Collaborative robot manufacturer Fao Robot received over $50 million in Series B investment

Collaborative robot manufacturer "Fao Robot" announced the completion of over $50 million in Series B financing. This round of financing was led by Source Code Capital, with participation from Alibaba and Meituan Longzhu. Continuous follow-up, Yuanqi Capital served as the long-term exclusive financial advisor. The funds will be mainly used for production capacity enhancement and software team expansion.