Chinese service robotics company Keenon Robotics has secured $200 million in funding led by SoftBank Vision Fund 2.
The Series D round, which the company claims is the largest round of funding to-date in the service robot field, also included participation from CICC ALPHA and Prosperity7 Ventures.
Founded in 2010, Keenon Robotics uses artificial intelligence to power delivery solutions such as food delivery for the hospitality, real estate and healthcare industries.
According to founder Tony Li, Keenon Robotics will use the fresh capital to "drive innovation through its in-house R&D to provide new, efficient and cost-saving applications, while scaling its current robot platform through the expansion in new markets and identifying new prospects to promote growth and boost revenue.”
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Says Kentaro Matsui, managing director at SoftBank Group and former managing partner at SoftBank Investment Advisers: "We believe robotic solutions can have a profound impact across the services industry by assisting with repetitive, tedious workflows.
“Using AI and machine learning, combined with advanced manufacturing capabilities, Keenon is building innovative robotics to help increase productivity for restaurants, hotels and hospitals in China and globally. We are pleased to partner with Li Tong and the Keenon team to support their mission of driving the smart autonomous delivery revolution."
The company currently operates in America, Europe, South Korea and Singapore.