Tech Company Financing Transactions
Ubtech Funding Round
On 5/4/2018, Ubtech raised $820 million in Series C funding from Tencent Holdings, CDH Investments and CreditEase.
Transaction Overview
Company Name
Announced On
5/4/2018
Transaction Type
Venture Equity
Amount
$820,000,000
Round
Series C
Investors
Proceeds Purpose
The proceeds of this round will be used for research and development, market and brand expansion, as well as talent recruitment, according to CEO James Zhou.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Block C1 Nanshan I Park No.1001 Xueyuan Rd. Nanshan District
Shenzhen, 518055
China
Shenzhen, 518055
China
Phone
Website
Email Address
Overview
UBTECH is a global leading AI and humanoid robotic company. Since 2008, UBTECH has successfully developed consumer humanoid robots, robots for business use and Jimu robot after breakthroughs made in digital servos, the core part of humanoid robots. In 2016, UBTECH Robotics has surpassed 1 billion valuation and became a unicorn startup company.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Zhou
Browse more venture capital transactions:
Prev: 5/4/2018: IronNet Cybersecurity venture capital transaction
Next: 5/4/2018: Companion Medical venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on funding rounds that are announced publicly. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs