Mech-Mind Robotics, a China-based industrial robotics technology developer that counts semiconductor and data technology producer Intel as an investor, has secured almost RMB100m ($15.2m) in series B-plus funding, DealStreetAsia has reported.
Venture capital firms Source Code Capital and Sequoia Capital China supplied the funding, the latter having previously led a $14.3m series B round for the company in February this year.
Mech-Mind is developing industrial robots for use in manufacturing and logistics that utilise deep learning, 3D vision, and motion planning technology.
Intel’s corporate venturing unit, Intel Capital, invested an undisclosed amount in the company in August 2019, following two earlier rounds of undisclosed size featuring Qiming Venture Partners and Delian Capital.
