KEYI Technology, a Chinese consumer robotics company, raised tens of millions of dollars in Series B financing.
The round was led by Xiaomi and Shunwei Capital, followed by existing shareholders Source Code Capital and BlueRun Ventures.
The funds will be used to build a developer ecosystem and develop new products.
Led by Yang Jianbo, founder and CEO, KEYi Tech provides ClicBot, a coding fun robot for STEAM learning, which combines an industrial control algorithm, control and perception technologies as well as AI into its design.
ClicBot, now with over 10,000 users worldwide, recently has been made available in China through an online and offline simultaneous direct sale model. As a next step, the company plans to expand sales of ClicBot in the market by upgrading the robot and establishing relationships with more domestic retailers.
The close partnership with Xiaomi allows KEYi Tech to develop robots by combining its advantages in robotic technologies and consumer robotics with Xiaomi’s competence in artificial intelligence (AI) technologies and channel supply chain.