AGV startup Blue Ocean Automation snags Series C round at over US$13.7m

cnrobopedia reported in late May that the company received tens of millions of yuan in a Series B round of financing.

Blue Ocean Automation (蓝海自动化), a startup specializing in automated guided vehicle (AGV) technologies, has secured over 100 million yuan (US$13.70 million) from a Series C round of funding, the company announced yesterday.

The fundraiser was led by the corporate venture capital arm of Matrix Design, a listed industrial company, with participation from Hangzhou Yuanning Yixin Fund and Anji Ruixi Capital.

Proceeds from the latest fundraising will be sunken into new product R&D, business exploration and productivity increases.

The Guangzhou-based firm designs and develops AGVs, rail guided vehicle (RGV) and automated warehousing systems. It assists clients with material handling tasks thanks to its suite of autonomous vehicles and supporting control systems.

cnrobopedia reported in late May that the company received tens of millions of yuan in a Series B round of financing.

By the time of Series B, Blue Ocean Automation had extended its product line to comprise AMR, smart warehouse storage, and manufacturing execution system (MES), mobile shelf and cleaning robot products.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at

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