Matrixtime turns to HYC for series A

Aug 21, 2020 • Robert Lavine

Suzhou HYC Technology participated in a $15.9m round for the smart manufacturing technology provider, which counts CAS Star as an early backer.

Matrixtime Robotics, a China-based intelligent industrial technology developer backed by Chinese Academy of Sciences, has raised RMB110m ($15.9m) in series A funding from investors including equipment manufacturer Suzhou HYC Technology, China Money Network has reported.
Hunan High-tech Venture Capital, Nanjing Jiangbei New Area Industrial Investment Group and Nanjing Jiangbei Intelligent Manufacturing Industry Fund also took part in the round.
Founded in 2018, Maxtrixtime is developing complex computer vision and industrial robotics systems using deep learning to automate advanced…

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