# Honeybot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/honeybot

- Industry: Consumer Products
- Headquarters: Shenzhen, China
- Website: www.honeybot.cn
- Total disclosed funding: $8.7M
- Latest round: Series A (Oct 20, 2018)
- Investors on record: 1

## About

Honeybot is a technology company focused on providing innovative automation solutions that enhance operational efficiency for businesses across various sectors, particularly in manufacturing and logistics.Founded in 2014 in Shenzhen, China, Honeybot develops automation solutions tailored for enterprises. The company has undergone a strategic pivot towards advanced robotics and AI-integrated systems. Its founders, Connor Evans, Ryan Francis, and Zhongliu Chen, have a history in technology development. In October 2018, Honeybot raised CNY 60 million in Series A funding from Haier Capital, bringing its total amount raised to CNY 60 million.Honeybot specializes in innovative automation solutions designed to enhance operational efficiency for businesses across various sectors. Their core products include advanced robotics and AI-integrated systems that streamline tasks such as supply chain management, inventory control, and customer service automation. These offerings are particularly beneficial for industries such as manufacturing, retail, and logistics, where efficiency and accuracy are paramount. The company serves a diverse client base that spans multiple geographical markets, including North America, Europe, and parts of Asia.The revenue generation model for Honeybot primarily revolves around direct sales and subscription-based services. The company engages with clients through a structured transactional framework that includes long-term service contracts and software licensing agreements. Clients typically benefit from a tiered pricing structure that accommodates varying levels of service and product integration. Honeybot's flagship product, supported by a subscription service, provides ongoing updates and technical support, fostering long-lasting partnerships with its clientele. The company’s revenue streams are diversified, catering to both B2B enterprises and direct-to-consumer segments.Honeybot aims to launch new products that enhance its automation capabilities within the next year. The company plans to expand into new markets in Europe and Southeast Asia by 2025. The CNY 60 million raised during the recent Series A funding will be utilized to support these developments and enhance their technological offerings, ensuring that they can meet the growing demands of their clients.

## Funding rounds

- Series A, Oct 20, 2018, $8.7M — Haier Capital

## Investors

- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series A