On November 10, Gaoxian, the leading Chinese robot startup completed its Round C financing of CNY 1.2 billion.
The round was jointly led by Today Capital and the Softbank vision fund, followed by Jinyi Capital and oversubscribed by its old shareholder Meituan, Lanhi Venture Capital and Yuanyi Investment with Prudent Capital serving as the exclusive long-term strategic financial adviser.
Founded in 2013, Gaoxian has followed an ambitious path into automation, blazing a new trail with its multifunctional service robots. By integrating its advanced simultaneous localization and mapping (SLAM) technology, the latest robots possess map construction, autonomous positioning, navigation and obstacle avoidance, thus allowing them to conduct tasks such as cleaning and security patrol, catering and floor disinfection. Allegedly, the company’s current cleaning robots can already perform complicated tasks with a level of quality and efficiency four times higher than humans, potentially redefining industry standards and constructing a new cleaning format.
In the future, Gaoxian aims to build a new generation of intelligent service platforms, thus catering to varied services needs on different sites, including office buildings, shopping malls, houses and hotels. Consequently, future R&D will concentrate on service robot product matrices, on-site standard solutions and intelligent labor adjustment.