Moorebot is a high-tech enterprise providing customer robots and robotic devices. It recently completed a funding round worth tens of millions of CNY, led by Hongtai Capital.
Moorebot (Chinese: 小墨智能), an innovative technology company, focuses on developing robotic devices. It recently completed a funding round worth tens of millions of CNY, led by Hongtai Capital. Moorebot will use the capital for R&D investment, marketing and expanding its customer base.
The business strategy of Moorebot is to invest in state-of-the-art robotic technologies, Artificial Intelligence (AI), and Internet-of-Things (IoT) to develop better products for its customers. Moorebot integrated industrial-grade control algorithms, AI and other cutting-edge technologies into their consumer robotic products. Its flagship product "Scout robot," features a palm-sized, hardcore military vehicle design and can achieve 360 degrees of rotation. This product has autonomous patrol, recharge, and other powerful functions. Additionally, customers can purchase accessories based on their needs to further customize their robots.
Moorebot's home robotic device line currently includes housekeeping, baby companion, and voice-activated service robots. Moorebot's education home robotic device line includes robot-assisted products and services in STEM, language learning, and rehabilitation programs for special children in hospitals. Additionally, Moorebot is partnered with companies worldwide and delivers automation and data-driven optimization employing in-house robotics and AI technologies. It is worth mentioning that Moorebot's products have entered various overseas market channels such as Bestbuy, HomeDepot, Target and Walmart.
Jun Li, the general partner of Hongtai Capital, said that the robotic device market is experiencing rapid growth and demands robots that could function under different scenarios. With a strong R&D team and marketing strategy, Moorebot will undoubtedly be a future leader in this industry.
Moorebot's competitors include iRobot Corporation, Motion Robotics Ltd, Labrador, Grillbots, Sineva, Yujin Robot, Yujin Robot and Maytronics.