SoftBank leads $15M round to work with China’s industrial robot the developer Youibot

SoftBank has picked its idea in China’s flourishing aggressive robotics space. Youibot , a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth.

In December, SoftBank Ventures Asia led the financing round for another Chinese robotics startup called KeenOn, which focuses on delivery and service robots.

Youibot’s previous investors BlueRun Ventures and SIG also participated in the round. The startup, based in Shenzhen where it went through SOSV’s HAX hardware accelerator program, < a href=""> secured several financing rounds during 2020 as business opportunities and investors embrace aggressive automation to minimize human connection. Youibot has raised approximately 200 million yuan already.

Founded by a group of PhDs from China’s prestigious Xi’an Jiaotong University, Youibot generates solutions for factory mécanisation, logistics management, as well as assessment and maintenance for various field. For example , its robots will be able to navigate around a yard of all buses, inspect every car tire of the vehicles and provide reveal report for maintenance, a feature that helped it accumulate Michelin’s contract.

Youibot’s “strongest suits” come to electronics manufacturing and electric power patrol, the company’s speaker told TechCrunch.

The startup is also enjoying high growth in its semiconductor business, with customers based on several prominent front-end wafer fabs, which use the firm’s robots for chip presentation, testing, and wafer formation. Youibot declined to disclose their own names due to confidentiality.

Chinese clients which it named include CRRC Zhuzhou, a state-owned locomotive make, Huaneng Group, a state-owned electricity generation giant, Huawei, and more. China currently includes 80% of Youibot’s perfect revenues while overseas promotes are rapidly catching upward. The firm’s revenues tripled last year from 2020.

Youibot plans delight in the fresh proceeds on researching and developing in its mobile robots as well as , propietary software, team building coupled with market expansion.

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