IDG, GSR, ZhenFund invest $23m in China’s Zero Zero Robotics

Zero Zero Robotics Hover Camera

China’s Zero Zero Robotics has raised $25 million in a funding exercise that included a $23 million Series A by IDG, GSR VenturesZhenFund and ZUIG, as well as other undisclosed investors, the company said in a statement.

Zero Zero Robotics is a firm that says it is pioneering consumer-friendly flying smart robotics. The company has also unveiled its first product, Hover Camera, a consumer-friendly autonomous flying camera designed to be safe and portable.

Hover Camera is an artificially intelligent, flying camera built using proprietary Embedded AI technology to capture fun, unique perspectives and exciting memories.

“We want to combine radical AI technology and small flying robotics to create products that empower people to enhance their livelihood, and Hover Camera is a very exciting first step towards accomplishing our much larger mission. We’re excited that this round of funding will allow us to introduce the public to Hover Camera, push the boundaries of what’s possible, and reimagine the future of what truly autonomous flying devices can be,” chief executive officer Meng Qiu Wang said.

“There have been a number of flying cameras on the market, but Zero Zero Robotics has for the first time created a product with state-of-the-art technology that we think will power the future of autonomous devices. We’re confident that this team is equipped with the deep engineering experience required to pioneer the future of consumer robotics, and we look forward to seeing how Hover Camera will expand the boundaries of its users’ creativity,” GSR managing director Richard Lim commented.

Wang, who co-founded Zero Zero Robotics in 2014 with Tony Zhang is a former Twitter software engineer. Both are Stanford PhD holders.

The firm is headquartered in Beijing, with offices in San Francisco, Shenzhen, and Hangzhou.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.