Chinese language robotics firm UBTECH will get $820 million in funding – TechCrunch

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Shenzhen-based house robotics firm UBTECH introduced this week that it has closed a large $820 million Sequence C. The spherical, led by Tencent and a complete slew of different traders, follows a $100 million Sequence B and $20 million Sequence C.

The bipedal robotics maker definitely isn’t a family identify right here within the States — although the corporate’s taken just a few child steps over right here, together with a strolling Stormtrooper robotic launched alongside The Final Jedi. It additionally debuted a “robotic butler” with a pill face again at CES in January that appeared extra proof of idea than transport product — although UBTECH has promised a broad 2019 launch date.

CEO James Zhou has promised the corporate will use this big backing to speed up its imaginative and prescient of bringing robots into the house.

“As expertise evolves to incorporate extra voice and contact capabilities, individuals want new units that talk and work together extra naturally and intuitively at house, at college and at work,” he stated in a launch tied to the announcement. “Whereas developments in robots and robotics are creating, no firm has but stepped ahead with the sources, imaginative and prescient and merchandise ecosystem to remodel robotic fantasy and fiction into robotic actuality. UBTECH is bringing this actuality to life by increasing the chances for innovation.”

The corporate says the funding will go into R&D, hires and increasing its world footprint. UBTECH is one in all various firms pushing house robotics past the Roomba, together with a rumored upcoming system from Amazon. The expertise has been a tricky nut to crack within the previous many years, however an $820 million funding definitely couldn’t harm. 



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