Syrius Robotics closes USD10m Series A+ led by Sequoia Capital China

Warehousing logistics automation solution service provider Syrius Robotics has received more than 10 million US dollars in its Series A+ round of financing in January. This round was led by Sequoia Capital China, with participation from Zhencheng Capital, Tryin Capital, Japanese investment institution PKSHA SPARX Algorithm Fund, as well as the company’s angel round investor Future Capital and Seri

Warehousing logistics automation solution service provider Syrius Robotics has received more than 10 million US dollars in its Series A+ round of financing in January.

This round was led by Sequoia Capital China, with participation from Zhencheng Capital, Tryin Capital, Japanese investment institution PKSHA SPARX Algorithm Fund, as well as the company’s angel round investor Future Capital and Series A round of investor ZhenFund.

Syrius was established in May 2018, and primarily provides AMR (Autonomous Mobile Robot) software and hardware integrated solutions for the warehousing logistics market. The company received angel round financing in July 2018, released prototype product at the end of 2018, and closed Series A round in early 2019.

Syrius Robotics’ main AMR robot product has been mass-produced in mid 2019. At present, the robot production line independently built in Shenzhen has reached a weekly production capacity of 40 units. In November 2019, Syrius received overseas sales order.

Mr. Jiang Chao, founder of Syrius Robotics, has worked in Japan and the United States. He has worked for Motorola and NVIDIA, and was the former project leader of Project Tango of Google X Lab. An expert in the fields of visual navigation, parallel computing and deep learning, Jiang has managed a team of 400 people and complex R&D systems. Currently, there are 70 people in the company’s team. The core team members come from Alibaba, Huawei, Amazon, DJI and other companies, of which 80% are technical R&D personnel.

Proceeds from the latest financing round will mainly be used to expand the R&D team, overseas market sales, and new product line research and development.

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/syrius-robotics-closes-usd10m-series-a-led-by-sequoia-capital-china/.

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