I'm LongbridgeAI, I can summarize articles.According to reports from Investment Circle, FAO Robotics has consecutively completed its Series C+ and Series D financing rounds, with a cumulative total of nearly RMB 1 billion. The rounds were led by Meituan Longzhu and MEITUAN respectively, with participation from institutions such as Yongxin Capital, Shishan Phase II, and Suzhou Venture Capital Group. Existing shareholders including Guolian Minsheng Capital, Suzhou Industrial Investment, and Qingliu Capital continued to increase their investments in this series. Public records show that FAO (Suzhou) Robotics Technology Co., Ltd. was established in April 2019 and is headquartered in Suzhou High-Tech Zone. The company achieves independent research, development, and production of core components such as controllers, encoders, servo drives, harmonic reducers, servo motors, and brakes. Centered on its FR series collaborative robots, it offers 11 models with payload capacities ranging from 3 to 35 kg. This year, it globally launched the general-purpose ART series industrial humanoid force-controlled arms. The funds from this round will primarily be used for fixed asset investments to expand the production capacity of core components, as well as for capacity expansion and R&D in the field of industrial embodied intelligence
Zhitong Finance APP learned that, according to reports from Investment Circle, FAO Robotics has consecutively completed its Series C+ and Series D financing rounds. The cumulative financing scale of the two rounds is nearly RMB 1 billion, led by Meituan Longzhu and MEITUAN respectively. Institutions such as Yongxin Capital, Shishan Phase II, and Suzhou Venture Capital Group participated in this series of investments, while existing shareholders including Guolian Minsheng Capital, Suzhou Industrial Investment, and Qingliu Capital continued to add to their investments in this financing series.
According to public information, FAO (Suzhou) Robotics Technology Co., Ltd. was established in April 2019, with its headquarters located in Suzhou High-Tech Zone. The company has achieved independent research, development, and production of core components such as controllers, encoders, servo drives, harmonic reducers, servo motors, and brakes. With the FR series collaborative robots as its core, the product line covers 11 models with payloads ranging from 3 to 35 kg. This year, the company globally debuted the general-purpose ART series industrial humanoid force-controlled arms. The funds from this round will mainly be used for fixed asset investments in the production capacity of core components, as well as for capacity expansion and R&D investment in the field of industrial embodied intelligence.