Code Moment | "XYZ Robotics" Announces Close to $40 Million Series B+ Round, Existing Shareholder Source Code Capital Continues to Double Down

源码资本·June 20, 2022·0·3

Leader in Robotic "Hand-Eye Coordination" Technology

#MaKe Source Code Capital and MaHui Member Company Updates

Recently, XYZ Robotics completed a nearly $40 million Series B+ funding round, led by Capital Today, with Source Code Capital, Gaorong Ventures, and 5Y Capital participating. Source Code Capital, as an existing shareholder, led the company's Series A+ round.

The company's technical capabilities have been repeatedly validated in complex scenarios such as industrial 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, with high-value customers continuing to make fast repeat purchases. It was the convergence of these signals that led Capital Today and other existing shareholders to increase their investment within six months. Following this new round, XYZ Robotics' post-money valuation has risen substantially to near-unicorn status.

Jiaji Zhou, Founder & CEO of XYZ Robotics, said: "Over the past year, the XYZ Robotics team has made solid progress in tackling challenging product R&D, market responsiveness, and operational efficiency. Our team remains committed to doing real 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, while reinforcing our dual moat of technical and market leadership."

Deepening Application Scenarios, 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 piece-picking, and depalletizing/palletizing workstations for logistics and manufacturing customers. Building 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 "hand-eye coordination" robotics technology through real-world deployment, enabling system integrators to provide users with more intelligent robotic products that truly reduce costs and increase efficiency.

Taking the bin picking scenario as an example, the team has overcome industry-wide technical obstacles such as highly reflective parts, difficult-to-clear corner objects, and non-standard bins, while eliminating the need for users to teach robot trajectories. This demonstrates three key product characteristics: precision, speed, and ease of use.

Building High-Standard, Scalable Delivery Systems

Over the past year, XYZ Robotics has seen rapid commercial deployment, with hundreds of projects launched domestically and internationally, including in the United States, Japan, and other countries. Coverage spans industries including automotive, 3C, e-commerce, consumer goods, pharmaceuticals, apparel, electronics, and chemicals, earning consistent recognition from industry-leading enterprises.

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

Chen Runze of Source Code Capital said: "We believe robotics technology will continue to benefit society, and we firmly support entrepreneurs driving cutting-edge robotics applications. Across numerous scenarios, we have observed that environmental perception and flexible manipulation capabilities are key limiting factors in robotics adoption. The XYZ Robotics team has long focused on tackling these critical challenges, continuously translating technical breakthroughs into standardized, easily deployable, and cost-effective products that upgrade infrastructure and productivity, creating lasting, real value for customers and partners."