Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Bring in the Robots

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China’s Shenzhen-based AI and humanoid robotic company Ubtech has raised a Series C worth some $820 million according to TechNode China, a sum that sets a new financing record for the largest investment raised in a single round by an AI firm.

Ubtech’s self-proclaimed mission is to “bring the robot into every home, and truly integrate intelligent robots into the daily lives of everyone creating a more intelligent way of life.”

Yes, but can Ubtech’s robots do my laundry and take out my trash?

The new funding round was led by none other than Tencent, but also included a host of other investors ranging from the Industrial and Commercial Bank of China to Telstra. 

Ubtech founder and CEO Zhou Jian said the new round of funding has brought in invaluable investors and the investment will be dedicated to facilitating Ubtech’s future commercialization plans. Zhou said the investment will be used in three main areas including R&D, market expansion/branding, and recruitment.

The company said it will devote more resources to developing adult-sized humanoid robots and will focus particularly on the R&D of servo systems used in robotics, movement control algorithms for walking, and computer vision.

The company is already offering a $299.99 “StormTrooper” Robot that allows one to use voice commands and facial recognition to…well, it seems you get to define the mission.

May the robotic force be with them….oh, and Happy Star Wars Day!

Written by turbotodd

May 4, 2018 at 12:11 pm

Posted in 2018

Tagged with ,

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