Kossi (科伺智能), a manufacturer of servo drive, motor and other industrial automation equipment, today announced a Series B financing round worth more than 100 million yuan (US$14.46 million).
The round was backed by the venture capital arm of Sany Group, Jucheng Capital, Vinno Capital, Yuze Capital, among other investors.
Media reported that the money raised will be used to expand the staff, advance R&D work and scale the productive volume.
Kossi, founded in Guangzhou in 2011, specializes in the design of development of motion control system, servo drive system, robotic integration and other solutions meant for industrial automation.
Its hardware product line consists of industrial controller, robot, servo drive, servo motor, linear motor and direct drive motor.
Since its inception, Kossi has supplied its products and services to a wide range of industries, such as printing, packaging, rubber and plastic, automobile, robotics, 3C, new energy, lithium battery, ceramic, lighting and entertainment, to name but a few.
In the previous Series A round, Kossi roped in big-name RMB venture fund operator Cowin Capital as its sole financial backer.