China Robotics Firm KEYi Tech Garners New Strategic Investment

Technology Author: Yifan Zhang Editor: Yijuan Li Apr 27, 2022 09:18 PM (GMT+8)

The company has raked in a new investor with its star product


Chinese consumer robotics company KEYi Technology (Chinese: 可以科技) has closed a new strategic financing round led by smart charging tech firm Anker Innovations (300866) (Chinese: 安克创新). 

Existing backers Shunwei Capital, Bluerun Ventures, and Xiaomi (01810: HK) also participated in the round. The amount of investment is not disclosed.

Founded in 2014, KEYi Technology aims to develop customized robots by integrating industrial control algorithms and AI with artistic design. 

ClicBot, a programmable modular robot package for children and the company’s main product, has clients in 82 countries and districts. The company has launched an online community where 99% of the content is contributed by ClicBot users, the company said in its announcement. 

The current competitive rivals in the robotics sector include IDG-backed Lingque Technology (Chinese: 领鹊科技), which received hundreds of millions of yuan on Monday, and Foxconn-supported Agile Robots.