# First Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-automation-2

- Industry: Industrial Machinery
- Headquarters: Shanghai, China
- Total disclosed funding: $18M
- Latest round: Angel (Aug 9, 2024)
- Investors on record: 5

## About

Established in 2023 and based in Shanghai, China, First Automation operates as a manufacturing company that focuses on the production of CNC (computer numerical control) system. The company has closed a seed funding, and its investors include Glory Ventures and Zhengxuan Capital. In December 2023, First Automation closed an angel funding from new investor Jiyuan Capital. In August 2024, the firm raised CNY 100 million in angel+ funding.

The company engages in the research and development of general CNC products. Products can be applied in various types, including machine tools, such as drilling and tapping machines and mill-turn machining centers.

The company’s revenue is generated by providing autonomous and controllable general-purpose high-end CNC systems.

## Funding rounds

- Angel, Aug 9, 2024, $14M — eGarden Ventures, Glory Ventures, Jiyuan Capital, Shida Investment
- Angel, Dec 26, 2023 — Jiyuan Capital
- Seed, Jul 25, 2023, $4.2M — Glory Ventures, Zhengxuan Capital

## Investors

- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Seed, Angel
- Zhengxuan Capital (https://capitalatlas.ai/funds/zhengxuan-capital) — Seed
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Angel
- eGarden Ventures (https://capitalatlas.ai/funds/egarden-ventures) — Angel
- Shida Investment — Angel