Tech media outlet 36Kr broke the news today that RoboticsAlpha (稳石机器人), an AMR startup, had bagged close to 100 million yuan (US$14.55 million) from a Series A funding round, backed by Ji Fu Investments.
The Shenzhen-headquartered company is a specialist in providing robot-assisted automation solutions catering to industrial application scenarios such as production line and warehousing logistics.
It seeks to help clients in manufacturing streamline their day-to-day operations and boost efficiency with AMRs and driverless forklifts.
Its product line extends across various categories, including general-purpose mobile chassis, robotic carrier, sorting and picking robot, forklift and more.
According to its website, RoboticsAlpha expected to close deals valued at over 100 million yuan in 2022. The firm has increased its revenue by more than 100% every year for three years in a row.
Currently, it has served more than 20 Fortune 500 companies and top-tier manufacturing and warehousing businesses across the world, with clients spanning fields as diverse as lithium battery, auto parts, food, pharmaceutical, daily chemicals, photovoltaic, sanitary ware, 3PL, e-commerce, customs and apparel industries.
RoboticsAlpha, whose Chinese name literally translates as “solid as a rock,” claims to have realized truly multi-dimensional navigation for its AMRs based on an infusion of lidar and deep learning visual technologies.
This innovation has translated into greater computing power for its AMR products, relative to magnetic strips, on-the-floor signs and SLAM (simultaneous localization and mapping) technologies, said RoboticAlpha.
Nonetheless, the sector is already replete with competition. RoboticsAlpha is in the same league as rivals such as Geek+ (极智嘉), HaiRobotics (海柔创新), Hikrobot (海康机器人), Quicktron (快仓智能), Standard Robots (斯坦德机器人), Seer (仙工智能) and more.