Chinese collaborative robot maker FAIRINO has completed Series D financing led by Meituan, following a Series C+ round led by Meituan’s Long-Z investment arm. The company disclosed the latest financing in October, with proceeds supporting production expansion and industrial robotics development.
The two rounds together raised nearly RMB 1 billion. Other participating investors included Yongxin Capital and Suzhou Capital Group, while several existing backers increased their investments. The company did not disclose a separate amount for the Series D round.
FAIRINO will invest in manufacturing capacity for core components and products including its ART industrial force-controlled robotic arms and AIRLab embodied-intelligence platform. The funding also supports R&D and the expansion of its global business. [Cyzone, in Chinese]