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Thursday, September 28, 2023

Flexiv raises $100 million in Series B funding

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Flexiv, a general-purpose robotics company, has completed its Series B funding round, raising more than $100 million. Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures, and Plug and Play were among the major investors in the round, which marked the largest single-round fundraising in the field of general-purpose robotics.Flexiv 100m meituanliaotechcrunch.

“The strategic funding from leading companies and funds in various industries will primarily be used for mass production and marketing, new market development, and cutting-edge R&D,” says Shiquan Wang, co-founder and CEO of Flexiv. “We will continue to focus on manufacturing automation transformation while exploring new applications in a broader range of industries such as services, agriculture, logistics, medical care, and so on.” “With new investor business opportunities in almost every industry, we will be able to develop and refine our products and robot AI in a variety of real-world application scenarios, which greatly benefits our development of the most advanced general intelligence and robotics technology.”Flexivchinese 100m meituanliaotechcrunch.

According to Flexiv, it is dedicated to developing “the best human-inspired robotics and AI technologies and applying them across all industries.” Flexiv has completed the development of its core hardware and software products, with over 100 technical patents submitted, four years after its founding, and has validated its primary business model. It now claims to be prepared for further business expansion. Flexiv completed its series A+ funding round in 2019 with a total of $22 million raised. Flexiv officially launched its first product, the world’s first adaptive robot Rizon, in April 2019. Rizon received global recognition for its design and product value in 2020 when it received both the iF Design Award and the German Innovation Award.

“Flexiv’s breakthroughs in cutting-edge technologies for general robotics have pushed the boundaries of industrial automation and intelligence,” says Richard Lim, managing director of GSR. “The team has excellent industry knowledge and research capabilities.” We are delighted to have collaborated with Flexiv since their inception at Stanford University, and we look forward to supporting their efforts to make intelligent robotics an integral part of various industries.”Flexivchinese 100m series. deepdotweb coadmin sentenced years prison

After investing a significant amount of time and resources in product verification and iterative optimization in the fields, the company has manufactured over 100 adaptive robots and developed a number of reliable and unique industrial applications. Flexiv has received repurchase orders from several renowned clients in the automotive, 3C electronics, and Internet industries across China, North America, Europe, and South Korea due to its cutting-edge technology and highly cost-effective solutions. Flexiv conducts in-house research and development of key proprietary technologies such as robotic manipulator hardware, servo control system, force/torque sensors, robotic operation and development system, and various types of algorithms. This ensures that the product has distinct advantages and performs exceptionally well. Furthermore, Flexiv’s AI team’s research results have been published in prestigious academic journals such as Nature-machine intelligence and Engineering, where the concept of general-purpose intelligent agent system was defined for the first time, and have broken world records in multiple AI-related fields 18 times.

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