# UBTECH Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ubtech-robotics

- Industry: Software
- Headquarters: Shenzhen, China
- Website: www.ubtrobot.com
- Total disclosed funding: $943M
- Latest round: Series C (May 3, 2018)
- Investors on record: 20

## About

Established in 2012 and based in Shenzhen, China, UBTECH Robotics, Inc. is an artificial intelligence (AI) and humanoid robotic company that focuses on the development of humanoid robots. In 2014, the company produced Alpha, a small humanoid robot. In 2018, it released the humanoid robot Walker. In December 2023, the firm raised a pre-IPO funding for CNY 500 million. In 2023, the company was listed on the Hong Kong Stock Exchange. Its stock code is 09880. As of December 31, 2022, UBTECH Robotics, Inc. has more than 1,600 authorized patents, of which invention patents account for nearly 50%.

The company's main products include humanoid robots, commercial robots and health care robots. Commercial robots include cleaning robots and delivery robots. The company's products are used in education, medical and pet industries.

In 2022, the company's operating income was CNY 1.01 billion, and the net profit was CNY -987.37 million.

## Funding rounds

- Series C, May 3, 2018, $820M — CDH Investments, China Minsheng Bank, Tencent Investment, Green Pine Capital Partners, ICBC International, Titanium Ventures, Qingdao Haier Co., Ltd., Chia Tai Group, CreditEase Wealth Management, China General Nuclear Power Corporation, easyhome, Minsheng Equity Investment
- Series B, Apr 6, 2017 — China Galaxy Investment Management, SmallVille Capital, iFlytek, Huajin Lingchuang Fund Management
- Series B, Jul 25, 2016, $100M — CDH Investments, CITIC Goldstone Fund Management, CITIC Securities
- Series A, Jan 1, 2015, $20M — Qiming Venture Partners
- Series A, Oct 28, 2014, $3.3M — Zhengxuan Capital

## Investors

- Zhengxuan Capital (https://capitalatlas.ai/funds/zhengxuan-capital) — Series A
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series B, Series C
- CITIC Goldstone Fund Management (https://capitalatlas.ai/funds/citic-goldstone-fund-management) — Series B
- CITIC Securities — Series B
- China Galaxy Investment Management (https://capitalatlas.ai/funds/china-galaxy-investment-management) — Series B
- SmallVille Capital (https://capitalatlas.ai/funds/smallville-capital) — Series B
- iFlytek — Series B
- Huajin Lingchuang Fund Management (https://capitalatlas.ai/funds/huajin-lingchuang-fund-management) — Series B
- China Minsheng Bank — Series C
- Tencent Investment — Series C
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series C
- ICBC International (https://capitalatlas.ai/funds/icbc-international) — Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C
- Qingdao Haier Co., Ltd. — Series C
- Chia Tai Group — Series C
- CreditEase Wealth Management (https://capitalatlas.ai/funds/creditease-wealth-management) — Series C
- China General Nuclear Power Corporation — Series C
- easyhome — Series C
- Minsheng Equity Investment (https://capitalatlas.ai/funds/minsheng-equity-investment) — Series C