Source Code Capital portfolio company Mech-Mind raises 1 billion yuan, with existing investor Source Code Capital continuing to increase its stake

源码资本·September 27, 2021·0·5

Make intelligent robots ubiquitous.

Mech-Mind has recently raised nearly RMB 1 billion in another funding round. This Series C round was led by Meituan and IDG Capital, with existing investors HSG and Source Code Capital participating. Taihe Capital continued to serve as the exclusive financial advisor. Over the past year and a half, Mech-Mind has secured four major funding rounds, becoming one of the most funded companies globally in the AI-powered industrial robotics space. Source Code Capital was a co-lead investor in the company's Series B+ round and has continued to increase its stake in the Series C round.

Mech-Mind positions itself as an intelligent robotics infrastructure company, with deep expertise across core technologies including optical/mechanical/electrical components, imaging algorithms, visual recognition algorithms, robotics algorithms, and industrial software. It has also established high-standard in-house camera manufacturing, delivery, training, and after-sales systems. The company now has nearly 500 employees, with teams in Beijing, Shanghai, Shenzhen, Guangzhou, Changsha, Qingdao, Munich, and Tokyo.

Mech-Mind aims to help numerous robotics solution providers and system integrators build intelligent robotics applications faster, better, and more cost-effectively through comprehensive, high-performance, easy-to-use, and competitively priced products, backed by open and dedicated service.

Mech-Mind's Mission, Vision, and Values

Mech-Mind Products and Services

Mech-Mind has developed a full stack of intelligent robotics infrastructure products, including 3D cameras, machine vision algorithms and software, and intelligent robot programming environments, while accumulating extensive hands-on experience through the delivery of thousands of application cases.

Mech-Eye Laser Industrial Laser 3D Camera Introduction Video

Point cloud images of typical workpieces (crankshafts, track links, structural parts) and cartons, generated by the new-generation Mech-Eye Laser industrial laser 3D camera

Mech-Mind's scaled deployments include: various types of random bin picking, vision-guided depalletizing, mixed carton palletizing, deep learning-based defect detection, high-precision 3D measurement, steel plate sorting, vision-guided assembly/gluing/sealing/beveling/screwdriving/labeling, and registration-free multi-SKU item sorting. The company has also expanded into overseas markets including Japan, Germany, South Korea, Spain, the United States, and Southeast Asia.

Mech-Mind is committed to long-term, mutually beneficial partnerships with its business partners. Beyond providing products and delivery support to robotics solution providers and system integrators, the company also offers in-depth partners staff training, reference solution design, trade show support, and assistance with challenging projects. With the most open approach, it strives to "teach people to fish" while wholeheartedly supporting partner business development, maintaining industry order, helping partners enhance their competitiveness, and growing together.