Smart health gadgets manufacturer Yunmai receives USD 10 million for Series B
Founder: Wang Yang
Founded in: 2014
Financing status: RMB 68 million (USD 10 million) Series B round in 2017
Smart health gadgets manufacturer Yunmai on Wednesday receives USD 10 million for its Series B financing round to integrate cloud computing and big data technology with its smart gadgets.
Yunmai is a smart health gadgets manufacturer that aims to help users achieve and maintain their health goals via its smart scales.
Its smart scale is an interesting product for a number of reasons. First of all, it measures not only the weight of the users, but also the measurement of some other indicators such as body fat, BMI, hydration, and several other body stats. The scale can also be used for up to 16 users, which is really convenient for family share. It collects data from sensors located at the top of the scale, and it can be synced with the Yunmai app, and can also be synced with Apple Health, Google Fit and Fitbit apps.
Founded in 2014 in Guangzhou, it has produced a series of smart scales and some other related smart health gadgets. Over 5 million users have downloaded its app to start a healthier lifestyle.
This Series B financing round was led by LB Investment, with Xinwen Capital and FutureCap participating as investors. The capital will be used to expand its business to more countries, as well as increase its investment on cloud computing and big data technology which will be used in its gadgets for better user experience.
Educational robotics company Mento receives undisclosed pre-Series A in millions of USD
Founder: Liu Qi
Financing status: 2017 pre-Series A round amounting to tens of millions in RMB (a few million USD)
Educational robotics company Mento on Wednesday receives an undisclosed pre-Series A round in millions of USD to improve the efficiency of its educational robots based on artificial intelligence.
Mento is an educational robotics company that helps children achieve better quality education through learning with educational robots. Its educational robots are equipped with elementary and junior high school instructional courses from both China and the United States, and its robots can guide children to watch instructional videos. The robots can also recite articles in Mandarin and English to the children. In addition, its robots can determine the accuracy of children’s pronounciation and give them feedback.
In this way, educational robots will gradually be familiar with the children’s learning preferences and how much knowledge they have mastered. The robots can recommended customized learning materials, and helps adjust the difficulty and depth of the learning materials based on the data it collects from the children’s progress. At the same time, it also aims to build a good learning environment such as playing games – this is a method always used by Americans to learn their native languages.
Mento was founded by a group of scientists, and its founder Liu Qi has previously worked for Google and Disney. It has reached a collaboration with Baidu to develop an educational robotic operating system with independent intellectual property rights.
This financing round was led by an undisclosed group of investors. Mento plans to use the fund to create more learning content, and to integrate artificial intelligence with its educational robots to improve its efficiency.
(Top photo from 58pic.com)