HAI Robotics has announced that it had secured two new continuous financing rounds by exploring autonomous case-handling robotics (ACR) systems.
The company has collected around 200-million US $ in total for investment in boosting its robot fleet, which includes technological upgrades, expanding its global operation reach, optimizing its supply chain management and corporate arrangement, as well as talent.
5Y Capital led the firm’s Series C funding along with other participants from Source Code Capital, VMS, Sequoia Capital China, Walden International, and Scheme Capital. While Series D funding, which is the third capital infusion for the company in 2021, was headed by Capital Today with other remarkable current investors, including 5Y Capital, Source Code Capital, Sequoia Capital China, Legend Star, and 01VC.
Before this, the firm had also announced B+ round funding of 15 million US $ in March 2021. The rapid pace of investment may provide a view into the market’s assessment of its products, services, and technological strength.
About HAIPIC Robots
HAI Robotics has launched one of the world’s first ACR systems called HAIPIC in the year 2015. The HAIPICK robots could pick and place cartons or totes on warehouse shelves up to 5 to 7 meters higher. HAIPIC robots were able to carry up about eight loads to feed goods-to-person picking stations continuously.
The HAIPICK robot has distinguished itself from other mobile robots like the Geek+ Sorting Robots and InviaRobotics by its capacity to carry boxes including individual containers and to transport numerous cases to pickers or conveyors in a single movement. It can assist in accomplishing complete warehouse automation in just seven days by increasing the storage density by 80-130% and improving staff work efficiency by 3-4 times.
There has been a surge in automation transformation in the worldwide supply chain and warehouse logistics sector in recent years. Also, the rise in automation is expected to grow even further in the upcoming years.
In the initial wave of warehouse automation, the HAIPICKTM technology has paved its way through shoe and clothing projects. So far, the business has executed over 200 projects worldwide, with over 2,000 ACR robots deployed, accounting for 90% of the ACR robot market. It has collaborated with dozens of worldwide logistics and supply chain giants, such as LG CNS, MHS, MUJIN, BPS, and Savoye.
HAI ROBOTICS believes it has an advantage over its international competitors in several areas, including project cost, technology, and customization capabilities, since it has evolved while responding to the diverse demands of the dynamic Chinese market.
The company’s co-founder and CEO, Richie Chen, confidently says that their main focus is to expand their reach in the overseas market and localize their services. Further, Richie Chen speaks on the business’s future goals, stating that the company would continue to seek technological innovation as the driving factor of development, as well as continuously produce value for its customers.
Global Presence of HAI Robotics
HairRobotics is already deployed in one of the largest bookstores in Australia, called Booktopia. Also, the firm has successfully extended its business to five overseas subsidiaries in Hong Kong SAR, Japan, Singapore, US, and Netherlands, with international clients in more than 30 countries.
Hai Robots creates an exceptional autonomous case-handling (ACR) system that delivers warehouse automation solutions using robotic technology and AI algorithms for the logistics warehouse sector. The firm currently holds more than 400 global patents in fields such as robot control and warehouse management.
Its ACR system is being used in a wide range of sectors, including clothing, 3PL, electronics, e-commerce, retail, manufacturing, pharmaceutical, energy, automotive, and many others.
Such technologies can help warehouse managers focus more on complex tasks like accounts and maintaining inventory rather than physically tedious tasks like moving boxes from one point to another.