Tsinghua-backed Rokae is working on lightweight robots with a wide range of applications and has now raised $43.5m altogether.
Rokae, a China-based industrial robot company backed by Tsinghua University’s investment arm THG Ventures, has closed an RMB100m ($14.5m) series C1 round from Xianghe Capital, China Money Network reported on Wednesday.
Founded in 2015, Rokae builds lightweight, collaborative and flexible robots called xMate for use in settings such as automotive parts manufacturing, electronics production, precision engineering and healthcare.
The investment will allow Rokae to accelerate technology development and strengthen xMate’s market position in a range of industries, including medical and services.
Tang Hesong, founding partner at Xianghe Capital, said: “With the advancement of manufacturing power strategy and increasing emphasis on domestic technology, Chinese robots are ushering in a huge market.
“Rokae roots in tandem robot technology and is committed to providing high-performance small-load products and solutions for customers. [Chief executive] Tuo Hua’s team has accumulated a good reputation in the domestic robot industry and is very promising.”
THG Ventures led a $6m series A round for Rokae in November 2017, before returning for a $23m series B in September 2018. Venture capital firm Shunwei Capital led the series B round, with additional contributions from GSR United Capital and Plum Ventures.
