SoftBank has picked its wager in China’s flourishing industrial robotics area. Youibot, a four-year-old startup that makes autonomous cellular robots for a variety of eventualities, mentioned it has notched near 100 million yuan ($15.47 million) in its newest funding spherical led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the worldwide funding behemoth.

In December, SoftBank Ventures Asia led the financing spherical for one more Chinese robotics startup referred to as KeenOn, which focuses on supply and repair robots.

Youibot’s earlier traders BlueRun Ventures and SIG additionally participated within the spherical. The startup, based mostly in Shenzhen the place it went by SOSV’s HAX {hardware} accelerator program, secured three financing rounds throughout 2020 as companies and traders embrace industrial automation to attenuate human contact. Youibot has raised over 200 million yuan so far.

Founded by a gaggle of PhDs from China’s prestigious Xi’an Jiaotong University, Youibot develops options for manufacturing facility automation, logistics administration, in addition to inspection and upkeep for varied industries. For instance, its robots can navigate round a yard of buses, examine each tire of the autos and supply an in depth report for upkeep, a function that helped it rack up Michelin’s contract.

Youibot’s “strongest suits” are in electronics manufacturing and electrical energy patrol, the corporate’s spokesperson instructed TechCrunch.

The startup can also be seeing excessive progress in its semiconductor enterprise, with clients coming from a number of outstanding front-end wafer fabs, which use the agency’s robots for chip packaging, testing, and wafer manufacturing. Youibot declined to reveal their names attributable to confidentiality.

Chinese shoppers that it named embody CRRC Zhuzhou, a state-owned locomotive producer, Huaneng Group, a state-owned electrical energy technology big, Huawei, and extra. China presently includes 80% of Youibot’s complete revenues whereas abroad markets are quickly catching up. The agency’s revenues tripled final yr from 2020.

Youibot plans to spend the contemporary proceeds on analysis and improvement in its cellular robots and propietary software program, staff constructing and market enlargement.

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