5Y News | XYZ Robotics Closes Nearly $40 Million Series B+ Round

五源资本五源资本·June 20, 2022

Building next-generation intelligent, flexible, and agile vision-enabled robotic solutions.

XYZ Robotics recently announced the completion of a nearly $40 million Series B+ funding round led by Capital Today, with follow-on investments from Gaorong Capital, 5Y Capital, and Source Code Capital. The company has now raised over $100 million in total funding.

Peter, a managing director at 5Y Capital, commented: "Over the past four years, XYZ Robotics has focused on building intelligent robots with autonomous perception and manipulation capabilities. Drawing on its strong R&D and engineering expertise, the company has rapidly achieved large-scale deployment of hand-eye coordination technology across industrial, logistics, and e-commerce applications. Since our initial investment in 2019, 5Y has participated in four consecutive rounds, and we believe XYZ Robotics will continue to integrate cutting-edge technologies to create disruptive new products and push the boundaries of robotics."

The company's technical capabilities have been repeatedly validated in complex scenarios such as deep-bin random bin picking, mixed palletizing, and piece-picking from tens of thousands of SKUs. With market share growing rapidly over the past year and high-value customers making repeat purchases at an accelerating pace, these accumulating signals prompted existing shareholders to increase their stakes within six months. Following this new round, XYZ Robotics' post-money valuation has risen substantially to near-unicorn status, putting it in a leading position within its sector.

Since its founding in June 2018, XYZ Robotics has remained focused on providing logistics and manufacturing customers with industrial 3D vision products (including teach-free motion planning), logistics picking stations, and palletizing/depalletizing workstations. Built on three core technical strengths — 3D vision algorithms and sensor design, motion planning algorithms, and no-code user-friendly interfaces — the team has continuously refined its robotic "hand-eye coordination technology" through real-world deployment, enabling system integrators to deliver more intelligent robotic products that genuinely reduce costs and improve efficiency.

In deep-bin picking scenarios, for example, the team has overcome industry-wide technical obstacles including highly reflective parts, difficult-to-clear corner objects, and non-standard bins, while eliminating the need for users to teach robot trajectories — demonstrating the three product hallmarks of precision, speed, and ease of use.

Over the past year, XYZ Robotics has seen rapid commercial expansion, deploying hundreds of projects domestically and internationally, including in the US and Japan. Its solutions now cover industries spanning automotive, 3C electronics, e-commerce, consumer goods, pharmaceuticals, apparel, chemicals, and more, earning consistent recognition from sector-leading enterprises.

These notable commercial achievements stem not only from XYZ Robotics' full-stack technical advantages but also from its high-standard project management, delivery, training, and after-sales systems, developed under the corporate values of "pursuing truth and practicality, striving for excellence." XYZ Robotics will continue to partner with leading system integrators to jointly deliver next-generation intelligent, flexible, and agile vision-guided robotic solutions for customers.

Jiaji Zhou, founder and CEO of XYZ Robotics, stated: "Over the past year, the XYZ Robotics team has made meaningful progress in tackling difficult product development challenges, responding to market needs, and improving operational efficiency. Our team remains committed to doing solid work and building foundational capabilities, continuously improving ourselves as we help our customers succeed. Going forward, the company will further increase R&D investment and market expansion, making our services more professional and our products more user-friendly, to solidify our dual moats of technical and market leadership."

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