Origi-tech completes tens of millions of yuan in Series A financing led by ByteDance

Intelligent Industrial system developer Origi-tech recently completed series A financing of tens of millions of yuan. This round of financing was led by ByteDance, with participation of Lenovo Intelligent Internet Innovation Fund and existing shareholder China Growth Capital.

Intelligent industrial system developer Origi-tech recently completed series A financing of tens of millions of yuan. This round of financing was led by ByteDance, with participation of Lenovo Intelligent Internet Innovation Fund and existing shareholder China Growth Capital.

The proceeds will be mainly used for R&D talents recruitment, product upgrades and business expansion.

Founded in 2017 and headquartered in Hangzhou, Origi-tech is a developer of intelligent manufacturing robots. Its products include embedded controllers, new models of teaching pendants, and Studio Software implementation platforms; application areas cover 3C electronics, e-commerce logistics, auto parts processing, and can be used in operations such as flexible loading and unloading and palletizing, logistics picking, high-precision coating, flexible grinding, on-site and edge data analysis.

At present, Origi-tech has introduced solutions for scenarios in the production of glass panels and semiconductors, and has several benchmark customers.

The members of the founding team of Origi-tech all have studying experiences in Germany with years of working experience in Chinese and German companies in the field of intelligent manufacturing.

In the future, the company will continue to use technology as the starting point to provide high value-added solutions for specific application scenarios and cover more sectors to form systematic solutions based on automation and digitalization.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/02/origi-tech-completes-tens-of-millions-of-yuan-in-series-a-financing-led-by-bytedance/.

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