In recent years, industrial software companies are tapping into China's emerging robotic scene, eyeing the potential of closer integration between software capabilities and physical equipment.
If the acquisition is given the greenlight, the Hangzhou-based firm will possess a richer product portfolio and a wider network of industrial customers.
In cold chain storage and logistics, automation equipment like mobile robots and driverless forklifts have been central to an industry transformation.
Kusa Tech expects the product to enhance public sanitation efficiency by 50% in the long run, meaning that for the same amount of workload, only half of the original labor is required.
Despite relatively rosy prospects, market analysts have cast doubts on the firm's future, due largely to its dismal financial performance.
Valuation of the company in advance of the latest fundraising stood at 3.5 billion yuan. It is looking to close another funding round at a pre-money valuation of 7 billion yuan.
Market observers interpreted the equity sale as Joyoung's gambit to diversify into cleaning robotics, a niche product category that has grown into a multi-billion-dollar market in recent years.
RobotX is fixated on serving the corporate segment, which in recent years is struggling with issues like a shortage of experienced chefs and inconsistent tastes of dishes.
Its product line now consists of dozens of innovations and they have been installed and adopted in a myriad of top-tier hospitals across China, according to the company.
Built wholly with carbon fiber, these ships feature a light weight and a modular design, making them a cut above 90% of the similar unmanned boats in the world, according to Liang.
The market size is projected to hit US$23 billion by the end of this year, with industrial paint-spray robots taking US$16 billion and their variants in the service segment generating US$7 billion.
Unmanned choppers often are applied in highland and island logistics, forest firefighting, emergency rescue and military training, among other scenarios.