GGV Leads New Funding Round In Chinese Drone Solutions Provider Clobotics

Chinese venture capital firm GGV Capital has led a series A round in Clobotics, a Shanghai-based start-up specializing in machine vision for drones and industrial big data.

No financial details were disclosed, according to Chinese media reports.

"The drone industry has developed significantly in the past few years, and the software and hardware are also growing rapidly," said Li Hongwei, managing partner at GGV Capital. "The vertical sector of the drone industry will have huge potential. We are optimistic about Clobotics’ technology capability, deployment ability, and high market penetration."

Founded in 2016, Clobotics’ products include a cloud computing and big data platform which provides drone solutions such as flight control and mission planning, computer vision and image processing, and data analytics.

Its drone-based industrial data analytics technology can be applied in a number of fields including security, mining, surveying, mapping, energy and environment.

Last month, the start-up established a research and development center in the U.S. city of Seattle to focus on artificial intelligence, machine learning and machine vision.

Earlier this month, Nongtian Guanjia, a sharing platform connecting teams of agricultural drone operators with farmers needing their services raised a RMB50 million (US$7 million) series A round led by Gobi Partners.