Yimu Tech, a Chinese developer of tactile sensing hardware and software for embodied-intelligence systems, has completed a Series E financing round of more than RMB1 billion, bringing its valuation above RMB10 billion. The financing was jointly backed by multiple leading RMB funds, USD funds and industrial investors.
The company is developing tactile sensing materials, chips, algorithms and models for robotic applications. The new capital will support further research and development, as well as the mass production and delivery of orders for its production lines. [36Kr, in Chinese]