Warehouse robotics startup HAI ROBOTICS secures $200M funding
PR91761
SHENZHEN, China, Sept. 18, 2021/PRNewswire=KYODO JBN/--
- The funding will help the company boost its product fleet through
technological upgrades, expanding its global operation networks, optimizing its
supply chain management and corporate structure as well as talent.
HAI ROBOTICS( https://www.hairobotics.com/en/home/index ), a Chinese warehouse
robotics startup pioneering in autonomous case-handling robotics (ACR) system,
announced that it has secured two new continuous rounds of financing, garnering
US$200-odd million in total to be invested in boosting its robot fleet with
technological upgrades, expanding its global operation networks, optimizing its
supply chain management and corporate structure as well as talent.
The C round funding was led by 5Y Capital with participation from Sequoia
Capital China, Source Code Capital, VMS, Walden International and Scheme
Capital. The D round funding, the third capital infusion for the company in
2021, was led by Capital Today with some existing investors, including Sequoia
Capital China, 5Y Capital, Source Code Capital, Legend Star, and 01VC. Earlier
in March, the company announced B+ round funding of US$15 million. The fast
funding pace may offer a glimpse of the market's appraisal for its products,
technological strength and services.
HAI ROBOTICS launched the world's first ACR system--HAIPICK(TM) in 2015. The
HAIPICK(TM) robots can pick and place totes or cartons on storage shelves up to
5 to 7 meters high and are able to carry up to 8 loads to continuously feed
goods-to-person picking stations.
The HAIPICK(TM) robot has stood out from similar mobile robots with the ability
to carry cartons as well as individual totes and to bring multiple cases to
pickers or conveyors in one movement. It can help realize warehouse automation
in just a week, increase storage density by 80-130%, and improve staffs' work
efficiency by 3-4 times.
The global supply chain and warehousing logistics market in the past years has
seen a surge of automation transformation. As per LogisticsIQ(TM) market
report, the warehouse automation market is expected to worth US$30 billion by
2026, at a CAGR of 14% since 2019.
The HAIPICK(TM) system waded its way first through shoes and apparel projects
in the wave of warehousing automation. So far, the company has been running
over 200 projects around the globe with more than 2,000 ACR robots deployed,
accounting for 90% share in the ACR robot market. It has paired up with dozens
of global logistics and supply chain leaders, including LG CNS, MHS, MUJIN,
BPS, Savoye, to name only a few.
"Our major future orientation will center on expanding the overseas market and
localize our service," said Richie Chen, the company's cofounder and CEO.
HAI ROBOTICS thinks it has an edge over its overseas counterparts in many
aspects, including project cost, technology and customization capability, in
that it has matured when catering to the various demands in the dynamic Chinese
market.
Speaking of the company's future plans, Richie Chen said that the company will
continue to pursue technological innovation as the primary driver for growth,
and continuously create values for customers.
Guo Shanshan, a partner of Sequoia Capital China, said that HAI ROBOTICS has
made itself an exemplar in the logistics sector with its ACR system. "The
case-handling robot is riding on the market trend that shifts towards smaller
workflows, such as from pallet-picking to totes-picking. We're very pleased to
see the company's fast growth with good innovation," he said.
About HAI ROBOTICS
HAI ROBOTICS, a trailblazer of autonomous case-handling (ACR) system, is
committed to providing efficient, intelligent, flexible, and customized
warehouse automation solutions through robotics technology and AI algorithms.
It aims to create value for each factory and logistics warehouse.
The HAIPICK(TM) ACR system, independently developed in 2015, is the world's
first of its kind. The company has a yearly turnout of 10,000 robots with a
18,000 sqm factory in Dongguan, China.
Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up
five subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the
Netherlands, serving customers from more than 30 countries and regions. It now
has over 1,000 staff, more than 50% of which are engineers. The company has
acquired more than 400 global patents for core intellectual properties
involving positioning, robot control and warehouse management.
SOURCE: HAI ROBOTICS
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=401137
Caption: HAI ROBOTICS product family
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Caption: HAIPICK(TM) Robots in operation at Booktopia’s distribution center in Lidcombe,
NSW
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