Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Smart Companion Robot Maker Xiaoyuer Raises Series C from Baidu, Foxconn

Tencent Tech, 4/03/18

Beijing-based Xiaoyuer Technology, developer of smart companion robot product AI Nemo, recently announced completion of Series C funding led by Chinese internet conglomerate Baidu (Nasdaq: BIDU) with participation by Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW). Xiaoyuer has now completed more than USD 100 mln in funding to date. The company has established a strategic partnership with Baidu and the two firms continue to deepen the extent of their cooperation.

Xiaoyuer was established in March 2014 and develops smart home hardware products, smart home operating systems, and Internet of Things smart terminals to provide applications and services for in-home use scenarios.

Xiaoyuer and Baidu have cooperated to develop several products including a video calling robot and smart video speaker product, which both use Baidu's DuerOS operating system. Xiaoyuer products are sold in more than 50 countries and are used by home users in more than 745 cities.

Editor's Note: For more information on this topic, please see Update: Baidu, Xiaoyuer Launch RMB 600 Smart Video Speaker, MD 3/27/18 issue.

Keywords: AI Nemo M&A hardware funding Baidu Foxconn 2038.HK 2354.TW Series C BIDU Xiaoyuer robot smart appliance artificial intelligence virtual assistant

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports