FAIRINO Secures Series D Funding Led by Meituan for Robotics Expansion
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- TechNode.com
FAIRINO, a Chinese collaborative robot manufacturer, has successfully completed its Series D financing round, led by Meituan. This funding follows a previous Series C+ round also led by Meituan’s Long-Z investment arm, with both rounds collectively raising nearly RMB 1 billion to support the company's growth.
The significance of this funding lies in FAIRINO's plans to enhance its production capabilities and advance industrial robotics development. The proceeds will be utilized to invest in manufacturing capacity for key components and products, including the ART industrial force-controlled robotic arms and the AIRLab embodied-intelligence platform, while also bolstering R&D efforts and expanding its global presence.
Looking ahead, FAIRINO aims to leverage this funding to strengthen its market position and innovate within the robotics sector. No further timeline was disclosed at the time of publication.
Original report
Meituan leads Series D funding for collaborative robot maker FAIRINO
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