Sina Tech, 6/28/18
Shenzhen-based robotic arm solutions provider Yuejiang Technology announced today that it has secured RMB 100 mln in Series A+ funding led by Green Pine Capital Partners. The funding will primarily be used for deeper development in the education sector, expansion in the industrial sector, and further exploration in technology development.
Yuejiang is a developer of lightweight, smart robotic arms with fully self-developed technology for vision, control, drivers, and hardware. Yuejiang's light robotic arms only occupy 0.025 square meters and weigh 4 kg.
Yuejiang, founded in 2015, reached an H1 2018 sales volume of RMB 50 mln and occupies a 70% global market share of light robotic arms.
Editor's Note: For more information on this topic, please see Robotic Arm Solutions Provider Dobot Raises RMB 70 Mln Series A, MD 5/31/17 issue.