Goldman Sachs Asset Management co-led a series C round for the Lenovo-backed RPA technology developer that will fund international growth and technology development.

Cyclone Robotics, a China-based robotics technology developer that counts consumer electronics manufacturer Lenovo as an investor, raised $150m in series C funding today.

The round was co-led by investment banking group Goldman Sachs’ Asset Management subsidiary and China Media Capital, the investment firm also known as CMC Holdings, while Lavender Hill Capital Partners, ZWC Partners, V Fund, DCM Ventures, Matrix Partners and Source Code Capital also participated.

Founded in 2015, Cyclone manufactures robotic process automation (RPA) equipment that integrates internet-of-things,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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