Udi Tech closes Series B3 financing round

Shenzhen Udi Technology (Udi Tech) recently announced the completion of the Series B3 round of financing. This round was led by Wuhan Snowglobe Asset Management, with participation from Legend Capital, China Merchants Capital, and Convivialite Ventures.
Proceeds from the fresh funding round will be used for capacity expansion, market expansion, and R&D investment.

Shenzhen Udi Technology (Udi Tech) recently announced the completion of the Series B3 round of financing. This round was led by Wuhan Snowglobe Asset Management, with participation from Legend Capital, China Merchants Capital, and Convivialite Ventures.

Proceeds from the fresh funding round will be used for capacity expansion, market expansion, and R&D investment.

Prior to this, Youdi Technology has obtained multiple rounds of financing: in April 2018, it received tens of millions of B-round financing jointly led by Junlian Capital and Yuanhe Runxin; in October 2019, Youdi Technology received thousands of ropeway investments Ten thousand B2 round of financing.

Earlier, UFIDA had also received angel rounds from UT Starcom, and A round investment from Towercrest Group and iFlytec.

Udi Tech was established in 2013, focusing on the comprehensive solution of robot indoor and outdoor autonomous positioning and cloud-to-end navigation, and has deep technical accumulation in the field of unmanned driving in low-speed scenarios.

The robots under its own brand has been distributed in more than 200 cities across the country, and has shipped more than 2,500 robots to date, which are widely used in hospitals, office buildings, parks and hotels.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/14/udi-tech-closes-series-b3-financing-round/.

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