MaHui | Mech-Mind Announces C+ Round Funding, Source Code Capital Co-Led B+ Round

#MaKe Key Updates from Source Code Capital and MaHui Members

Recently, MaHui member Mech-Mind announced the completion of its Series C+ funding round, led by a top-tier global investment institution with IDG Capital participating. This marks Mech-Mind's third major funding round within the past year, making it one of the companies with the highest funding amount, most comprehensive technical capabilities, most deployed cases, and broadest application areas in the global AI + industrial robotics sector. Source Code Capital co-led the company's Series B+ round and continued to increase its stake in the Series C round.

According to research reports from GGII Robotics Industry Research and睿工业 (Rui Industry), Mech-Mind ranked first in market share for 3D vision-guided industrial robots in China for two consecutive years in 2020 and 2021. Following this funding round, Mech-Mind will further enhance its product and service capabilities, expand industry applications, and better serve global customers.

Mech-Mind's self-developed high-performance industrial-grade 3D camera, Mech-Eye

Deep Technical Expertise, Comprehensive Product Stack

Mech-Mind has built substantial expertise across core technologies including optical/mechanical/electrical components, imaging algorithms, visual recognition algorithms, AI algorithms, robotics algorithms, and industrial software. It has developed a complete intelligent robotics infrastructure product stack, including the self-developed high-performance industrial-grade 3D camera Mech-Eye, graphical machine vision software Mech-Vision, deep learning platform software Mech-DLK, robot intelligent programming environment Mech-Viz, and AI smart meter reading system Mech-Meter. Through deliveries to over a thousand customers, the company has accumulated extensive practical application experience and has taken the global lead in achieving batch deployment of AI + industrial robotics across multiple applications and scenarios.

Pioneering large-scale AI + 3D applications across multiple industries, recognized by 1000+ global customers

Achieving Scalable Delivery Across Multiple Scenarios

Mech-Mind's typical applications that have achieved scalable delivery include: various types of random bin picking, vision-guided depalletizing, mixed carton palletizing, trajectory gluing/sealing, groove opening positioning, steel plate sorting/picking, positioning assembly, defect detection, high-precision measurement, arbitrary item grasping, express package feeding, and smart recognition of water/electric/gas/pressure meters. Its business covers logistics, automotive, construction machinery, 3C/semiconductor, new energy, steel, oil/petrochemical, power, and water utility sectors, and has entered international markets including Europe, the United States, Japan, South Korea, and Southeast Asia.

Typical applications of Mech-Mind

Customer-Centric, Long-Term Win-Win with Partners

Mech-Mind has nearly 700 employees with teams in Beijing, Shanghai, Hangzhou, Shenzhen, Guangzhou, Changsha, Qingdao, Zhengzhou, Jinan, Munich (Germany), Tokyo (Japan), and Chicago (United States). The company has established a high-standard in-house camera factory, along with complete delivery, training, and after-sales systems to respond promptly to global customer needs.

Mech-Mind's mission, vision, and values

Mech-Mind adheres to the value of long-term win-win with business partners and will continue to provide partners with powerful, reasonably priced, easy-to-use, and open/extensible intelligent robotics infrastructure products, as well as personnel training, reference solution design, exhibition support, and support for challenging projects, dedicated to helping partners enhance their competitiveness and grow together.

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