Xiaomi's Robotics Company Secures Series A Funding
date
Dec 11, 2024
damn
language
en
status
Published
type
News
image
https://www.ai-damn.com/1733875730990-202308091546512360_0.jpg
slug
xiaomi-s-robotics-company-secures-series-a-funding-1733875738895
tags
Xiaomi
Robotics
Funding
Artificial Intelligence
Industrial Automation
summary
Beijing Xiaoyu Intelligent Manufacturing Technology Co., Ltd., the first industrial robotics firm backed by Xiaomi, has successfully completed its Series A funding round, securing hundreds of millions in investments. Founded by key Xiaomi members, the company focuses on developing a robotics platform for embodied intelligence in industrial applications.
Beijing Xiaoyu Intelligent Manufacturing Secures Series A Funding
Beijing Xiaoyu Intelligent Manufacturing Technology Co., Ltd., recognized as the first large model robotics enterprise funded by Xiaomi, has announced the successful completion of its Series A financing round, raising hundreds of millions of yuan.
Company Background
Founded in 2023, Xiaoyu Intelligent Manufacturing was established by a core team from Xiaomi Group. The founder, Qiao Zhongliang, previously served as the head of the MIUI development team at Xiaomi, while co-founder Wang Wenlin was the general manager of Xiaomi's software system platform department, leading the development of the innovative "Xiaomi Brain".
Focus on Embodied Intelligence
The company specializes in creating a robotics platform designed for embodied intelligence in industrial sectors. Its primary technology aims to create a system that operates on the principle of "one brain with multiple forms." This approach allows a generalized intelligent core to control various robots with differing designs and functionalities across diverse scenarios.
Funding Details
This recent funding round was exclusively backed by the Beijing Information Industry Development Investment Fund. Following an angel funding round that also garnered significant investments from Xiaomi Group, Professor Wang Tianmiao, and the Beijing Zhiyuan Research Institute, Xiaoyu Intelligent Manufacturing has demonstrated its ability to secure substantial financing, reinforcing its position in the robotics industry.
The company has positioned itself as a pioneer within the Xiaomi ecosystem, focusing on leveraging artificial intelligence to enhance industrial automation and robotics. The successful funding is expected to accelerate its development initiatives and expand its market presence.
Future Implications
As Xiaoyu Intelligent Manufacturing continues to grow, its innovations could play a crucial role in transforming the landscape of industrial robotics, potentially setting new standards for efficiency and functionality in the sector. The financial support from prominent investors highlights the confidence in the company's vision and capabilities.
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