UBtech, backed by Anhui USTC iFlytek, has added $100m to its coffers to boost R&D efforts for its family-friendly robots.
UBtech, a China-based robotics developer backed by voice recognition software producer Anhui USTC iFlytek, has raised $100m from a consortium led by CDH Investments, China Money Network reported today.
Citic Securities and a range of undisclosed investors also contributed capital. UBtech has achieved a valuation of $1bn following the transaction.
UBtech manufactures family-friendly, humanoid robots dubbed Alpha 1S and Alpha 2 (pictured). The robots are programmable, able to perform tasks in sync with each other and capable of completing complex…
