The SoftBank-backed robotic technology developer has secured series B-plus funding two months after US regulators deemed its initial public offering abandoned.
CloudMinds, a China-based robotic technology developer backed by internet and telecommunications group SoftBank and contract electronics manufacturer Foxconn, has raised over RMB1bn ($153m) in series B-plus funding, DealStreetAsia reported today.
The round was co-led by Shanghai Chengtou Group and Guosheng Group, investment vehicles for the city of Shanghai’s municipal government.
Founded in 2015, CloudMinds is working on artificial intelligence-enabled robots connected by mobile-based cloud infrastructure. It plans to develop robots that can assist consumers in the home but is currently…
