China-based robotics technology developer Emotibot Technologies has received $30m in a series B round that included home appliance robot maker Ecovacs Robotics, China Money Network reported yesterday.
The round was led by financial conglomerate China Development Financial and included financial services firm Cathay Financial, as well as private equity fund Advantech Capital.
Founded in 2015, Emotibot develops machine learning platforms that enable robotics systems to detect, understand, communicate and remember human emotions.
The company also provides customisable applications that can be used for functions such as artificial intelligence-powered shopping assistants or customer service agents in call centres.
Corporate partners that work with Emotibot include financial services firms Bank of Communications and China Merchants Bank, China Minsheng Bank, insurance firm Ping An, robot maker UBTech, internet group Tencent and e-commerce platform VIPshop.
Emotibot has not disclosed any previous funding rounds but identified Advantech and Ecovacs as existing investors.