SoftBank-backed Chinese robot maker, JAKA, to build plant in Toyota's backyard
JAKA is one of a number of companies looking to challenge Denmark-based Universal Robots’s lead in collaborative robots, also called co-robots, which play a complementary role to the hulking machines on automated assembly lines. Other contenders include Japan’s Fanuc and Chinese startup Elite Robot. JAKA’s advantage comes from the size of its home market, as well as its track record as a Toyota supplier. The company’s mean time between failure is 80,000 hours, the equivalent of one incident every nine years or so.
JAKA now makes all of its robots in Changzhou, China, at a factory with an annual capacity of about 10,000 units. For JAKA, the Nagoya plant is not only about serving Japanese buyers. In preparation for the expansion, JAKA Robotics raised a total of 1 billion yuan ($148 million) from investors including SoftBank Vision Fund 2 and Prosperity7 Ventures, a fund under Saudi Aramco.
JAKA Robotics raises $150M for collaborative robots
JAKA Robotics has raised $150 million in Series D funding. This follows a $50 million Series C funding round earlier in 2021. JAKA plans to use the Series D funding to further support globalization of the company and the research and development of its collaborative robot (cobot) arm.
Excited to Announce Aquabyte’s $25M Series B
In 2017, Aquabyte was an idea and a prototype. The prototype was a camera powered by AI and Machine Learning, to capture and analyze images of underwater fish.
So today, five years since that initial prototype in my San Francisco bathtub, I am proud and grateful to announce that we have completed our Series B funding. I am grateful for the commitment of SoftBank Ventures Asia, The Nature Conservancy, Westerly Winds, New Enterprise Associates, Costanoa Ventures, ArcTern Ventures, Alliance Venture, and Struck Capital who are joining us as investors, friends, and true partners.