[December 31, 2020] General-purpose Robotics Company Flexiv Closes Series B Funding of Over 100M USD SANTA CLARA, Calif., Dec. 31, 2020 /PRNewswire/ --Â World-leading general-purpose robotics company Flexiv Ltd. has closed an over 100m USD Series B round with major investors including Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures and Plug and Play, marking the largest single-round fundraising ever in the field of general-purpose robotics. "The strategic funding from leading companies and funds in various industries will mainly be used for mass production and marketing, new market development, and cutting-edge R&D. We will continue focusing on automation transformation of the manufacturing industry, while exploring new applications in a broader range of industries including services, agriculture, logistics, medical care, and so on. With business opportunities from new investors that cover almost every industry, we will be able to develop and refine our products and robot AI in a diversity of real application scenarios, which greatly benefits our development of the most advanced general intelligence and robotics technology," said Shiquan Wang, co-founder and CEO of Flexiv.