UBTech Robotics, a developer of intelligent humanoid robots, announced today the completion of its Series C investment totaling $820 million with a market valuation of $5 billion, the single largest funding round ever for an artificial intelligence company.
The investment was led by Tencent, and also includes funding from ICBC, Haier, Minsheng Securities, Telstra, Easyhome Furnishings, Chia Tai Group, China Minsheng Bank, China Film and TV Capital, CGN, Sichuan Railway Investment Group, Green Pine Capital Partners, Whale Capital, and Shenzhen JinFuZi Network Technology.
The lead investor of UBTech’s Series B funding, CDH Investments, also participated. [Read more…] about Artificial intelligence and humanoid robotics startup UBTech raises $820 million in latest funding round