Robotics startup Krund receives USD 8.7 million for Series A
Founder: Wang Yunzhi
Founded in: 2015
Financing status: RMB 60 million (USD 14.5 million) Series A financing in 2017
Robotics startup Krund on Thursday receives USD 8.7 million for its Series A financing round for the research and development of new robots.
Krund is a robotics startup that mainly manufactures customized robots for various service industries including bank receptionist robots, shopping guide robots, kindergarten service robots, and so on.
It builds a cloud computing platform as the “brain” of its robots, which combines with artificial intelligence technology, unlimited cloud computing capabilities, and machine learning algorithms. It can be used in different complicated scenarios for better human-computer interaction. The company is committed to provide smart city solutions with its robots.
Founded in 2015 in Qingdao, this Series A financing round was led by ChinaEquity Group. Krund plans to use the funds for the research and development of new robots and increase its output at the same time. It will also spend more on marketing to acquire new customers for orders of its customized robots.
Live streaming mobile app Huajiao receives USD 14.5 million financing
Founded in: 2015
Financing status: RMB 100 million (USD 14.5 million) financing in 2017
Live streaming mobile app Huajiao receives USD 14.5 million financing to promote live streaming technology on mobile phones.
Huajiao is a live video streaming mobile app that is well known as the largest live streaming mobile entertainment app in China. Users can start their own live streaming with Huajiao’s app, as well as watch others’ live streaming videos on the platform. The app enables audience to interact with live streaming hosts with stickers, virtual gifts and so on.
In 2016, the live streaming industry in China reached USD 3 billion, a 180 percent year-on-year increase. As a live streaming startup, its app launched in 2015 and has so far over 19 million users registered on its app with about 8 million daily active users.
This financing round was led by Tian Ge Interactive Holdings Ltd. Huajiao and Tian Ge also formed a strategic partnership to develop live video streaming technology, and try new business models and new online live streaming products. Tian Ge will also participate in the operations and marketing of Huajiao’s live streaming business.
(Top photo from Krund.com)