TusStar has participated in a series A round for smart robotics technology developer TimeRiver.
TimeRiver, a China-based smart robotics technology developer, has raised $15m in series A funding from investors TusStar, an incubator linked to Tsinghua University, DealStreetAsia reported on Friday.
The round was led by ZWC Holdings and also featured Baidu Ventures, a corporate venture capital subsidiary of internet group Baidu, and Lotus Lake Capital.
TimeRiver produces industrial robotics technology. Applications for its offering include derusting ships, detecting and repairing flaws in thermal power generators, chemical tank polishing, high-speed rail inspection…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.