China’s Advantech Capital Partners Ltd. has led a US$65 million series B funding round in a two-year-old Chinese robotic start-up Rokid at a US$450 million valuation.
Existing investor IDG Capital Partners and new investor Walden International also participated in the round.
Founded in 2014 by Misa, formerly the head of Alibaba’s advanced technology research unit M-Team, Rokid is developing a family service robot shaped as a drop of water.
The static robot is voice controlled with LED display. Its basic functions work pretty much like Apple’s Siri, but it can be connected to smart home devices to control lighting, window curtains and other home electronics.
The robot also has embedded face recognition technologies, and is equipped with deep learning capabilities to self-improve services provided to each family members.
Rokid previously received venture investment from IDG, Linear Venture and Vision Plus Capital.
The company currently has research and development centers in Hangzhou, Beijing and Silicon Valley. It has over 90 employees.