Chinese Startup Deep Robotics receives 500 million Yuan for robot innovation

Chinese Startup Deep Robotics receives 500 million Yuan for robot innovation

Paris, Frankreich - The world of robotics has recently gone through some exciting developments that make both investors and technology enthusiasts listen to. A fresh example is the recently completed finance round of Deep Robotics, a Chinese startup that has collected CNY500 million (approximately USD70 million). The company plans to strengthen its position in the field of quadruped robotics and to accelerate research as well as the development of humanoids and advanced robots. Fortune Venture Capital and the CRHC Fund, a unit of China Reform Holdings, were responsible for this financing round, with new capital of investors such as the Beijing Robot Industry Development Investment Fund and the Qianhai Fund of Funds Yicai Global reports .

Since its foundation in 2017, Deep Robotics has made considerable progress and has developed numerous robot dogs that are used in various areas, including in the electricity inspection, fire fighting and emergency reaction. Last year, the company presented the DR01, its first android, to explore the potential embodied AI. In addition to humanoid robots, the latest litter, the LNYX M20, is the first cycling robot that is designed for complex terrain and dangerous conditions.

a booming market for robotics

This financing round reflects a larger trend: In the first five months of 2023, investments in Chinese robotics startup exceeded the total of the previous year. According to IT Juzi, the investments were a total of CNY23.2 billion (approximately USD3.2 billion) and 87% of the financing flowed into companies that specialize in embodied artificial intelligence. Another remarkable example is robota, a startup that was also able to secure CNY500 million in a financing round Nature mentioned .

While the robotics industry is developing rapidly, Genesis Robotics, another company in the area of ​​robotics, has recently received $ 85 million in financing. The company, which was founded just six months ago, is planning to use synthetic data for training AI models six months ago, led by Theophile GERVET and the freshly received-up robotic expert Zhou Xian. This data enables you to create realistic 3D simulations and to better manage the challenges of the real world it boltWise reports .

The future of robotics

The developments at Deep Robotics and Genesis Robotics are not only an exciting snapshot of the current market, but also an outlook on the future of technology, in which the interfaces between humans and machines are becoming increasingly fluent. The potential to improve our life through robotics grows and is a topic that we will observe in more detail in the coming months.