CloudMinds Funding, Investors & Competitors

CloudMinds has raised $609M across 6 funding rounds, most recently a undisclosed-stage round in December 2025.

Last CloudMinds funding round

Undisclosed stage

Amount undisclosed · Dec 2025

Cumulative funding CloudMinds raised

$609M

across 6 funding rounds

Key investors in CloudMinds

  • SoftBank Group
  • Walden International
  • Foxconn
  • Guosheng Group
  • Keytone Ventures
  • JD.com
  • National Artificial Intelligence Industry Investment Fund
  • Knowledge City Venture Capital

CloudMinds Overview

About CloudMinds

CloudMinds is a Santa Clara, California-headquartered cloud robotics platform featuring HARIX AI, VBN 4G/5G networks, and RCU controls. Its XR-1 humanoid robot employs Smart Compliant Actuators for precise grasping, 2D/3D vision, and sensors enabling safe human interaction. Connected to the AI cloud brain, CloudMinds supports service robotics in healthcare, hospitality, and retail across Asia and North America.


Founded

2015

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

CloudMinds Funding History

CloudMinds has raised a total of $609M across 6 funding rounds.

CloudMinds' first fundraising round was a $30M undisclosed-stage round in May 2016. The most recent completed round was a undisclosed-stage round in December 2025.

CloudMinds funding rounds

CloudMinds funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2025Undisclosed stageNational Artificial Intelligence Industry Investment Fund (lead); JD.com--
Jul 2023Series CShui Mu Chun Jin; Guosheng Group; Knowledge City Venture Capital$139MCloudMinds is an AI and cloud computing company that has raised a total of $610.55M across 5 funding rounds from 24 investors. Its latest round was a Series C on July 6, 2023, raising $138.25M from China-Singapore Guangzhou Knowledge City, GS Capital, and Moom Capital, matching the queried investors Guosheng Group, Knowledge City Venture Capital, and Shui Mu Chun Jin.
Apr 2021Series BGuosheng Group (lead); Shanghai chengtou group (lead)$153MCloudMinds, a China-based robotic technology developer founded in 2015, raised over RMB1bn ($153m) in a series B-plus funding round co-led by Shanghai Chengtou Group and Guosheng Group, investment vehicles for Shanghai's municipal government. The company, backed by SoftBank and Foxconn, focuses on artificial intelligence-enabled robots connected via mobile-based cloud infrastructure, targeting applications in retail, security surveillance, and the service industry, with plans for consumer home assistance robots. In March 2020, US regulators blocked it from sharing US-originated technology with its China operations, leading to a rebrand of its US unit to Wright Robotics in August and sales through T-Mobile US. Previously, CloudMinds filed for a $500m IPO on the NYSE in July 2019, but the SEC declared it abandoned in February 2021 due to unmet clarification requests. Its prior $300m series B round in March 2019 included SoftBank’s Vision Fund, Anji Boye Investment Partnership, Lishui Boan Investment, Lishui Bojiang Furui Investment, Lishui Bojiang Chuangrui Investment, Chinalife Nova Investments, Fantino Investments, White Gloss, Matrix Partners China, Edintown Investments, Magic Flower Culture Communication, and Hicreat Group.
Feb 2019Series B-$186MCloudMinds is a China-based robotics technology developer specializing in cloud-based service robots for retail, education, healthcare, hospitality, and security applications. Founded in 2015 by Bill Huang, formerly of China Mobile Research Institute, the company offers products like the wheeled humanoid XR-1 Service Robot, Cloud Patrol security robot, and Cloud Pepper humanoid, delivered via a robotics-as-a-service model. It holds over 1,800 patents and develops technologies including the Hairui cloud robot OS and smart flexible joints. In March 2019, CloudMinds raised a $300M Series B round led by SoftBank Vision Fund, with participation from Anji Boye Investment, Lishui Boan Investment, Lishui Bojiang Furui Investment, Lishui Bojiang Chuangrui Investment, Chinalife Nova Investments, Fantino Investments, White Gloss, Matrix Partners China, Edintown Investments, Magic Flower Culture Communication, and Hicreat Group. This followed a $100M Series A in 2017 and $28M seed from SoftBank and Foxconn in 2016. For the period April 1 to May 31, 2019—shortly after the Series B—CloudMinds recognized $130.4M in revenue, primarily from its operations. The company filed for a $500M NYSE IPO in July 2019, but it was abandoned in February 2020 after SEC requests went unanswered. US-China tensions led to its addition to the US Entity List in 2019, prompting rebranding of US operations to Wright Robotics and partnerships like T-Mobile. Later, CloudMinds completed a Series B+ round in April 2021 raising over RMB1bn ($153M) led by Shanghai Urban Construction Investment and Guosheng Group. A Series C followed in July 2023 for $138.25M from China-Singapore Guangzhou Knowledge City, GS Capital, and Moom Capital, bringing total funding to $610.55M across five rounds.
Feb 2017Series AFoxconn; SoftBank Group; Keytone Ventures; Walden International$100MCloudMinds is a Chinese AI startup founded in 2015, developing a cloud-based AI service and 'cloud-based brain' for robotics, including humanoid models and immersive holographic experiences for cloud-connected smart machines. The company has its headquarters in Silicon Valley and focuses on an end-to-end ecosystem supporting robotics and AI applications. On February 25, 2017, CloudMinds raised a $100 million Series A investment round from previous investors including SoftBank, Foxconn (Hon Hai Precision Industry), Walden International, and Keytone Ventures. This followed earlier funding, bringing the total financing to approximately $130-131 million by April 2017. CloudMinds operated in the competitive Chinese AI and robotics market, with investors like SoftBank and Foxconn signaling strong backing for cloud robotics. Later developments included preparations for a Hong Kong IPO targeting up to $500 million, though not tied to this round.
May 2016Undisclosed stageFoxconn; SoftBank Group; Keytone Ventures; Walden International$30MCloudMinds is a Chinese AI and cloud robotics startup founded by the former head of China Mobile's research division, focusing on end-to-end smart robot management and cloud-based solutions connecting AI with the physical world. In May 2016, it raised approximately $30-31 million in a seed or angel/seed round from investors including SoftBank, Foxconn, Keytone Ventures (also referred to as Softbank China Venture Capital), and Walden International (or Walden Venture Investments). This funding positioned CloudMinds among notable robotics deals in Q2 2016, alongside other China-based startups like Yuejiang Technology and Quotient Kinematics Machines. The company later gained recognition as a top 10 AI firm with one of the highest valuations in 2017 and had raised a cumulative $131 million by later reports, indicating subsequent funding success.

Who has invested in CloudMinds?

10 investors have backed CloudMinds across its funding rounds, including SoftBank Group, Walden International, Foxconn, Guosheng Group, Keytone Ventures and JD.com.

Lead investors include National Artificial Intelligence Industry Investment Fund, Guosheng Group and Shanghai chengtou group.


CloudMinds Investors

Investors in CloudMinds by funding rounds participated
InvestorHQRoundsRoleFirst check
FoxconnTaiwanTaipei2ParticipantMay 2016
SoftBank GroupJapanTokyo2ParticipantMay 2016
Keytone VenturesChinaBeijing2ParticipantMay 2016
Walden InternationalUnited StatesSan Francisco, CA2ParticipantMay 2016
Guosheng GroupChinaShanghai2LeadApr 2021
Shui Mu Chun Jin--1ParticipantJul 2023
JD.comChinaBeijing1ParticipantDec 2025
National Artificial Intelligence Industry Investment FundChinaShanghai1LeadDec 2025

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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CloudMinds Competitors

CloudMinds competitors include listed companies like Infleqtion, Tempus AI and iFlytek, and private ones like Quantum Systems, Generalist AI and SambaNova.

Public and private companies comparable to CloudMinds
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Quantum SystemsGermanyGilchingPrivate$330M-$8B24.2x
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x
Generalist AIUnited StatesSan Francisco, CAPrivate--$3B-
Tempus AIUnited StatesUnited StatesPublicly listed$1.3B($131M)$15B10.1x
iFlytekChinaChinaPublicly listed$4B$465M$14B3.4x
SambaNovaUnited StatesSan Francisco, CAPrivate$100M-$11B-

CloudMinds Public Comps

CloudMinds is still privately-owned, but its public comps include Tesla, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Stryker, Adobe, Datadog and Moody's.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x

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Common questions about CloudMinds

When was CloudMinds founded?CloudMinds was founded in 2015.
Where is CloudMinds headquartered?CloudMinds is headquartered in Beijing, China.
Is CloudMinds publicly listed?No, CloudMinds is a private, VC-backed company.
How much funding has CloudMinds raised?CloudMinds has raised $609M across 6 funding rounds.
What was CloudMinds' last funding round?CloudMinds' last funding round was a undisclosed-stage round in December 2025, led by National Artificial Intelligence Industry Investment Fund.
Who are CloudMinds' investors?CloudMinds' investors include Foxconn, SoftBank Group, Keytone Ventures, Walden International, Guosheng Group, Shui Mu Chun Jin, JD.com, National Artificial Intelligence Industry Investment Fund, Shanghai chengtou group and Knowledge City Venture Capital.
Which companies are comparable to CloudMinds?Companies comparable to CloudMinds include Quantum Systems, Infleqtion, Generalist AI, Tempus AI, iFlytek and SambaNova.

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