Hai Robotics, a China-based warehouse robotics start-up that develops autonomous, case-handling robotic (ACR) system, has secured a funding of US $ 200 million from two separate equity rounds – Series C and Series D.
Series C funding was led by 5Y Capital, with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital, while the Series D round was led by Capital Today along with existing investors including Sequoia Capital China, 5Y Capital, Source Code Capital, Legend Star and 01VC.
It’s worth recalling here that Hai Robotics was a key technology supplier in setting up Alibaba’s Rhino Intelligent Apparel Manufacturing factory last year where it deployed ACR system for ease in warehouse management.
Hai Robotics develops an ACR system that provides warehouse automation solutions via robotics technology and AI algorithms for the logistics warehouse industry. The company said it has more than 400 global patents in areas like robot control and warehouse management, based on its statement.
The latest funding has come after its US $ 15 million Series B+ round in March this year and will be used to bolster its robotic developments with technological upgrades, penetrate further to the global market, hire talent and support its supply chain management.
Founded in 2016, Hai Robotics has five overseas subsidiaries in Hong Kong SAR, Japan, Singapore, the US and the Netherlands with international customers in more than 30 countries.