China-headquartered robotic farming technology provider FJDynamics has raised $70m in series B funding from an undisclosed ‘major internet firm in China’, TechCrunch reported today.
Founded in 2019, FJDynamics has developed robotics technology for use in agriculture in addition to gardening, surveying, construction and facility servicing.
The startup’s product offering includes an automated animal feed distributor, a remote-controlled lawnmower, a disinfection robot and an automated steering kit for vehicles such as tractors, harvesters and crop sprayers.
The capital will go to expanding FJDynamics’ product range in addition to helping supply demand for its products, which have been deployed across some 60 countries.
Internet and gaming group Tencent had provided a nine-digit yuan amount (RMB100m = $15.3m) of funding for the company in December 2020, which came after Greater Bay Area Homeland Development Fund had put up over $14m in financing seven months earlier.
Dongfeng Asset Management, a corporate venturing subsidiary of carmaker Dongfeng Motor, was among FJDynamics’ earlier backers, as was drone producer DJI, though the latter has since divested its shares according to TechCrunch.
Photo courtesy of FJ Dynamics Technology Co., Ltd.
