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- Keenon Robotics
Keenon Robotics Funding, Investors & Competitors
Keenon Robotics has raised $229M across 2 funding rounds, most recently a $200M Series D in September 2021.
Last Keenon Robotics funding round
$200M
Series D · Sep 2021
Cumulative funding Keenon Robotics raised
$229M
across 2 funding rounds
Key investors in Keenon Robotics
SoftBank Group
Source Code Capital
Yunqi Partners
Walden International
Prosperity7 Ventures
iVision Ventures
CICC Alpha
Shanghai International Group (SIG)
About Keenon Robotics
Keenon Robotics is a Beijing-headquartered developer of commercial service robots deployed in hotels, restaurants, and healthcare facilities globally. Its product line includes delivery robots like T5 and Quattro, disinfection models, and cleaning bots equipped with SLAM navigation and 5G connectivity. The company has installed over 30,000 units in China, Japan, Europe, and the Middle East, partnering with chains such as KFC and Marriott.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Keenon Robotics Funding History
Keenon Robotics has raised a total of $229M across 2 funding rounds.
Keenon Robotics' first fundraising round was a $29M Series B in December 2019. The most recent completed round was a $200M Series D in September 2021.
Keenon Robotics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2021 | Series D | SoftBank Group (lead); Prosperity7 Ventures; CICC Alpha | $200M | Keenon Robotics, founded in 2010, is a China-based leader in service robotics, developing AI-powered delivery robots for industries including catering, hospitality, healthcare, entertainment, real estate, hotels, and hospitals. The company uses automation, AI, and machine learning to handle repetitive tasks like food delivery, with products deployed in contactless scenarios accelerated by COVID-19. Keenon operates in markets across China, the United States, Europe, South Korea, Singapore, Canada, the United Kingdom, France, Italy, and Japan, having shipped over 20,000 units worldwide by September 2021. On September 15, 2021, Keenon raised $200 million in its Series D funding round, led by SoftBank Vision Fund 2, with participation from CICC Alpha and Prosperity7 Ventures, a growth equity fund of Aramco Ventures. This was described as the largest funding round to date in the service robot sector in China, bringing total funding to approximately $244 million. China Renaissance served as the exclusive financial advisor. Previous rounds included a $15.3 million Series C led by SoftBank Ventures Asia in December 2020 and a $28.3 million Series B in March 2020 from Walden International, Source Code Capital, Shanghai S&T, iVision Ventures, and Yunqi Partners. The proceeds are allocated to advance in-house R&D for new efficient and cost-saving applications, expand into new markets, enhance supply chain development, scale robot functionalities across scenarios, and boost revenue growth. Investors highlighted Keenon's technological moat from early market entry, core tech, supply chain, channels, and services, positioning it to drive the smart autonomous delivery revolution and increase productivity globally. The service robot market in China was forecasted to reach RMB 30.3 billion in 2021 and RMB 60 billion by 2023, driven by visual-guided and accompanying robots, amid competition from rivals like PuduTech. |
| Dec 2019 | Series B | Source Code Capital (lead); iVision Ventures; Walden International; Yunqi Partners; Shanghai International Group (SIG) | $29M | Keenon Robotics, established in 2010 and headquartered in Shanghai, develops commercial service robots including delivery robots (T1), guiding robots (G1, G2), and hotel robots (G3), with nine products serving catering, hospitality, and other sectors. The company maintains full ownership of its supply chain for cost-effective mass production and operates in over 400 cities in China plus international markets like the US, Canada, Europe, Japan, and South Korea. In February 2019, Keenon conducted a Pre-B funding round, described as adding up to a total investment of more than US$28 million when combined with prior rounds, involving investors including Yunqi Partners and iVision Ventures. In 2019, Keenon delivered more than 3,000 robots for food and beverage delivery and shopping guidance, generating revenue of around US$14 million, and targeted 10,000 robot sales in 2020. It provided solutions to over 1,000 companies. The company continued raising capital, completing a Series C in late 2020 with SoftBank Ventures Asia and Alibaba, and a Series D for $200 million in September 2021 led by Vision Fund. |
Who has invested in Keenon Robotics?
8 investors have backed Keenon Robotics across its funding rounds, including SoftBank Group, Source Code Capital, Yunqi Partners, Walden International, Prosperity7 Ventures and iVision Ventures.
Lead investors include SoftBank Group and Source Code Capital.
Keenon Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Dec 2019 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Dec 2019 | ||
| 1 | Participant | Dec 2019 | ||
This data is available for Pro users. Sign up to see all 8 Keenon Robotics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKeenon Robotics Competitors
Keenon Robotics competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Figure, Skild AI, Shield AI and Saronic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $39B | - | ||
| Private | $30M | - | $14B | - | ||
| Private | $540M | - | $13B | 23.5x | ||
| Private | $200M | - | $9.3B | 46.3x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
Keenon Robotics Public Comps
Keenon Robotics is still privately-owned, but its public comps include Tesla, Stryker, Unitree Robotics, Zebra, Aurora Innovation, Cognex, Aptiv, Mobileye, Symbotic and UBtech Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $253M | $55M | 118.8x | - | 548.5x | - | |||
| $5.4B | $853M | 3.6x | 3.2x | 22.6x | 13.8x | |||
| $3M | ($786M) | 3957.3x | 1040.1x | (15.1x) | (15.5x) | |||
| $994M | $214M | 10.0x | 9.0x | 46.4x | 31.7x | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
This data is available for Pro users. Sign up to see all Keenon Robotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Keenon Robotics
| When was Keenon Robotics founded? | Keenon Robotics was founded in 2010. |
| Where is Keenon Robotics headquartered? | Keenon Robotics is headquartered in Shanghai, China. |
| Is Keenon Robotics publicly listed? | No, Keenon Robotics is a private, VC-backed company. |
| How much funding has Keenon Robotics raised? | Keenon Robotics has raised $229M across 2 funding rounds. |
| What was Keenon Robotics' last funding round? | Keenon Robotics' last funding round was a $200M Series D in September 2021, led by SoftBank Group. |
| Who are Keenon Robotics' investors? | Keenon Robotics' investors include iVision Ventures, SoftBank Group, Prosperity7 Ventures, CICC Alpha, Walden International, Yunqi Partners, Shanghai International Group (SIG) and Source Code Capital. |
| Which companies are comparable to Keenon Robotics? | Companies comparable to Keenon Robotics include UBtech Robotics, Figure, Skild AI, Shield AI, Saronic and Infleqtion. |
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