Gaussian Robotics today announced that it has raised Series B financing of $100 million (U.S.). The Shanghai-based company, which was founded in 2013, claims to be the first one in the industry to provide simultaneous localization and mapping, or SLAM, for its cleaning robots.
The need for automated commercial cleaning is rising with aging workforces, expanding commercial real estate, and concerns about public hygiene, according to industry analysts.
In addition to robots for floor sweeping, vacuuming, and scrubbing, Gaussian Robot's Ecobot line includes mobile robots for disinfection, cleaning stone floors, and outdoor garbage collection. The company, sometimes referred to as Gaoxian, has also developed security and connected services.
Gaussian Robotics' systems are used in Chinese retailers and the Singapore Changi Airport, among other locations in 30 countries. It has also participated in the INCUBATE Partnership Programme of Singapore's National Environment Agency.
Gaussian Robotics growing with cleaning robot market
Longfor Group led Gaussian Robot's Series B round, with participation from Meituan and Tencent. The company previously announced $22 million in Series B+ financing led by Broad Vision Funds and China Capital Management in September 2020.
In 2018, Gaussian Robot reportedly completed Series A financing worth tens of millions of dollars, and it raised $15.4 million in funding a year ago.
The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 29% to reach $11 billion by 2030, predicts Guidehouse Insights. However, it's too soon to tell what the long-term impact will be of the COVID-19 pandemic on institutional cleaning.
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