Clobotics, a computer vision and artificial intelligence (AI) solutions startup, has raised an additional $11 million as a continuation of its Series A financing, bringing the total raised to $21 million. The round was led by Nantian Infotech VC and Wangsu Science and Technology, with additional participation from previous investors KTB Network, GGV Capital and Capital Development Investment Fund Management Co.
With the new capital, the Shanghai- and Seattle-based firm plans to continue expanding its footprint in the North American wind power and retail industries, invest in ongoing product development and continue to build its team of computer vision, AI and machine learning experts.
“In less than two years since our founding, Clobotics has attracted top global brands as customers by pioneering new processes that combine artificial intelligence and computer vision with our own smart hardware capabilities and expertise in the wind and retail industries,” said George Yan, Chief Executive Officer of Clobotics in a statement.
Founded by former Microsoft executives in 2016, Clobotics solutions combine hardware, software and developing technologies such as computer vision, AI, machine learning and data analytics to help companies automate traditionally time-intensive operational processes.