Flexiv’s Leading Investors and Funding Round.
Adaptive robotics company Flexiv attracted a lot of great investors with their automatic production lines, supply chains, and robotics technology. Flexiv started a Series B round capital-raising process for a startup company. It is the third stage of its financing and the second stage of its venture capital financing.
Flexiv’s latest funding closed a Series B round north of a $100 million from China’s top service provider Meituan as per techcrunch.
Their other significant investors are Meta Capital, a Chinese venture capital firm; New Hope Group, a major Chinese agricultural company; Longwood, a private equity firm; Jack Ma’s YF Capital and Gaorong Capital, another significant venture capital. The new round raised the capital to over $20 million.
How Did Adaptive Robotics Company Flexiv Begin?
Flexiv was founded in 2016 by Shiquan Wang from Stanford University. It is a robotics company that manufactures and develops adaptive robots with artificial intelligence and computer vision. Its purpose is to provide robots for industrial use and give innovative solutions and services to its customers in various industries.
It launched its first Rizon adaptive robot in 2019, and since then till date, it has had three different Rizon models Rizon 4, Rizon 4s, and Rizon 10.
Flexiv Firm Founder Shiquan Wang’s Statement
The Flexiv company’s founder Shiquan Wang firmly added his statement that conventional robots could complete tasks when there are no barriers or complex environments. However, even simply washing dishes require a lot of AI-based decision-making power and recognition. Which the company is trying to put.
Wang also said that China’s advantage is in supply chains and manufacturing. In the era of adaptive robotics, the gap in various countries is undoubtedly narrowing as per flexiv chinese ai 100m meituanliaotechcrunch.
Future Use Of The Funding Provided By The Investors.
The company plans to spend the funding in the latest round on general-purpose robotics software development and grow Flexiv’s robotics ecosystem to expand in the market. Since 2021, they have released software platforms for robotics, including Noema, an artificial intelligence system, and the RDK, a robot development kit by Flexiv.
Wang also mentioned in an interview with TechCrunch that consumer electronics require delicate, high-precision manufacturing for which the production line must often be revamped for a new product.
The Flexiv RDK was created to make the complicated robotics development process a much simpler one. It has easy-to-use, user-friendly drag-and-drop visual programming and an adaptable human-robot interface. It also has an embedded semi-autonomous programming module that supports WLAN connection and one-to-many configuration.
The Promising Future And The Faith Of The Investors.
Flexiv has the potential to be a leading robotics development company in the entire world one day. It goes excellent potential with its quality of work and services. It gives excellent promise on how robots can do any task in any complicated environment using artificial intelligence and its high intelligence decision-making.
Because of their high efficiency and great vision for the future of robotics. Their primary investors, TechCrunch and Meituan, show great faith in them. With their increased funding of $100 million dollars. Flexiv shows a great future ahead with better advancements in the field of robotics.
They currently have offices in several places like Shanghai, Shenzhen, Taiwan, Silicon Valley, Foshan, and Singapore. These are used for several purposes like surface treatment, precise manipulation, general assembly, mobile operations, and many more. With the proper support from their investors and the hard work of their developers and engineers, Flexiv will flourish in the robotics field.
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