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BEIJING, Dec. 9, 2020 /PRNewswire=KYODO JBN/ --

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:

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   Caption: Mech-Mind Product Map

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

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