YouiBot, a 2018 graduate of HAX and Chinese industrial mobile robot maker, announced Tuesday that it had closed USD $47M in two Series B funding rounds led by FG Venture and PE firm Xicheng Jinrui.

These investments follow a Series A round led by SoftBank in early 2021, bringing the total capital raised by the five-year-old startup to over USD $62M in 2021 alone. YouiBot said the proceeds of this round will be used for research and development, team building, and market expansion. The financing will boost the company’s total fund raised to more than RMB $500M to date.

YouiBot now offers robots as a service in 26 provinces and cities across China and over 30 countries around the world, including Japan, Singapore, Spain, South Korea, and Germany.

Read more on Technode here.