Flexiv is a Chinese robotics company that has secured $100 million in series B funding from Meituan-LiaoTech and TechCrunch Devices. The funding will be used to fund research and development of Flexiv’s robots, software, and artificial intelligence (AI) capabilities. It will also allow the company to attract new talent and expand its services. This investment marks a major milestone for Flexiv as it continues to expand its presence in the robotics industry. Additionally, this series of investments from companies like TechCrunch Devices signals that investors are increasingly interested in artificial intelligence technologies. The money will help Flexiv to further develop its robots and AI technologies, which could potentially revolutionize the robotics industry. Moreover, It will also enable them to hire more talent and continue their research into artifice technology while attracting new customers with their services.
People working in the robotic industry are working to transform all manufacturing and agriculture in the coming years. However, startups like Flexiv are not waiting for that. As we all know, manufacturing is considered a priority startup, it is also focusing on creating new job opportunities for people. It is planning to approach more and more healthcare and agriculture verticals in the coming year.
About Flexiv Chinese AI
The Flexiv Ltd. Is known as one of the best robotic companies all over the globe, it works on the betterment and serving of automatic robots that have the vision of a computer and artificial intelligence like us humans to take decisions accordingly.
Based on turnkey solutions, Flexiv Technology provides robotic systems in multiple industries. The Robotic company Flexiv was founded in 2016 and at present, their offices are located in multiple places like Shanghai, Foshan, Beijing, Silicon Valley, Shenzhen, Singapore, and Taiwan.
The unique story behind Flexiv Chinese AI 100M Series Funding
You will be amazed to know the behind story of Flexiv . Flexiv technology a leading Chinese company by Wang Shiquan that provides robotic operating systems for general use was supposed to be a minimal project. Wang Shiquan studied at Stanford University and by 2016 he came up with an idea so that his academic grades or CGPA would not fall and academic credits will also be given.
Can anyone even imagine that a simple academic project can turn out to be so productive that it revolutionized the entire industry? Flexiv company is mainly focused on developing adaptive robots for the manufacturing industries.
After this, such a productive academic presentation, he not just got good grades in the subject but also got the idea to fulfill his dream of setting up a startup company whose motive was to produce AI-Driven robots for multi-purposes for general use, for factory usage or industrial manufacturing. The Flexiv AI 100m Series project has currently received funding of $100 million from various different companies such as TechCrunch learned and Meituan according to the collected data by Flexiv Chinese AI 100m meituanliaotechcrunch.
Flexiv round of funding. The Chinese robotics company Flexiv has announced 4 rounds of funding by far. It started from the seed funding round in 2017 to the latest Series B round in 2022. According to TechCrunch, the Series B funding round was led by GSR Ventures, one of China’s major investors and North Hope Group, a subsidiary of giant Meituan China. Previous Series A funding was provided by Meta Capital and New Hope Group. This new round of funding will help Flexiv Ltd to further develop its robotics technology and expand its services around the world. The money raised today will allow the company to develop more adaptive robots and create new products for different industries. With this additional capital, Flexiv plans to refine its existing products for a better customer experience and increase its market share in the robotics industry. This series B round will also enable Flexiv to hire more experienced engineers who can help them accelerate their product development process as well as attract top-tier investors from around the globe. In addition, this new influx of funds will allow Flexiv to expand into new areas such as AI and machine learning technologies which can ultimately improve the company’s overall performance in the global market.
Seed round Seed round funding is the initial round of funding to meet the financial needs of the company to take off the business. In these rounds, the investors are generally the parent companies or a few capital funding companies. Flexiv announced its seed round of funding on November 2017. It raised $1.5 million in the seed round.
Series A Series A funding is raised to fund the initial financial needs of a company. The initial process such as R&D needs to be funded and in the initial stages the co,mpanies are not stable enough to fund themselves. After the seed funding round, Flexiv announced its Series A round and closed it at $4.9M. Series A funding was provided by Meta Capital and New Hope Group. With this additional capital, Flexiv tried to refine its existing products for a better customer experience and increase its market share in the robotics industry which was no doubt successful.
Series B Flexiv is a Chinese robotics company that has secured $100 million in series B funding from Meituan-LiaoTech and TechCrunch Devices. The funding will be used to fund research and development of Flexiv’s robots, software, and artificial intelligence (AI) capabilities. It will also allow the company to attract new talent and expand its services. This investment marks a major milestone for Flexiv as it continues to expand its presence in the robotics industry. Additionally, this series of investments from companies like TechCrunch Devices signals that investors are increasingly interested in artificial intelligence technologies. Backers of this investment include GGV Capital, YF Capital, Jack Ma’s Yunfeng Capital, and other undisclosed investors. This round of funding was announced on December 30, 2020.
Series B+ Sometimes before moving to the series C stages few companies initiate and announced another round of post-series B of funding. Flexive has also announced one such round on 29th June 2022 which has by far collected $90 M. The lead investors are yet to be disclosed.
Lead investors There were multiple investors in the series of funding the Flexiv AI 100m series out of which one of the investors in the Chinese ai series round was New Hope Group, which is a Beijing-based agriculture business mainly in animal husbandry, feed, and farming. Another one is a super app named Meitun which provides meat delivery, restaurant services, and online grocery shopping along with other multiple services, there were more investment companies as well namely, GSR Ventures, Gaorong Capital, Plug and Play, Meta Capital, and YF Capital, which was founded by Jack Ma and co-founder of Alibaba.
As per Flexiv Chinese AI series meituanliaotechcrunch, the remaining or extra funds will be used for the upgradation of software, betterment of its Robotic systems, and enhancements of its markets. As per the observations of Market Insights, The Robot market will be worth $8.6 Billion in the coming days. The Robotic company has offices in places like Beijing, Foshan, Shanghai, Taiwan, Shenzhen, and Silicon Valley.
Overview of series of funding The Chinese robotics startup has made its way to be categorized as a unicorn. It has by far announced 4 rounds of funding. The most recent round was announced on 29th June 2022. However, it has completed 3 rounds of funding. The total with the addition of the most recent round has reached the amount of $196.4 M. The company has disclosed its plan to utilize these funds raised. This money will be used to help Flexiv develop AI-based general-purpose robots but will not restrict to this as their only priority. The lead investors of these rounds are ZhenFund, Magic capital & Meituan-LiaoTech backed by several other investors.
Series Date Amount Raised Investors Lead Investors Seed Round 21st November 2017 $1.5 M 1 ZhenFund Series A 22nd November 2017 $4.9 M 2 ZhenFund, Magic Capital Series B 30th December 2020 $100 M 8 Meituan-LiaoTech Series B 29th June 2022 $90 M – –
This table shows the overview of multiple rounds of funding of Flexiv as per Crunchbase.
Utilization of Series B $100 Million Funding Flexiv is a Chinese robotics company that has secured $100 million in series B funding from Meituan-LiaoTech and TechCrunch Devices. The funding will be used to fund research and development of Flexiv’s robots, software, and artificial intelligence (AI) capabilities. It will also allow the company to attract new talent and expand its services. Moreover, it will also enable them to hire more talent and continue their research into artificial intelligence technology while attracting new customers with their services. The company plans to use the new capital to expand its operations into North America and Europe, while also investing heavily in R&D; to further develop its AI-based robots. The Series B round of funding follows the company’s Series. With this funding, Flexiv plans to expand its presence in Silicon Valley and Beijing as well as grow its robotics software offering. The company also plans to use the funds to develop new systems for logistics warehousing. The report states that Flexiv will use the funds to continue developing its robotic solutions that imitate human dexterity and control computer vision to provide adaptive robots that can respond quickly and accurately in various scenarios. This will be beneficial for various industrial applications such as manufacturing or logistics.
Future Prospects
Flexiv Chinese 100M Series Meituanliaotechcrunch is a new robotics space that has gained round one funding. This funded company is raising more firms like Flexiv, which is a Giant Meituan China-based firm. These different robots are being developed to help the AI series and are gaining traction with investors including China’s venture capital firms. The Chinese AI company is also partnering with other companies such as EVE to provide services for their customers. Flexiv’s goal is to use AI and robotics to develop highly efficient production processes for titscusits customersits strong presence in China, the firm has been able to acquire more funding from investors and partners alike. In a recent announcement, the Flexiv 100M Series Meituanliaotechcrunch has revealed that it has attracted a significant $100 million investment to boost its AI technology. This has shown several investors’ interest in the firm with some of them becoming leading investors. This includes the investment rounds from Hope Group, YF Capital, and Meta Capital. All these investments are expected to increase the demand for services provided by Flexiv and Meituan Liao. With this investment, Jack Ma’s New Hope Group is also joining as an investor in this round of funding.
Flexiv And Its AI Adaptive Robots
The robotic Chinese intelligence firm was founded in 2016 with the motive of designing and creating robots with computer vision, AI, and combined force control. The Robotic company, Flexiv claims that it will make human life easier by automating complicated operations that need human coordination to operate.
The Flexiv Ltd . Is known as one of the best adaptive robotic companies all over the globe, which has been designed to mainly work on research and manufacturing robots that have artificial intelligence and computer vision technologies to work as smartly as a human mind does.
As we have discussed earlier in the article, Flexiv provides turnkey solutions via automatic robots and provides services in multiple industries.
About co-founder and CEO of Flexiv-Shiquan Wang
The robotic company Flexiv Ltd. Led by co-founder and CEO Shiquan Wang, the company is all about general-purpose robots that produce adaptive robots and AI technologies inspired by humans and use these robots across multiple industries such as agriculture, medical care, Logistics, and many more.
The primary business model of the company was verified after approximately four years of its founding, completed making its core software and hardware products, and submitted over 100 technical patent applications.
“The Flexiv technology develops hardware and software for adaptive robots,” CEO and co-founder Shiquan Wang say as these machines will easily decrease human necessity and will also have the adaptability with time to time-changing environments, this production of Shiquan Wang will enable them to carry out complex tasks much easier as compared to humans or capabilities of traditional industrial robots. According to the surveys, It is achieved what the startup refers to as high-performance force control, which is made attainable with AI and computer vision technologies.
Innovation of Flexiv Chinese AI Robotics
As per the Flexiv company, their adaptive robots are made for the betterment of agriculture industries, innovation sectors, and manufacturing sectors. Loading, unloading, installing, fastening, plugging, and other routine activities, all these c automated by using these robots.
The Chinese robotic company Flexiv also produces its own software platform, named Flexiv Elements, which “enables the programming, control of robots and monitoring easily.
An adaptable robot named The Rizon, which was introduced in April 2019, is now available in three models: the original Rizon 4, the Rizon 4s, and the last one Rizon 10. The FC technology used in the arms of these Rizon robots has excellent features and a quick response facility. It started releasing its robotic software platforms in 2021, which include Flexiv RDK as well as the AI system Noema, which is a robot development kit.
Flexiv Flex overtook the Chinese Robotic Industries
Flexiv Chinese $100 million series meituanliaotechcrunch is the perfect example that shows that only revolutionary concepts may go far, just in a short period. Even at this early stage of the start-up, it has gained a lot of popularity among Chinese investors who have placed trust in it.
As a result of this immense popularity, robotic technology has been proven to be a viable business model. Must be wondering about the results over the last five years, they’ve been testing the company and it has laid the groundwork for other companies to grow their productions by providing customized, intelligent robots to different industrial sectors of china through its unique work in development.
Industries Collaboration
If we talk about collaborating industries, Flexiv has proved to be a shiny management tool. A new startup, but one that is growing immensely in various sectors and on the other winning the trust of its investors as well as moving forward with its day-to-day development. In a very short period, the company has made an excellent relationship with its partners, and as per the growth rate, it will be in a good position to take on larger rivals and get funds.
As we all know if a company has a more secure and solid base, it will be a successful book as it will be able to effectively manage and execute its necessary business plans. China has a huge robotic industry, and round one investment like Flexiv Chinese $100M series meituanliaotechcrunch has drawn a great deal of attention and interest. However, disruption may happen in any sector and at any stage, whether the firm is new or old.
Partnership with China Electronics Technology Group Corporation (CETC)
Chinese industrial firms, such as China Electronics Technology Group Corporation, are already in partnership with Flexiv (CETC) . Some other partners are as follows:
Fujian Grand Chip Investment Ltd
Sinomach
FANUC
Changjiang Electronics
Chih-tung Precision Machinery
Over the journey of Flexiv , it has partnered with over 50 manufacturing companies in China, and in the United States, it has Forged alliances with more than 300 companies. This is one of the most popular among these collaborations. The leading manufacturers in China have made them their go-to supplier.
Wrapping up!
Flexiv, the hi robotics business has announced that it has completed three rounds of funding. This has been led by a big Chinese venture capital firm and also includes investments from Rizon, a Silicon Valley-based venture capital firm. Flexiv unveiled its first robot in April 2018 and has since then been working on developing robots for global expansion. Their warehouse robots are being used in various locations around the world and are getting much attention from the industry. Founded by CEO Tony Han in Beijing, Flexiv has since then set up offices in Shenzhen, China, and Silicon Valley, USA. Flexiv Chinese 100M Series Meituan-Liao-tech crunch is an eventful couple for the Chinese agrifood automation startups. This series B funding round included major investors such as GSR Ventures, Meta Capital, Gaorong Capital, YF Capital, Play & Plug, and New Hope Group. The terms of this funding round were not disclosed but it was enough to top the series B funds from previous rounds.
