Sat. Sep 23rd, 2023
    Daimon Robotics Secures Hundred Millions CNY in Angel Funding Round

    Daimon Robotics, a research and experimental development company, announced the completion of a substantial funding round. The company focuses on the research, development, and production of commercial humanoid robots, providing innovative solutions for intelligent manufacturing, logistics, and commercial services utilizing cutting-edge technologies such as computer vision, artificial intelligence, and intelligent control.

    Daimon Robotics is set to launch a humanoid operating robot that can replace humans in performing refined operational tasks. Through past algorithm technology and experience accumulation, the company has achieved independent research and development in the perception control of the robot core. The robot boasts breakthroughs in biomimetic multi-dimensional tactile sensors and agile operation technology, allowing it to achieve hand-foot coordination and overall balance.

    The global humanoid robot market is expanding rapidly, with a size estimated at USD 1.62 billion in 2022. It is projected to reach USD 28.66 billion by 2032, fueled by the growing demand for professional service robots and increasing investments in the technology sector.

    Competing alongside Daimon Robotics in the market are companies like UBTECH Robotics, Softbank Robotics, Avatar Mind, Boston Dynamics, Robo Garage, PAL Robotics, and Shadow Robot.

    Daimon Robotics’ investment manager, Xigeng Deng, emphasizes the company’s focus on intellectual property barriers and academic accumulation around the three core technologies of “sensory control drive.” This enables the company to maintain a long-term technological advantage in the humanoid race, making it a truly “fully humanoid” robot company, rather than merely humanoid in appearance.

    The funding round for Daimon Robotics was exclusively invested by Kinzon Capital. The funds raised will be primarily used for market promotion, mass production of the first-generation humanoid handling robot, and research and development of subsequent humanoid operations products.

    – Precedence Research