The modular programmable robotics kit developer is in talks with SoftBank over a round that could double its valuation to $400m.
Makeblock, the China-based developer of a programmable robot kit, is in talks with telecommunications firm SoftBank for a round sized at “at least” $60m, Bloomberg has reported.
The prospective series C round would value Makeblock at more than $400m, according to people familiar with the matter.
Makeblock produces kits made up of mechanical and electronic parts along with a programming platform.SoftBank is already one of Makeblock’s distributors, and the companies co-launched a modular,modular programmable programmable drone kit called Airblock earlier…
