Meituan Dianping and New Hope Group have both thrown their backing behind a round topping $100m for production automation robot developer Flexiv.
US-based production-line robot manufacturer Flexiv secured more than $100m yesterday in a series B round featuring local services portal operator Meituan Dianping and diversified conglomerate New Hope Group.
Venture capital firms Meta Capital, Plug and Play Ventures, Gaorong Capital and GSR Ventures also took part in the round, as did private equity firms Longwood Fund and YF Capital.
Founded in 2016 as a Stanford University spinout, Flexiv has developed a manufacturing robot called Rizon that has been designed to perform…
