According to PEdaily.cn, Mech-Mind Robotics announced the completion of its series B financing led by Sequoia Capital China, with an investment of over 100 million yuan. Qiji Capital acted as the sole financial adviser for this round. Proceeds of this financing will be used to further improve the research and development and service capabilities for domestic and foreign customers, so as to provide better products.

Within three years, Mech-Mind Robotics has raised a total of $64M in funding over 4 rounds from Sequoia Capital China, Intel Capital, and other well-known capitals. It has also been selected as a member of the Microsoft Scaleup（acceptance rate<2%) and Intel AI Acceleration Program.

Mech-Mind Robotics was established in October 2016, focusing on the research and development of AI intelligent solutions for industrial robots. At present, it has complete core technical capabilities of AI + industrial robots, including 3D cameras, visual AI algorithms software, robot motion algorithms and software that is easy to deploy on a large scale. 

Mech-Mind Robotics can provide reference designs and field services for a variety of typical applications. It has already deployed intelligent industrial robot solutions in automobile part plants, home appliance plants, steel plants, food plants, logistic warehouses, banks, and hospitals, etc. The applications include depalletizing, palletizing, bin-picking, machine tending, assembly, gluing, and locating, etc.

To meet the needs of different types of customers, Mech-Mind Robotics has established high, medium and low product lines. In 2019, it also released the Mech-Eye Enhanced series of 3D cameras, which can output high-quality RGB-D images to various objects suitable for a variety of industries And academic research applications.

Sequoia Capital China is a VC firm focused on seed-stage, mid-stage, late-stage, and growth investments in the fin-tech sector.

Formed in September 2005, Sequoia Capital China has an impressive and diverse portfolio comprising about 300 dynamic companies that deliver high returns on investment using differentiated technologies and innovative business models, including Alibaba, VIPshop.com, Sina.com, Didi, JD.com, Ourpalm, Qihoo 360, Jumei, Momo, and so on.