China smart logistics provider Galaxis raises $14m

Additional support came from Industrial Bank, Oriza Holdings, Yicun Capital, Huagai Capital, Sumin Investment, and SinoKing Capital.

Founded in 2014, Galaxis provides automation solutions for logistics processes across the manufacturing and commerce sectors, covering the value chain from raw materials to finished products, including services in receiving, sending, and storing. The company said this offering was becoming indispensable due to increasing in labor costs.

Galaxis's core offering is an indoor logistics system that has been exported to Japan, South Korea, Taiwan, Israel, and Russia. The company has also developed software for areas such as electrical equipment control, operations scheduling, and warehouse management. Its technology is used in more than 150 large and medium-sized logistics centers and production-oriented warehouses. 

Industrial robotics is a strong theme in Chinese VC. Earlier this year, Keenon Robotics, a manufacturer of indoor-use logistical robots focused on the restaurant industry, raised a RMB200 million in Series B funding from Source Code Capital, Walden International and Shanghai Kechuang Fund, an investment arm of state-owned Shanghai International Group.

Meanwhile, Mech-Mind Robotics, a provider of intelligent solutions for industrial robots, has raised a RMB100 million Series B led by Sequoia Capital China. Mech-Mind specializes in artificial intelligence (AI) and machine vision for robotic arms. This includes a focus on “bin picking” which refers to a robot’s ability to use sensors and cameras to identify and then retrieve specific objects positioned at random in a bin.  

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• Topics
• Greater China
• Technology
• Industrials
• Expansion
• Logistics
• China
• Oriza
• manufacturing