Meituan co-led the Intel Capital-backed industrial robotics technology provider’s series C round, which closed five months after a tranche of undisclosed size.

China-based industrial robot developer Mech-Mind Robotics closed an RMB1bn ($155m) series C round yesterday co-led by local services platform Meituan and venture capital group IDG Capital.

Sequoia Capital China and Source Code Capital filled out the participants in the round, the earlier tranches of which included the same investors and were reported in May and April this year. The April round was reportedly sized in the nine-figure yuan range (RMB100m = $15.3m).

Mech-Mind is working on 3D vision…

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Edison Fu

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