Youibot Robotics is a Chinese developer of autonomous mobile robots (AMRs) and automation solutions. The company has closed a Series C funding round that is described as backed by a state investor. Following the fundraise, Youibot plans to invest 1.4 billion yuan (about $193 million) to set up new headquarters and manufacturing facilities. The planned investment is intended to establish new HQ and manufacturing capacity to support its AMR and automation product lines. The article does not disclose the Series C's size, other participating investors, or additional financial details. Youibot is identified in the article as a China-based company. YouiBot develops industrial mobile robots and end-to-end software-hardware solutions for industrial logistics, intelligent routine inspection, and operation & maintenance. The company is rooted in precision electronic manufacturing and the energy industry, and it claims a leading position in semiconductor and power-plant scenarios. Its solutions have been applied in semiconductor, 3C, electric power and IDC sectors, including an unmanned workshop deployment of 150 mobile robots and the YOUI TMS system in a 36,000 m2 precision electronics factory. YouiBot counts customers and partners such as LUXSHARE ICT, ASM, CRRC, FAST, China Huaneng, AICC, COMAC and Hitachi, and serves 26 provinces and cities domestically. The company exports products to more than 30 countries, including Japan, Korea, Singapore, Spain and Germany. YouiBot plans to use the new funding to expand operations, accelerate growth and broaden its business reach. Youibot is a four-year-old Shenzhen-based startup founded by a group of PhDs from Xi’an Jiaotong University that develops autonomous mobile robots and proprietary software for factory automation, logistics management, inspection and maintenance. Its robots are used in scenarios such as yard vehicle tire inspection (helping win a Michelin contract) and are noted for strength in electronics manufacturing and electric power patrol. The company is seeing high growth in its semiconductor business, with front-end wafer fabs using its robots for chip packaging, testing and wafer production. China accounts for roughly 80% of Youibot’s revenues, and the firm’s revenues tripled last year from 2020. Youibot went through SOSV’s HAX hardware accelerator and has raised more than 200 million yuan to date. The company plans to spend the latest proceeds on R&D for mobile robots and software, team building and market expansion.

Total raised

$255M

Funding rounds

3

Latest round

Series C

Latest activity

Jun 2024