Shanghai-headquartered human-robot interaction startup Emotibot Technology Limited on Friday said it has received 200 million yuan ($30 million) in its Series C round of financing led by Bank of China’s Hong Kong-based subsidiary BOC International Holdings.
Bank of Communications arm BOCOM International Holdings Company participated as a new investor while return backer Lingfeng Capital also joined in the round.
Emotibot will use the funds towards product consolidation, commercialisation and partnership expansion.
Co-founded in 2015 by Kenny Chien, a Partner Director of Engineering at Microsoft, Emotibot is ramping up efforts to develop emotional AI robots driven by human-computer interaction and natural language technology.
Emotibot had raised $45 million in its Series B+ funding from V Fund, Puhua Capital, Lingfeng Capital, Zhong An Asset Management and others in 2019. Earlier in 2018, Emotibot had garnered $30 million in its Series B round from CDIB Venture Capital, Cathay Financial Holdings, Ecovacs and Advantech Capital in 2018.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on November 5-6, 2020.