Sobot closes RMB210m financing round led by Yonyou

On May 18, Sobot announced the completion of the Series C financing round of 210 million yuan. The round was led by Yonyou and Yunqi Partners.

On May 18, Sobot announced the completion of the Series C financing round of 210 million yuan. The round was led by Yonyou and Yunqi Partners.

Xu Yi, co-founder and CEO of Sobot, said that proceeds from this round of financing will be used to further increase R&D investment in basic technological innovation and core product capability upgrades, tap the full-scenario application of intelligent marketing and services, and deepen in-depth cooperation with ecological partners such as Yonyou in the whole business chain of product development and marketing channels.

Established in 2012, Sobot is a provider of a smart service technology platform intended to provide enterprise customer service applications. The company’s platform applies natural language processing and artificial intelligence technologies, enabling clients combine the functions of robots, artificial service, work orders and call centers easily.

In 2019, Sobot achieved an annual business growth of over 60% and became a leading enterprise in the smart customer service industry. As of April 2020, the company has more than 200,000 cooperative companies, covering diversified fields including retail, education, corporate services, daily consumption, games, operators, government and public institutions and more.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/sobot-closes-rmb210m-financing-round-led-by-yonyou/.

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