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RoboForce, an AI robot company, completes a $52 million funding round led by YZi Labs
ChainCatcher News: Silicon Valley-based industrial robot company RoboForce announced the completion of a $52 million oversubscribed funding round, bringing the total funding to $67 million. The round was led by YZi Labs, with Yahoo co-founder and former CEO Jerry Yang participating. Existing investors, including Nobel laureate Myron Scholes, Qiming Venture Partners founding partner Gary Rieschel, and Carnegie Mellon University, also continued to participate. The new funds will be used to accelerate the development of the company’s next-generation robot foundational models, scale up general-purpose Physical AI robots, enhance manufacturing capabilities, and prepare for commercialization deployment.
The industrial sector is currently facing a growing labor shortage: many physically demanding, repetitive, and safety-risky jobs still rely on increasingly scarce human labor, leading to longer project cycles and increased safety risks. RoboForce’s solutions aim to take on these high-risk, monotonous tasks, with application scenarios including large solar power plants, data centers, mining, shipping, manufacturing, and logistics industries.