Mech-Mind Robotics Closes $155M Series C Funding for Robotic Vision

Mech-Mind plans to use funding to expand computer vision offerings for robotic picking.

Mech-Mind Robotics


Mech-Mind said it can help logistics customers sort orders and that its software can be integrated easily with warehouse management systems.
Mech-Mind Robotics said it has raised $155 million in Series C1 funding for its computer vision products and services to help logistics and manufacturing with picking.

Mech-Mind Robotics Technologies Ltd. this week said that it has raised nearly 1 billion yuan ($155 million U.S.) in Series C1 funding. The Beijing-based company said it will use the financing to improve its computer vision products, services, and delivery capacity.

Founded in 2016, Mech-Mind said it now has nearly 500 employees worldwide. It provides 3D cameras, machine vision software, and deep learning algorithms. It also offers motion-planning technology, programming models, and consulting and training services.

The company said manufacturing and logistics customers can use its systems for mixed-order picking, palletizing and depalletizing, and machine tending. It claimed that its systems can attain picking speeds of 1,200 pieces per hour.

In July, MechMind released its new Mech-Eye Nano, a small camera than can be mounted on robot arms for pick-and-place and other operations in manufacturing. It has worked with Siemens on using simulation to develop its products. 

Mech-Mind adds to existing funding

In May, Mech-Mind said it had already raised a total of more than $100 milllion. At the time, the company claimed that it was “one of the world's most funded AI+ industrial robotics startups.”

IDG Capital and Meituan led Mech-Mind's Series C1 round, with participation from returning investors Sequoia Capital China and Source Code Capital. Taihecap was an investment bank advisor.

Mech-Mind said it serves verticals such as automotive, home appliance, food and beverage, and pharmacy. The company's customers include BMW, DHL, Honeywell, Siemens, and Yaskawa.

Mech-Eye Nano is equipped with fast structured light to can generate complete, detailed, and accurate point cloud with native and aligned color for a wide variety of objects, including tiny, shiny, reflective, and colored objects.

Email Sign Up

Get news, papers, media and research delivered
Stay up-to-date with news and resources you need to do your job. Research industry trends, compare companies and get market intelligence every week with Robotics 24/7. Subscribe to our robotics user email newsletter and we'll keep you informed and up-to-date.

Mech-Mind Robotics

Mech-Mind said it can help logistics customers sort orders and that its software can be integrated easily with warehouse management systems.


Robot Technologies