36Kr, a leading domestic tech media outlet, reported today that Realman (睿尔曼智能), a startup focusing on the development of robotic arms, had completed a Series A+ round of funding for an undisclosed amount.
The round was led by sweeping robot giant Ecovacs (科沃斯, 603486.SH), with participation from Yuan Angel, Yuanke Equity Investment and existing shareholder Yunqi Partner, with Winsoul Capital serving as the exclusive financial advisor.
Realman is dedicated to developing ultra-lightweight humanoid robotic arms for a variety of applications in commerce, smart inspection, healthcare, education, scientific research, industrial production, aerospace and more.
The company’s product line consists of general-purpose robotic arms featuring six and seven degrees of freedom, compound robots and accessories.
Realman faces stiff competition both at home and abroad to market its robotic arms. Although market penetration is on the rise in recent years, these devices have yet to achieve mass-market adoption to replace human labor.