was established in 2017, and is positioned to develop AI educational robots. The company’s members were originally from Kaiyun Motors’ internal team. Because the early-developed car robots just fit the country’s support for artificial intelligence education, the company became independent and joined the army of robot education and training.

Since then, the company has released four robot products, one of which was launched in May this year. It aims to stimulate the interest of young adults in artificial intelligence through the robot cars, and cultivate their awareness of independence.

To date, Hoooon!! has covered more than 300 schools. According to the company, by the end of 2020, the number is expected to exceed 2,000 and total sales will exceed 65 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/15/hoooon-closes-rmb30m-series-a-round-led-by-sensetime/.

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