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Chinese Consumer Robotics Company KEYi Tech Raises Tens of Millions of Dollars in Series B Financing


Chinese Consumer Robotics Company KEYi Tech Raises Tens of Millions of Dollars in Series B Financing
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BEIJING, July 30, 2021 /PRNewswire/ KEYI Technology Inc (KEYi Tech), a Chinese consumer robotics corporation, recently raised tens of millions of dollars in Series B financing. This round of financing was led by Xiaomi and Shunwei Capital, followed by existing shareholders Source Code Capital and BlueRun Ventures, with 100Summit Partners serving as the exclusive financial advisor.
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The funds from the Series B financing will be used to build a developer ecosystem and develop new products. The close partnership with Xiaomi allows KEYi Tech to develop robots by combining its advantages in robotic technologies and consumer robotics with Xiaomi s competence in artificial intelligence (AI) technologies and channel supply chain, said Yang Jianbo, founder and CEO of KEYi Tech. ....

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