AMR startup Syrius raises shy of US$14m in Series C round of funding

This facility will also house a robot assembly center, a precision machinery processing center, a smart robot test center, a raw material and finished goods warehouse, an administrative building, and an intelligent delivery and material handling system.

Syrius (炬星科技), a robotic startup making AMRs, has closed a new Series C round of financing valued at some 100 million yuan (US$13.79 million), Chinese media reported yesterday.

The round was backed by Anhui Industry Upgrade Fund, Tongling State-owned Capital Operation Holding Group, Tongling Dajiang Co. Ltd, marking the first time Syrius introduced state equity financiers into its shareholding structure.

Proceeds from this round will go toward building a production facility with a capacity of 50,000 autonomous robots, upgrading solutions tailored to scenarios such as smart logistics, intelligent factory, and commercial cleaning.

The company will also use the sums to facilitate its globalized operation.

Following the latest round, Syrius will start building a production facility capable of churning out 50,000 autonomous warehouse robots.

This facility will also house a robot assembly center, a precision machinery processing center, a smart robot test center, a raw material and finished goods warehouse, an administrative building, and an intelligent delivery and material handling system.

According to Syrius, one of the facility’s new highlights is that it will utilize AMR technologies to automate the whole process of warehouse management, from the warehousing of raw materials to product transferring, to delivery of cargo from storage.

The company claims that it has formulated a set of unique solutions that can empower smart manufacturers nationwide and worldwide.

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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, Trip.com 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 nitao0927@gmail.com.

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