Clobotics, a Seattle, WA and Shanghai-China-based provider of intelligent computer vision solutions for the wind power and retail industries, closed an additional $11m in a continuation of its Series A financing.
The Series A now totals $21m. New investors included Nantian Infotech VC and Wangsu Company, which joined previous investments from KTB Network, GGV Capital and Capital Development Investment Fund Management Co., Ltd.
The company intends to use the funds to continue to expand its business in North America to further penetrate the wind power and retail industries, to invest in ongoing product development and continue to build its team of experts in computer vision, artificial intelligence (AI) and machine learning.
Led by George Yan, Chief Executive Officer, Clobotics provides intelligent computer vision solutions for the wind power and retail industries, which combine computer vision, artificial intelligence/machine learning, and data analytics software with different hardware form factors, including autonomous drones, mobile applications and other Internet of Things devices to enable companies to automate time-intensive operational processes, increase efficiencies and boost results through the use of real-time, data-driven insights and analysis.
Clobotics hired nearly 100 employees in its Seattle and Shanghai headquarters and offices throughout Asia.