Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.
The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.
This is the third round of financing it has obtained within the past 12 months.
Richie Chen, the company’s founder and CEO, said: “This round of financing will be spent on stepping up the R&D of warehousing logistics robotic systems and on global business expansion, to provide more efficient, intelligent and flexible products to power every warehouse with robots to address labor shortage and cope with the challenges brought by the aging population.”
Founded in 2016, Hai Robotics now has more than 500 projects globally and has offices in the US, Europe, Japan, Southeast Asia, Australia, Hong Kong and Taiwan, serving customers from more than 30 countries and regions.
In an effort to make its warehouse automation solutions easily accessible to worldwide business operators, it has paired up with leading system integrators and players in the supply chain, such as Mujin, MHS, BPS Global, Savoye, Zion Solutions Groups, Tompkins Robotics, Storage Solutions, as well as UK-based Invar System and Greece-based Voyatzoglou Systems.
In December 2021, the company opened its first demo center in Silicon Valley, the US.
The ACR system was presented for the first time in Europe by Savoye at Log!Ville, a demonstration center that promotes innovative logistics solutions in Belgium. In March 2022, the first demo center in Asia opened in Saitama Prefecture, Japan.