Over 50 manufacturing firms in China have shown their interest in Flexiv by raising more than $100 million. The company is doing so well by handling almost half of the global robotics market. They have collaborated with over 300 factories through partnerships for quick and efficient work. Its most famous partnership is the Flexiv Chinese $100M series.
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Flexiv attracts investors.
The company has bagged an investment of $100 million from the Chinese robotics startup, Flexiv Chinese. The focus of the company is to create adaptive robots that can be of great use to different industrial sectors. The investor includes New Hope Group, a Beijing-based agribusiness that has active participation in farm automation and animal husbandry. The company is also considering a collaboration with Changjiang Electronics.
Flexiv has invested in and is partnered with more than 50 manufacturing companies in China. The Chinese market is growing at a great pace and has the potential to be the largest market for the company in the future. Their targeted market is North America, where the company will surely expand. The company has taken in its favour the unique advantages related to robotics from different nations. For example, in China, the cost of production, labor, and supply chain are less expensive than in the United States. Furthermore, Flexiv has formed alliances with some of the biggest manufacturing companies in China.
Robotic Arms of Rizon
The company has more than 50 collaborations with Chinese manufacturers. Flexiv is well-positioned to tap the potential of the country’s growing robotics market. The company has already established strategic partnerships with some of the largest companies in China, including Fujian Grand Chip Investment Ltd. It is currently looking for additional partnerships and is in the process of identifying potential partners.
How does Rizon work?
Rizon is quoted as the world’s first adaptive robot combining direct force control with advanced AI, ready to caterwith greater performance and a broader scope of robotic tasks across multiple industries, including manufacturing, healthcare, retail, and more.
Flexiv chinese ai 100m meituanliaotechcrunch integrates force control robotics with advanced AI which will be able to have sophisticated perception, force-guided manipulation, and flexible task planning with real-time adaptiveness that allows the robotic arm to work effectively in uncertain environments.
Flexiv chinese ai 100m meituanliaotechcrunch achieves the new level of adaptivity through custom joint design, self-developed control electronics, proprietary force sensing technology and a hierarchical intelligence system. It has been made keeping in mind the industrial-grade safety features ensured by the hardware architect and torque-based control framework for intrinsically safe interaction in an uncertain environment.
Great funding is giving a great push.
The huge $100M Series B funding round has shown how a disruptive idea can go a long way in a short period of time. The company has made breakthroughs in robotics technology since its origin and set the stage for other companies in the field to expand their product lines. Today, Flexiv offers customised intelligent robots for industrial sectors across China.
Meituan-Dianping, Longwood, and Meta Capital have all invested in Flexiv. These investors are backing the startup’s food delivery solution, as well as AI-based general-purpose robots for other industries.
Chinese robotics company Flexiv has closed its $100 million Series B funding round recently. The investors include Meituan, Plug and Play, Jack Ma’s YF Capital, and Meta Capital. The company has great plans to use the funding to create and implement AI-based general-purpose robots to help different industries.
The company is based in Silicon Valley and China. Its robotic arm, called Rizon, has the ability to adapt to changes in its environment. The company has already delivered 100 robots to customers in China and plans to generate additional revenue from after-sales services and software licensing. The company previously raised $22 million in Series A funding in late 2019. With the Series B funding, the company will continue to scale production and develop new applications.
Chinese companies are becoming more interested in robotics these days. Adaptive robots are expected to perform complex tasks previously impossible for traditional industrial robots. Flexiv has recently completed a $100 million Series B round, with participation from Meituan, Gaorong Capital, and Plug and Play’s China and US Ventures. The funding will help Flexiv reach its vision of becoming a mega leader in robotics.
Flexiv’s 100M series of funding is indicative of the potential for Chinese robotics to transform industries. Its rapid growth shows that Chinese investors are willing to put money into robotics. This investment also shows the potential of a crowded market.
China-based company flexiv
The China-based startupFlexiv recently raised $100 million from Meituan-Dianping, one of the largest venture capital funds in China. The work so far has shown that the company will definitely be leading the industry soon and has a promising future with its technology that allows for flexible robots that can work in factories. It is working on an AI-powered general-purpose robot that will automate processes in factories and execute tasks for platforms such as Meituan.
The China-based firm aims to work on intelligent technologies that can help Chinese logistics companies improve their operations in the industry. This includes building a high-performance computing platform, designing data sets, and developing a deep learning framework. The company has also been appreciated and backed up by the National Natural Science Foundation of China, Guangdong Province, and the city of Shenzhen.
The company was founded in Silicon Valley in 2016 and has operations in several Chinese cities. It has granted more than 100 technical patents. CEO Shiquan Wang is responsible for Flexiv’s operations. The company plans to use the new funding to expand its R&D and mass manufacturing capacities.
