News Snapshot:
Research Premium Chinese artificial intelligence (AI)-based robotics solutions provider XYZ Robotics has pocketed almost $40 million in a Series B+ round of financing following the rapid commercialisation of its products across various industries in the past year. China-focused private equity (PE) firm Capital Today led the Series B+ round, with participation from Gaorong Capital, 5Y Capital and Source Code Capital, the startup said in a statement on Monday. XYZ did not disclose its valuation after the investment, but the startup said it is now “unicorn-bound”, indicating a valuation close to $1 billion. With the completion of the Series B+ round,...
