XYZ Robotics Closes Nearly $40 Million Series B+ Round to Build Next-Generation Vision-Guided Robotics Solutions

高榕创投高榕创投·June 20, 2022

Intelligent, flexible, and agile.

XYZ Robotics has recently completed a nearly $40 million Series B+ round led by Capital Today, with follow-on investments from Gaorong Ventures, 5Y Capital, and Source Code Capital. The company has now raised over $100 million in total funding. Gaorong Ventures led XYZ Robotics' Series A round back in 2019 and has continued to invest in subsequent rounds.

The fresh capital comes on the back of several converging signals: the company's technical capabilities have been repeatedly validated in complex scenarios such as deep-bin random picking, mixed palletizing, and piece-picking from tens of thousands of SKUs; its market share has grown rapidly over the past year; and high-value customers have been returning for repeat purchases at an accelerating pace. Following this round, XYZ Robotics' post-money valuation has reached quasi-unicorn status, putting it at the front of its pack.

Deepening Applications, Refining Core Technology

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

Take deep-bin picking as an example. The team has overcome industry-wide technical hurdles such as highly reflective parts, difficult-to-clear corner objects, and non-standard bins, while eliminating the need for users to manually teach robot trajectories. The result is a product characterized by precision, speed, and ease of use.

Building High-Standard, Scalable Delivery Systems

Over the past year, XYZ Robotics has seen rapid commercial expansion, deploying hundreds of projects domestically and overseas — including in the US and Japan — across industries such as automotive, 3C, e-commerce, consumer goods, pharmaceuticals, apparel, electronics, and chemicals. The company has earned consistent recognition from leading enterprises in these sectors.

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 — all guided by the corporate values of "pursuing truth and pragmatism, striving for excellence." XYZ Robotics will continue to work with leading system integrators to jointly build next-generation intelligent, flexible, and agile vision-based robotic solutions for customers.

Jiaji Zhou, founder and CEO of XYZ Robotics, said: "Over the past year, the XYZ Robotics team has made solid progress in tackling difficult product development challenges, responding to market needs, and improving operational efficiency. Our team stays grounded, hones the fundamentals, and continuously improves ourselves in the process of delivering value to customers. Going forward, we will further increase R&D investment and market expansion, making our services more professional and our products more user-friendly — solidifying our dual moat of technical and market leadership."