JAKA Robotics Secures 1 Billion Yuan in Round-D Funding
Collaborative robot maker JAKA Robotics announced on July 20 that it had secured approximately 1 billion yuan ($148.2 million) in Round-D funding. Temasek, True Light, Softbank Vision Fund 2 and Prosperity 7 Ventures, a diversified venture capital fund owned by Saudi Aramco, jointly led the round, followed by various strategic investment institutions.
JAKA Robotics was established in 2014, and its products can cope with different scenarios in different industries. The product line includes JAKA Zu series cooperative robots, All-in-one series cooperative robots, C series cooperative robots, MiniCobo commercial cooperative robots, etc. JAKA Pro series was released in February this year, which can be used in harsh working conditions.
JAKA Robotics connects 5G and AI technologies to the production line in a modular way, completes the automatic distribution of raw materials, and integrates the fragmented information of the workshop and the warehouse through automatic connection to the system to realize precise digital management .
JAKA Robotics has also established technology centers in Asia-Pacific, Europe and North America. In 2021, JAKA Robotics became Toyota’s global cooperative robot supplier.
Li Mingyang, the founder of JAKA Robotics, worked in multinational companies such as TetraPak in Sweden and held important technical and management positions. CTO Xu Xiong graduated from the Robotics Research Institute of Shanghai Jiao Tong University and has been engaged in robot research for a long time. At present, JAKA Robotics has about 500 employees, and R&D personnel account for a relatively large proportion.
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With this funding, JAKA Robotics will accelerate the improvement of global marketing channels and service networks, and get closer to global customers. At the same time, it will provide more flexible and intelligent robot products to customers from different regions and industries.