China: Cloud robotic firm CloudMinds secures $30m seed financing

Image from CloudMinds.

Intelligent cloud robot developer CloudMinds has closed $30 million seed round of financing from SoftBank Group International, Hon Hai Precision Industry Co Ltd, Walden International and Kaixuan Capital, according to China News Network.

Cloud robots are created with a cloud-enabled intelligence engine and a network of mobile sensors to serve customers need.

“A robot with similar capabilities of a real human requires a computer system that may be one million times bigger in size than that of a human brain, which means the brain of a robot must be on the cloud,” Huang Xiaoqing, former head of China Mobile’s research division and founder of CloudMinds, told the Chinese media organisation.

CloudMinds is targeting to reveal a full-service housekeeping robot in 2025 to service individual families. The robot will be connected and controlled wirelessly through cloud computing, block chain and other innovative technologies.

The company has grew its team from twenty people to 100 people at present. It has offices in Silicon Valley, Tokyo, Beijing and Shenzhen.

According to McKinsey & Company’s prediction, advanced robotic applications in manufacturing, healthcare and services can add $1.7 trillion to $4.5 trillion per year by 2025.

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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. 
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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.