JAKA Robotics aims to strengthen its international operations

JAKA Robotics aims to strengthen its international operations after its second fundraiser

Jaka Robotics said in April 2019 that it had raised $15 million in its Series B fundraiser and wanted to expand as the world’s second-largest economy prepares to modernize the advanced manufacturing sector.

Private equity firm SAIF Partners led the financing cycle, Young LI CEO of JAKA Robotics said in a statement without revealing the identity of the investors. Funding for the first half of 2019 came a year after the RMB 75 million Series A fundraiser, or $11.2 million. And that the proceeds of this fundraiser will be used to develop its sales both domesticly and internationally…