Keenon Robotics has announced $200M in Series D funding, led by Softbank Vision Fund 2*, followed by CICC ALPHA and Prosperity7 Ventures (the diversified growth fund of Aramco Ventures). China Renaissance is the exclusive financial advisor for this financing.
Kentaro Matsui, Managing Director at SoftBank Group, former Managing Partner at SoftBank Investment Advisers, said, “We believe robotic solutions can have a profound impact across the services industry by assisting with repetitive, tedious workflows. Using AI and machine learning, combined with advanced manufacturing capabilities, Keenon is building innovative robotics to help increase productivity for restaurants, hotels, and hospitals in China and globally. We are pleased to partner with Li Tong and the Keenon team to support their mission of driving the smart autonomous delivery revolution.”
Maxwell Zhou, member of the founding team and executive general manager of CICC ALPHA said, “The COVID-19 epidemic has significantly changed the way of communication. The non-contact economy will become an important development trend in the post-epidemic era. With the continuous maturity of positioning and navigation technologies such as laser SLAM and visual SLAM, commercial service robots represented by food delivery robots will usher in an explosion.”
Aysar Tayeb, Executive Managing Director of Prosperity7 Ventures, said, “The intersection of traditional automation with AI unlocks various new applications for robotics beyond typical repetitive tasks. Keenon is leading integrating robots into the services industry, with various interesting applications. We are looking forward to support bringing these robots into Saudi Arabia, and help Keenon expand their rapidly growing global footprint.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.