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

These investments follow a Series A round led by SoftBank in early 2021, making the total capital raised by the five year old startup over USD $62M alone in 2021. 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 $500 million 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.