FAIRINO Secures Series D Funding Led by Meituan
Chinese collaborative robot maker FAIRINO has completed a Series D funding round led by Meituan. The company, along with its previous funding round, raised nearly RMB 1 billion.
Chinese collaborative robot manufacturer FAIRINO has completed its Series D financing round, with Meituan leading the investment. This follows a Series C+ round also led by Meituan's investment arm, Long-Z. The company announced the latest funding in October, with proceeds designated for production expansion and industrial robotics development.
Collectively, the two funding rounds raised nearly RMB 1 billion (approximately $140 million USD). Additional investors in these rounds included Yongxin Capital and Suzhou Capital Group, while several existing backers increased their participation. FAIRINO did not disclose the specific amount raised in the Series D round.
The company plans to allocate the funds towards expanding manufacturing capacity for key components and products, such as its ART industrial force-controlled robotic arms and its AIRLab embodied-intelligence platform. The investment will also support research and development initiatives and the global expansion of FAIRINO's business operations.