PONGBOT Secures Hundreds of Millions in RMB Through Series B Funding Round
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- TechNode.com
Chinese AI sports-hardware company PONGBOT has successfully completed a Series B funding round, raising hundreds of millions of RMB, as announced on October 11. The funding round was led by the Shanghai State Investment Pilot Fund, with participation from Hua Capital, Pudong Venture Capital, and existing investor BlueRun Ventures, which increased its stake.
This funding is significant as it will enable PONGBOT to enhance its research into sports AI models, motion vision, and training decisions, while also supporting its international expansion and local marketing efforts. PONGBOT, which initially focused on table-tennis training robots, has plans to introduce products for additional sports, reflecting its growth trajectory in the sports training technology sector.
Looking ahead, PONGBOT aims to leverage this funding to broaden its product offerings and enhance its technological capabilities. The company has previously completed three rounds of Series A financing, indicating a strong interest from investors in its innovative approach to sports training technology. No further timeline was disclosed at the time of publication.
Original report
Sports-training robot maker PONGBOT raises hundreds of millions of RMB in Series B
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