Chinese robot maker Jaka pockets $148 million in latest fundraiser

(Yicai Global) July 20 — Jaka Robotics raised CNY 1 billion (USD 148 million) in its latest funding round, making it the company with the most funding rounds and raising the most money in the collaborative robot industry, the company announced today. .

The funding round was led by Singaporean sovereign wealth fund Temasek Holdings, Singapore’s True Light Investments, Japan’s SoftBank Vision Fund Phase II and Prosperity7 Ventures, the venture capital fund of Saudi oil giant Saudi Aramco, the company said. based in Shanghai on the Chinese Twitter Weibo. Strategic investment institutions also invested, although they were not named. China Renaissance was the exclusive financial advisor.

Jaka will use the D-series product to improve its global marketing channels and service networks, said general manager Li Mingyang. It will also provide smarter robots to customers from different industries and countries.

Collaborative robots working with humans in collaborative situations, such as along a production line, often do the heavy and dangerous work. They are easy to use and available at low cost.

Founded in 2014, Jaka raised more than CNY 300 million (USD 44.4 million) in its C round in January last year and CNY 175 million in three previous fundraisers. According to its website, it has supplied more than 10,000 robots across the world in a wide range of industries, from automotive to precision manufacturing.

Editor: Kim Taylor