China-based smart hardware producer AI Nemo, backed by contract manufacturer Foxconn, has raised a series B+ round of undisclosed size backed by Sinovation Ventures, China Money Network wrote yesterday.
Sinovation Ventures, which is itself backed by Foxconn, participated alongside Lightspeed Venture Partners and Chengwei Capital.
Founded in 2014, AI Nemo is also known as Xiaoyuer Technology. The company produces a family companion robot dubbed Xiaoyuer Zaijia (pictured) that offers features such as video calls, voice commands, cloud storage and video streaming.
AI Nemo has revealed it previously obtained a total of $30m in funding. Foxconn participated in a $10m series B round in May 2015 alongside Sinovation (then known as Innovation Works), Lightspeed and Chengwei.
In February 2015, AI Nemo obtained $225,000 on crowdfunding website JD Coufenzi to launch its robot.