Standard Robots closes RMB100m Series B round

On July 31, Standard Robots, an industrial flexible logistics service provider, has recently closed its Series B round worth 100 million yuan. The round was co-led by Lightspeed China Partners and Source Code Capital. The proceeds will be primarily used for product line upgrades, mass production, overseas market expansion and more.

On July 31, Standard Robots, an industrial flexible logistics service provider, has recently closed its Series B round worth 100 million yuan.

The round was co-led by Lightspeed China Partners and Source Code Capital. The proceeds will be primarily used for product line upgrades, mass production, overseas market expansion and more.

Standard Robots had garnered tens of millions of yuan in its Pre-A round led by Vinno Capital. The company received tens of millions of yuan in its Series A round by Cash Capital, as well as secured a strategic financing round from Miracleplus.

Standard Robots is a developer of industrial mobile robot system and core technologies. The company focuses on providing standardized and replicable algorithm application scenarios to realize the flexibility and agility of mobile robots in manufacturing plants.

After four years of development, Standard Robots has completed full coverage of leading clients in the 3C industry, and realized the data connection between robot dispatching management system and MES, and the market value verification of industrial flexible logistics.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/06/standard-robots-closes-rmb100m-series-b-round/.

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