Mech-Mind Robotics announced the completion of a nearly RMB 100 million Series B+ funding round, jointly invested by Source Code Capital and HSG.

源码资本·November 16, 2020·1·7

Focused on the R&D of AI-enabled intelligent solutions for industrial robots, it has become one of the fastest-growing and largest startups globally in the AI + industrial robotics space.

Mech-Mind Robotics (hereinafter referred to as Mech-Mind) announced the completion of a nearly RMB 100 million Series B+ funding round, with Source Code Capital and existing shareholder HSG participating. Mech-Mind had previously announced its Series B round from HSG earlier this year. The new capital will be used for technology innovation, product R&D, and enhancing customer service capabilities.

Mech-Mind Robotics focuses on developing AI-powered intelligent solutions for industrial robots. It has already built out a complete core technology stack for AI + industrial robots, including 3D cameras, visual AI algorithms, robot motion planning algorithms, and software designed for scalable deployment.

Founder and CEO Tianlan Shao stated: "Mech-Mind positions itself as a product-centric company. Through technological innovation in cameras, vision algorithms, and software, we aim to provide infrastructure for the automation industry and help system integrators deploy intelligent robots across numerous sectors — faster, better, and more cost-effectively. We remain committed to focus, openness, and win-win collaboration, making our full technical capabilities available to partners including system integrators, robot OEMs, AS/RS providers, and AGV manufacturers, dedicated to serving as a true enabler."

HSG Partner Colin Guo commented: "Through continuous technical iteration, the company's products have achieved the stability required of industrial-grade offerings. The Mech-Mind team has also demonstrated strong execution and adaptability throughout this process. We are pleased to continue supporting the company as an existing shareholder in this round, helping it become a leading industrial intelligence platform for '3D + AI industrial cameras + software.'"

A World-Class Team Building a World-Class Company

Founded in October 2016 by a Tsinghua University overseas returnee team, Mech-Mind Robotics is dedicated to bringing intelligence to industrial robots. The company is headquartered in Beijing and Shanghai, with branch offices or subsidiaries in Shenzhen, Qingdao, Changsha, and Munich, Germany.

The Mech-Mind team now exceeds 250 people. Its technical team includes numerous engineers from top domestic and international institutions such as Tsinghua University, Beihang University, Zhejiang University, Harbin Institute of Technology, Carnegie Mellon University, Technische Universität München, and Delft University of Technology. The company has deep expertise in 3D perception, vision and robot algorithms, robot software, and industry application solutions. Founder and CEO Tianlan Shao graduated with a bachelor's degree from Tsinghua University and earned his master's from Technische Universität München with the highest distinction. After graduation, he worked at a renowned German robotics company, contributing to the development of advanced collaborative robots.

Technology Driving Rapid Growth

Mech-Mind Robotics at work

In just over four years since its founding, Mech-Mind has grown rapidly alongside advances in AI technology. The company has received investments from HSG, Source Code Capital, Intel Capital, and Qiming Venture Partners, and has become one of the fastest-growing and largest startups globally in the AI + industrial robot space.

Proven Deployment Capability Wins Recognition from Industry Leaders

Mech-Mind has consistently combined advanced technology with practical applications. Its intelligent industrial robot solutions have been deployed across automotive, home appliances, steel manufacturing, food, logistics warehousing, pharmaceuticals, and finance — covering use cases such as depalletizing and palletizing, piece picking, machine tending, assembly, gluing, and positioning. The company has earned recognition from multiple industry-leading customers and has secured orders from Germany, Japan, South Korea, the United States, and other countries.

Xingchen Zhang of Source Code Capital said: "As a leader in AI + industrial robots, Mech-Mind not only has leading products and technology — including 3D cameras, AI algorithms, and trajectory planning — but also exceptional deployment capability, successfully applying its solutions across various industrial processes. We look forward to seeing Mech-Mind continue achieving new breakthroughs."