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Temasek Joins New Funding Round in Robotics Firm Rokid

Yicai, 1/18/18

Hangzhou-based artificial intelligence technology developer Lingban Technology (Rokid) has completed new funding led by Singaporean sovereign wealth fund Temasek Holdings with participation from Credit Suisse Group, CDIB Capital International, and IDG Capital Partners.

The total amount raised was roughly USD 100 mln, according to an industry insider. IDG previously invested in Rokid, but the other three are new stakeholders.

Rokid previously won USD 8.30 mln in angel funding in August 2014 from IDG, Linear Venture Corporation, Mfund, and Vision Plus Capital; USD 8-digit Series A funding led by Walden International and with participation from angel round investors in October 2015; and an undisclosed amount of Series B funding on November 1, 2016 led by B&D Capital, and with participation from IDG, Mfund, Vision Plus Capital, and Walden International. At the time, Rokid claimed to have a market valuation of USD 450 mln.

Rokid announced consumer-grade augmented reality (AR) glasses Rokid Glass at the recently concluded 2018 Consumer Electronics Show in Las Vegas. The company also produces home robot "Rokid Alien" and smart speaker "Rokid Pebble." Rokid will also soon release a one-stop voice solution for smart home, in-vehicle, and set-top boxes.

Keywords: Series C head-mounted device VC hardware CDIB Credit Suisse Temasek robot Rokid augmented reality artificial intelligence Lingban IDGVC smart appliance


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