PR97117

SHANGHAI, July 20, 2022 /PRNewswire=KYODO JBN/ --

JAKA Robotics, one of the leading collaborative robot companies, recently

announced that it has successfully completed around $150 million Series D

financing in the first half of 2022.

The Series D financing was led by Temasek, TrueLight Capital, Softbank Vision

Fund 2 and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures

with participation from one strategic investor. Funding will further support

the globalization of JAKA Robotics and the research and development of new

generations of collaborative robots<https://www.jakarobotics.com/products/>

with more flexibility and intelligence. The Series D financing marks an

industry record again set by JAKA Robotics<https://www.jakarobotics.com/>, as

the Series C and C+ financing rounds in 2021 also set an industry record at $50

million.

"As a leader in the new generation of cobots, JAKA Robotics has formed 9 core

technologies and 6 core algorithms, creating highly flexible intelligent

solutions for industrial manufacturing that can be used in a wide range of

scenarios," said Mr. Li Mingyang, CEO of JAKA Robotics. "Our cobots have

extensive communication interfaces and are equipped with vision systems, force

sensors and other external devices. The perception equipment and robot design

can be deeply integrated. It enables robots to independently carry out task

planning in a complicated, unstructured environment, realizing the progress

from human-machine cooperation to human-machine integration, covering more

production areas."

Based on the self-developed 9 core technologies and 6 core algorithms, JAKA

Robotics forms a complete product matrix with payload from 1-18 kg. Through

strong operational capability, strong scenario-based capability and strong

intelligent capability, JAKA is tapping customers' profound needs, expanding

application scenarios and creating highly flexible intelligent solutions for

the whole industry.

"We are excited to continue our partnership with JAKA Robotics, a leading

robotics developer. Robotics has tremendous growth potential as a future

megatrend, especially as human-machine interaction plays a critical role in the

age of Industry 4.0. Prosperity7 will leverage its Aramco-funded connections to

help JAKA Robotics scale and globalise. We are always looking to partner with

pioneers in their respective industries to enable continued growth and

transformation and have a positive impact on people's lives." Mr. Aysar Tayeb,

executive director of Prosperity7 Ventures, said in the statement.

JAKA Robotics, with the genes of innovative technology developing since 1979,

was founded in 2014 as a high-tech company with the aim of innovation along

with research and development of a new generation of collaborative robots to

strengthen Industry 4.0 and industrial automation.

Dennis Chang, Managing Partner at SoftBank Investment Advisers, said: "We

believe Jaka Robotics is one of the leading collaborative robot companies in

China who is helping manufacturers boost productivity. With its strong in-house

R&D capabilities, Jaka's robots are high-performance and strongly suited for

multiple industrial use cases, which is recognized by its global partners. We

are pleased to partner with the company and support their vision of ushering in

the era of flexible intelligent robots."

JAKA Robotics has more than 10,000 collaborative robots in operation worldwide,

which are used in the production lines of well-known brands in the automotive,

electronics, semiconductor and other industries. Up to today, the company has

established technology centres in Japan and Germany and is working with more

than 300 automation companies to provide localized services worldwide.

In 2022 the company launched the new JAKA Pro

Series<https://www.jakarobotics.com/products/jaka-pro/> to support businesses

around the world that operate in harsh environments. JAKA Pro collaborative

robots are IP68 rated and can operate for nearly 6 years without interruption.

The JAKA Pro Series completes the current, already extensive, cobots series

portfolio.

To date, JAKA Robotics has accumulated a large number of practical

applications<https://www.jakarobotics.com/applications/> in the fields of

handling, palletizing, machining, testing, bonding, screw locking, polishing,

welding and in many other. With the development of several technologies and the

expansion of innovative solutions. As stated on company's website JAKA

collaborative robots have increased production capacity and production

efficiency, reduced heavy physical labour for workers, increased worker safety,

and solved high staff turnovers.

SOURCE  JAKA Robotics

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