Robot R&D Company Xianglu Technology Bags $16 Million in Angel Round Financing Led by Source Code Capital

Robot R&D Company Xianglu Technology Bags $16 Million in Angel Round Financing Led by Source Code Capital

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( Source: Marsmarch)

Recently, Xianglu Technology revealed that it had actually acquired 100 million yuan ($16 million) in angel round funding from Source Code Capital The fresh funds will be primarily utilized for item innovation R&D, service development, multiscenario application and organizational updating.

Xianglu Technology is a robotic R&D and application business dealing with life situations. Its items cover hotel self-service terminals, circulation service robotics and other classifications. It has numerous patents and ingenious applications in robotic self-governing mobile algorithm, multi-task scheduling, cloud management and other innovations.

Xianglu Technology likewise revealed that Guo Qing, previous member of S-team, the greatest decision-making group of Meituan, signed up with the business as co-founder and CEO, and Yang Jiancheng, previous CEO of the business, started to function as co-founder and CPO.

Huang Yungang, partner of Source Code Capital, stated: “The mix of expert system and robotics will bring qualitative modifications to the market and will be the primary pattern in the next 10 years. We acknowledge and are positive about the tactical vision, technical reserves and business landing abilities of the Xianglu Techbology in this field.”

SEE ALSO: Dajie Robot Completes B Round of Financing, Led by GL Ventures

In the previous year, Marsmarch, a subsidiary of Xianglu Techbology, has actually made fantastic accomplishments in hotel services, developing a variety of ingenious items, such as self-service terminal and hotel circulation robotics. Now it has actually been stationed in more than 10 hotel groups and almost 1,000 hotels, offering 10s of countless smart and effective services for visitors every day.

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