US-based computer vision technology provider Clobotics has closed its series A round at $21m after raising $11m from investors including China-headquartered IT and content delivery services provider Wangsu.
Wangsu and Nantian Infotech VC added the new funding to $10m provided by investors including KTB Network, GGV Capital and Capital Development Investment Fund, the three participants in the company’s $5m series A+ round in January this year.
Clobotics provides software that integrates computer vision, artificial intelligence and data analytics technology with hardware such as drones or connected devices in order to help clients in the retail and wind energy sectors increase efficiency and optimise their operations.
The series A capital will be used for product development and recruitment, as the company looks to hire more computer vision, AI and machine learning experts and expand in North America.
Clobotics CEO George Yan said: “In less than two years since our founding, Clobotics has attracted top global brands as customers by pioneering new processes that combine artificial intelligence and computer vision with our own smart hardware capabilities and expertise in the wind and retail industries.
“Our investors have a reputation for spotting and investing in successful international technology companies and we are pleased they recognise this potential in Clobotics.”