China-based FJ Dynamics received a nine-figure amount of yuan (RMB100m = $15.3m) from internet group Tencent yesterday, according to a post on messaging platform WeChat.
FJ provides artificial intelligence-equipped robotics systems for the agriculture, forestry, fishery and construction industries that automate tasks like spraying, harvesting and transplanting crops such as rice, vegetables or tobacco.
The deal comes after Greater Bay Area Homeland Development Fund invested more than $14m in FJ in May this year. It will spend the Tencent funding on technology and product development.
The company’s shareholders also include drone manufacturer DJI and Dongfeng Asset Management, an investment vehicle for automotive manufacturer Dongfeng, according to a regulatory filing cited by TechCrunch.
