WhalesBot completes Pre-B round of financing, amid rapid growth under epidemic

This is the fifth round of financing completed by WhalesBot Technology since its establishment in 2018.

WhalesBot Technology, a robotics and programming education service provider for teenagers, completed a 50 million yuan Pre-B round of financing led by NanHong Capital, 36Kr reports.

This is the fifth round of financing completed by WhalesBot Technology since its establishment in 2018.

The proceeds will be mainly used for the further development of artificial intelligence technology for youth education, and to help the company cope with the rapid development of the global consumer market.

NanHong Capital is a comprehensive platform for science and technology investment, asset management and industrial-enabling initiated and established by state-owned capital.

It aims to serve Chinese national strategy for the integrated development of the Yangtze River Delta and promote the construction of a global science and innovation center in Shanghai. It mainly invests in artificial intelligence, big data, and intelligent manufacturing.

The educational intelligence hardware company, WhaleBots, established in 2018, has invested heavily in research and development, promoted consumer-grade robotic teaching aids, established product standards, and tested learning results with the help of the ENJOY AI competitions.

According to the company, ENJOY AI Global Youth Artificial Intelligence Competition is regarded as the evaluation system of WhalesBot Technology. In the past two years, ENJOY AI has completed 600 artificial intelligence competitions for youth.

WhalesBot Technology currently has a total of 5 product lines, which are differentiated according to usage and age of consumers.

WhalesBot Technology has established intelligent centers for shaping, manufacturing, and assembling with an annual production capacity of 1 million sets in Shanghai and Jiangsu.

In the future, the company plans to build the world’s largest super-factory of educational robots in Minhang, Shanghai.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2021/02/28/whalesbot-completes-pre-b-round-of-financing-amid-rapid-growth-under-epidemic/.

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