Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, December 09 2020 - 10:00
AsiaNet
Robot AI Company Mech-Mind Robotics Raises Close to US$15 Million in Series B+
BEIJING, Dec. 9, 2020 /PRNewswire-AsiaNet/ --

Fast-growing Chinese AI industrial robotics startup Mech-Mind Robotics 
(Mech-Mind) has recently completed its B+ round of fundraising. Backed by 
Sequoia Capital China and Source Code Capital, the B+ round raised almost US$15 
million, bringing the total amount raised across all rounds to approximately 
US$40 million. The success of this round reflects Mech-Mind's rapid 
development, enormous potential, superior quality, and advanced technological 
solutions.

Mech-Mind Robotics utilizes cutting edge deep learning, 3D vision and motion 
planning technology to put intelligence into industrial robots. Led by a 
world-class team of engineers with comprehensive skills, the startup provides 
an all-in-one solution for industry end users looking to harness artificial 
intelligence in industrial robots.

"We intend to solve pain points in industries with our capabilities. For 
example, one major pain point existing for decades in many industries in 
logistics or manufacturing scenarios is picking under complex scenarios. 
Traditionally, complex picking activities such as palletizing and 
depalletizing, order picking, parcel loading and machine tending are all pure 
manual work, which is costly, inefficient and not usually welcomed by workers 
because of its repetitiveness and tediousness. We are now equipping industrial 
robots with our AI abilities, which can in turn make what seemed impossible 
possible and affordable" said Tianlan Shao, CEO and Founder of Mech-Mind 
Robotics.

According to the new World Robotics 2020 Industrial Robots report, there are a 
record of 2.7 million industrial robots operating in factories around the 
world. However, only less than 1% of them currently in the market are equipped 
with AI abilities. With millions of industrial robots delivered every year, 
Mech-Mind has a big potential market ahead. The company has been taking the 
lead in this vertical and is the first to realize the combination of AI and 
industrial robotics in real-life scenarios on a large scale for industry 
players in automotive, home appliances, steel, food, logistics, hospitals, and 
banks. 

"Mech-Mind will empower local integrators with full AI abilities. We will 
provide them with key components of robot intelligence including 3D cameras, 
software and AI algorithms. We offer highly standardized and easy-to-deploy 
hardware and software products to integrators that they don't need to have 
strong AI abilities by themselves. With our empowerment, integrators can now 
deliver solutions that were considered very advanced and complex, such as 
vision-guided palletizing and depalletizing, vision-guided machine tending, 
vision-guided order picking and vision-guided assembly or locating," said Shao.

Given the plenty of room for potential growth within the diverse applicable 
industrial automation scenarios, Mech-Mind was named in The Information's List 
of the 50 Most Promising Startups(https://www.theinformation.com/ti50) by last 
week, also ranked 3rd among TI50 China Selection.

Mech-Mind currently serves more than 200 customers in over 10 countries. Fueled 
by the B+ round of capital, Mech-Mind will accelerate the process of technology 
commercialization and global outreach to continuously expand its business 
capacity and take the lead in the era of industrial transformation.

For more information, please visit: http://en.mech-mind.net/ 

About Mech-Mind Robotics

Mech-Mind was founded in 2016 to put intelligence into industrial robots. 
Through advanced technologies including deep learning, 3D vision, and motion 
planning, Mech-Mind offers cost-effective solutions to palletizing and 
depalletizing, bin picking, order sorting, machine tending and 
assembly/gluing/locating in logistics and manufacturing.

Mech-Mind's intelligent industrial robot solutions are used in automotive OEM 
plants, appliance plants, steel plants, food plants, logistics warehouses, 
banks, and hospitals in countries such as China, Japan, South Korea, Germany, 
the U.S.

Contact for Public:
info@mech-mind.net

Source: Mech-Mind Robotics

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=379470

   Caption: Mech-Mind Product Map

   Link: http://asianetnews.net/view-attachment?attach-id=379473

   Caption: High-Efficiency Assorting of Common Goods Powered by Mech-Mind

   Link: http://asianetnews.net/view-attachment?attach-id=379474

   Caption: 3D Vision-Guided Machine Tending of Track Links Powered by Mech-Mind

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