Flexiv Ltd., a global general-purpose robotics company, closed an over 100m USD Series B funding round.
Backers included Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures and Plug and Play.
The company intends to use the funds for mass production and marketing, new market development, and R&D.
Led by Shiquan Wang, co-founder and CEO, Flexiv Ltd. is a general-purpose robotics company that focuses on developing human-inspired robotics and AI technologies and applying them across all industries including services, agriculture, logistics, medical care, and so on. Four years after its founding, the company has completed its core hardware and software products development with over 100 technical patents submitted, and has validated its primary business model.
Founded in 2016, Flexiv has established offices in Silicon Valley, Shanghai, Beijing, Shenzhen, and Foshan.