Pudu Technology, a China-based developer of robotic food delivery technology, has raised almost RMB100m ($14.5m) in series B-plus funding from investors including local services portal Meituan Dianping, DealStreetAsia reported yesterday.
The round was led by venture capital firm Sequoia Capital China and also featured QC Capital, Chengbohan Fund and Changyingxin Investment, according to a post on messaging platform WeChat.
PuduTech produces robots equipped for food delivery in indoor settings such as restaurants, hospitals or offices, in addition to developing low-speed autonomous driving technology. The series B-plus proceeds will support market development.
Meituan Dianping provided more than $15m in series B funding for the company only last month, an investment that followed $7.8m from unnamed investors in a mid-2018 series A round.
