CPE, SDIC lead $46m round for China's Jaka Robotics

Domestic technology investor FG Venture re-upped. The Series C is being touted as the largest single round in the global collaborative robot industry. 

Founded in 2014, Jaka was a spinoff from Shanghai Jiao Tong University’s robotic research lab. Its technology has been applied in automated production across the automobile, electronics, advanced manufacturing, new energy and medical devices industries. The company supplies the likes of Toyota, Honda and Volkswagen. 

Jaka's robots feature wireless connectivity and remote control functionality. Further R&D activity is supported by the Jaka+ platform, which includes more than 100 partners and is intended to create a collaborative robot application ecosystem.

Other recent investment activity in China's industrial robot space includes a $100 million Series B for Flexiv, which develops robotics designed to adapt to unpredictable environments. 

Last year, competitors such as Mech-Mind Robotics, a provider of intelligent solutions for industrial robots, raised a RMB100 million Series B round, while XYZ Robotics, a specialist in robotic hand-eye coordination, got a $20 million Series A.

China Renaissance served as the exclusive financial advisor for Jaka's Series C.

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• Topics
• Greater China
• Expansion
• Industrials
• Technology
• China
• CPE Capital
• SDIC Fund Management
• Growth capital