China-based cleaning robot manufacturer Gaussian Robotics has raised $100m in a series B-plus round led by real estate conglomerate Longfor Group, DealStreetAsia reported yesterday.
Internet group Tencent, local services portal Meituan Dianping, venture capital firm BlueRun Ventures and securities brokerage China Securities also participated in the round.
Founded in 2013, Gaussian has developed a range of automated floor cleaning robots for outdoor and indoor use, and has produced six product lines which are available in more than 30 countries.
Longfor is one of the company’s biggest customers, as are fellow property developer Sun Hung Kai Properties and Singapore Changi Airport.
Gaussian had raised $22m in a September 2020 series B-plus round co-led by China Securities subsidiary China Capital Management and China Everbright Group’s Broad Vision Funds and backed by BlueRun Ventures, Grand Flight Investment and Korea Investment Partners.
BlueRun Ventures also took part in a $15m series B round for the company in March 2019 that was led by Grand Flight Investment, having joined Seven Seas Partners to provide tens of millions of US dollars in a series A round the year before.
Gaussian’s founder Haotian Cheng is its largest shareholder, with a 22% stake, according to DealStreetAsia, followed by a vehicle called Shanghai Xianzao Computing Technology (14%), Kuxun, an air travel search engine platform owned by Meituan (9%), Tencent (7%) and Step Holdings (1%).