China-US computer vision start-up Clobotics gets $11m
Clobotics, a China and US-based computer vision start-up backed by a number of venture capital firms, has raised $11 million in Series A funding.
New investors include Chinese internet and data technology company Wangsu and Nantian Infotech Venture Capital, a subsidiary of the China and US-based IPV Capital. Existing backers include KTB Network, GGV Capital, and Capital Development Investment Fund Management.
According to a statement, the round brings total Series A funding to date to $21 million. Clobotics, which was founded in 2016 by former Microsoft executives, will use the capital in part for product development and hiring of additional staff focused on computer vision and artificial intelligence (AI). The company will also seek to expand into Southeast Asia, Europe, and South America.
Clobotics deploys drones and other robotics to take survey photos in the wind energy industry, where clients use the technology to investigate weakened or broken turbine blades. Images are transmitted in real-time and analyzed using AI to detect problems faster than a human inspector could. In the retail sector, some consumer brands use the company’s technology to take images of packaged goods to improve in-store sales.
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