Intelligent robot maker raises funds as demand grows

International Intelligent Machines Co Ltd, a leading Chinese intelligent service robots developer and manufacturer, has announced it raised tens of millions of dollars in a Series A financing round, amid growing demand in the service robots market.

The new fundraising is backed by the China-Belarus industrial investment fund, managed by China Merchants Capital.

Proceeds from the new funding will be used for research, development and manufacturing of smart service robots in the property management and education sectors, system construction, channel deepening and team building.