ForwardX Robotics: Venture funding as of December 2021
Robotics is undoubtedly going to be the bedrock for the future development of our human civilization not just on earth but also very much into the space around us. Even in Robotics, the growth of computer-powered automation is going to play a bigger role than the mechanical one. That is how we as a human race are going to reach the exponential growth that we expect in the next five decades.
And in relation to that here is an interesting Robotics startup and its venture funding information that I want to discuss and share in this blog post.
But before that down below given is a must-read introduction about the company ForwardX Robotics.
An official snippet about ForwardX Robotics: ForwardX Robotics is a global technology developer in the fields of AI and Robotics, with over 200 pending patents and a team of over 250, including 120 engineers of which 10 hold PhDs. With team members hailing from top universities and leading companies, ForwardX is comprised of the world’s top computer vision scientists and robotics experts as shown by its award-winning work, such as 2 1st-Place Prizes at TRECVID and 1st Place Prize for IEEE’s VOT-RT.
ForwardX is committed to creating value for its customers through the development of cutting-edge Autonomous Mobile Robotics. Offering a range of solutions, ForwardX aims to address a number of significant pain points for its customers within the logistics and manufacturing industries. These pain points include rising labor costs, difficulty in finding and filling jobs, inefficient processes and low productivity, rising safety concerns, and more. End of the snippet.
Well, that looks like good enough of an introduction, let’s now have a look at the numbers.
Down below is the complete breakdown of ForwardX Robotic’s funding details in the order of funding date, amount of money raised, and lead investor information.
- Date — December 1st, 2016 Angel round with $1M raised, and there is no information available on investor data.
- Date — May 29th, 2018 Series A round with $10M raised from CDH Investments and Eastern Bell Capital as the lead investor.
- Date — March 21st, 2019 Series B round with CN¥100M raised and there is no information available on investor data.
- Date — April 2nd, 2020 Series B round with $15M raised from China Merchants Capital as the lead investor.
- Date — March 23rd, 2021 Series B round with $38M raised from Angel Around, CDH Investments, and Dohold Capital as the lead investors.
- Date — December 14th, 2021 Series C round with $31M raised from Taikang Life Insurance as the lead investor.
As you can see, ForwardX Robotics has raised a total of $109.9 million U.S. dollars from a total of six different funding rounds with the latest one being from Taikang Life Insurance.
In my opinion, I think Robotics is a field of both business and science that needs more attention from the startup community across the globe.
Because in the field of Robotics I see the future growth of our human civilization like never before. Everyone from entrepreneurs to venture capitalists should start to focus on the Robotics industry and ensure that we have enough breakthroughs at regular intervals for a steady upward evolution.
I believe that company’s and startups like ForwardX Robotics are the need of the hour and their work in the field of Robotics with the power of Computer Intelligence is going to bring greatness and glory to our human race.
Kudos to ForwardX Robotics on their startup journey up until now, and I wish them the very best for all their future endeavors.
Thank you for reading this, and God Bless Everyone.
Intro About Myself
Bio: Genius, Polymath, Entrepreneur, Philosopher.