Chinese Cleaning Robot Developer Gaussian Robotics Raises $22M In Series B Round

Chinese smart robotic solutions provider Gaussian Robotics has raised RMB150 million (US$22 million) in a series B+ round of financing, led by Broad Vision Funds and China Capital Management.

Bluerun Ventures, Grand Flight Investment and Korea Investment Partners (KIP) also poured money into the round.

Gaussian Robotics was established in 2013 and mainly develops intelligent cleaning robots. It is the first company in the cleaning robot industry to provide simultaneous localization and mapping (SLAM) solutions. Its robot functions include dust pushing, vacuuming, cleaning, washing, polishing, disinfecting, etc., which can be flexibly matched with various equipment for each application scene.

So far, Gaussian Robotics mainly has six product lines, including: Ecobot Scrubber 75 for indoor and outdoor floor cleaning and disinfection; Ecobot Scrubber 50 for indoor floor cleaning, medical-grade disinfection, and dust pushing; Ecobot Polistar 60 for indoor stone caring; Ecobot Sweep Vacuum Mini dedicated to sweeping and vacuuming indoor carpets and hard surfaces; Ecobot Sweeper 111 dedicated to autonomously dumping garbage outdoors; Ecodrive Sweeper G2, unmanned sanitation vehicles used in municipal roads and parks.

Cheng Haotian, founder and CEO of Gaussian Robotics, said that cleaning and sanitation work is a typical simple and repetitive work, suitable for automation and unmanned transformation; at the same time, the aging population in China is growing. Among the more than 10 million sanitation workers, those over 55 years old account for 70%. Recruiting people is difficult and expensive, which has restricted the development of the cleaning industry. From a technical point of view, the core algorithm of intelligent cleaning robots is becoming more mature and the cost of core components is continuously reduced, making automation possible in practice.

Gaussian Robotics completed a RMB100 million series B round financing in March last year led by Grand Flight Investment; and raised a series A round of financing worth tens of millions of U.S. dollars from Seven Seas Partners and BlueRun Ventures in May 2018.

 
China Expert network
China Money AI
Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

LEAVE A REPLY