Lenovo Capital and the Incubator Group have led a RMB50 million (US$7 million) pre-A round in Tianjin YangTian Technology Co., a Chinese industrial robotic arm developer supplying manufacturers in China.
GSR Ventures and Yinxinggu Capital also participated in the round, according to a company announcement.
Founded in 2015, Tianjin-based Yangtian produces light industrial robotic arms used for a variety of industrial jobs, such as handling, assembling, polishing, coating, monitoring and screwing. Its robotic arms have up to 0.02 millimeter repeat positioning accuracy and a maximum 20 kilogram load capacity, the company says.
The company targets the 3C sectors, namely, the computer, communication and consumer electronics industries in China. It has received over 400 orders since it began full production at the beginning of the year, according to an announcement.
"The smart Internet era has arrived with more robots expected to replace humans in the future. One of the most important areas where this revolution will take place is the light collaborative robotic arm sector," said He Zhiqiang, vice president of Lenovo Group Ltd. and chairman of Lenovo Capital. "The collaborative robots can greatly improve efficiency and reduce cost for manufacturers."
The start-up plans to use the latest proceeds to expand its Bright Series and broaden its marketing channels, as well as build up its production base.
The company’s two-arm robot can be used for multiple production lines, to improve the efficiency and collaborate with human workers
The Bright series robots can be used in packaging
The Bright series robot with load capability of 20 kilogram can be use for clothing manufacturing
The Bright series robot with 5 kilogram load capability can be used for auto glaze spraying for home appliance