Robert Bosch Venture Capital Leads Growth Funding Round in MegaRobo
Robert Bosch Venture Capital (RBVC), the corporate venture capital company of the Bosch Group, leads a growth financing round in MegaRobo. The Chinese high-tech robotic company with over 100 full time employees is headquartered in Beijing and integrates machine vision and AI to provide modular and affordable automation solutions for lab automation, smart retail and light industrial sectors.
“MegaRobo's technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC Managing Director Ingo Ramesohl. “Beyond these applications, we see many other opportunities for cooperation between MegaRobo and Bosch”.
MegaRobo builds its solutions upon proprietary motion control technologies with close to 100 patents. Based on these core technologies, the company offers cost-effective collaborative robots that address a variety of new industries. The robots are safe, easy to use, integration-friendly and are already actively used in laboratory automation, intelligent retail and the manufacturing industry.
MegaRobo’s prime target market is life science, which includes some of the fastest growing areas, e.g. genomic sequencing, biopharmaceuticals and in-vitro diagnostics (IVD). Laboratory automation is increasingly being applied to enhance productivity, improve staff safety, minimize errors and lower operational cost.
Traditional industrial robots are designed for highly standardized working environments, where robots are programmed to perform repetitive tasks on the factory floor. MegaRobo targets to introduce robots to non-conventional scenarios by integrating the latest AI and machine vision technologies and redesigning the robots from the ground up with the end-users in mind. It is the company’s goal to bring robots into more and more industries where people can benefit from this liberating technology.