China's robot startup Gaussian raises $188m from softbank

Chinese cleaning robot manufacturer Gaussian Robotics has completed its C round of financing, raising up to 1.2 billion yuan (US$188 million) in funding. The company said on Wednesday that this is Gaussian's third round of financing within a year.

SoftBank Vision Fund 2 and Capital Today, a fund that focuses on the Chinese market and manages US$200 million in assets, jointly lead the transaction

This round also saw the participation of a new investor]inyi Capital, while existing backers such as consumer goods and retail services giant Meituan, early-stage venture capital firm Bluerun Ventures, and Hong Kong-listed Far East Horizon's investment tool Grand Flight have regained financing Have investment

In addition to providing financial support, the SoftBank Vision Fund has also purchased thousands of cleaning robots from Goss to help it expand overseas markets.

Gaussian Robotics was founded by Cheng Haotian in 2013 to design and produce intelligent cleaning robots for the industry. lts products are exported to more than 40 countries.

Gaussian's cleaning robot products occupy more than 80% of the domestic market and are widely used in office buildings. hotel. Hospitals, logistics, public transportation, property management, etc.

Gaussian is headquartered in Shanghai and has established offices in Hong Kong, Singapore and the Netherlands.

In early April this year, Bluerun and real estate developer Longfor Capital invested "tens of millions of dollars" in Gaussian's B++ round of financing. Before that, in 2020, Meituan teamed up with Tencent and online travel agency Ku Xun to conduct an undisclosed equity financing in Goss.