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- Mech-Mind Robotics
Mech-Mind Robotics Valuation, Funding & Investors
Mech-Mind Robotics is valued at $858M as of August 2022.
Last Mech-Mind Robotics valuation
$858M
Series D · Aug 2022
Last Mech-Mind Robotics funding round
$70M
Series D · Aug 2025
Cumulative funding Mech-Mind Robotics raised
$342M
across 6 funding rounds
Key investors in Mech-Mind Robotics
HSG
Source Code Capital
Sequoia Capital
IDG Capital
Qiming Venture Partners
China Growth Capital
About Mech-Mind Robotics
Mech-Mind Robotics is a Chinese 3D vision company headquartered in Beijing that supplies industrial cameras and AI software for robotic bin picking, palletizing, and assembly. Founded in 2016, it deploys over 10,000 units across 50 countries for clients like ABB and Fanuc. Mech-Mind's Mech-Eye lasers capture point clouds for Mech-Vision algorithms handling random objects. The firm opened offices in Germany and the US for European automation markets.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$858M (Aug 2022)
Mech-Mind Robotics Valuation
Mech-Mind Robotics is currently valued at $858M, based on its Series D in August 2022.
Mech-Mind Robotics' valuation has moved from $1.1B at its Series C in September 2021 to $858M in August 2022, across 2 priced rounds.
Mech-Mind Robotics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series D | $858M |
| Sep 2021 | Series C | $1.1B |
Mech-Mind Robotics Funding History
Mech-Mind Robotics has raised a total of $342M across 6 funding rounds.
Mech-Mind Robotics' first fundraising round was a $50M Series A in April 2019. The most recent completed round was a $70M Series D in August 2025.
Mech-Mind Robotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2025 | Series D | Beijing Shanghe Momentum Private Equity Fund (lead); China Growth Capital (lead); CICC Capital (lead); Haihe Industrial Fund (lead); Hebei Structural Adjustment Fund (lead); Xiong'an Fund; Shanghai Nanxiang Chuangtou; Tianjin Venture Capital; Zhongshan Broad-ocean | $70M | - | Mech-Mind Robotics Technologies Ltd., a Chinese AI industrial robotics startup, completed a funding round on August 25, 2025, raising CNY 500 million with participation from investors including Beijing Shanghe Momentum Private Equity Fund, China Growth Capital, CICC Capital, Haihe Industrial Fund, Hebei Structural Adjustment Fund, Shanghai Nanxiang Chuangtou, Tianjin Venture Capital, Xiong'an Fund, and Zhongshan Broad-Ocean Motor. The company specializes in robotics infrastructure for the AI era, developing 3D cameras, 3D vision algorithms, deep learning, and motion planning technologies to modernize manufacturing and enable human-robot interaction. Products like the Mech-Eye Laser Industrial 3D Camera support high-quality 3D imaging for industrial applications. Mech-Mind provides comprehensive services including staff training, deployment planning, and collaboration on projects, with deployments serving nearly 1000 clients worldwide as of prior funding announcements. Previous funding history includes a Series C in May 2021 led by Meituan, bringing total funding over USD 100 million at that time, a Series D for $38M on August 1, 2022. |
| Aug 2022 | Series D | - | $38M | $858M | - |
| Sep 2021 | Series C | IDG Capital (lead); Meituan (lead); HSG; Source Code Capital | $155M | $1.1B | Mech-Mind Robotics, founded in 2016 and headquartered in Beijing with offices in Shanghai, Shenzhen, Qingdao, Munich, and Tokyo, develops AI-powered industrial robotics solutions integrating 3D cameras, machine vision algorithms, deep learning, and motion planning technology for manufacturing and logistics applications. The company serves major clients including Siemens, BMW, Haier, and DHL, and provides comprehensive services such as staff training and deployment planning. On September 27, 2021, Mech-Mind completed its Series C funding round raising approximately USD155 million (CNY1 billion), led by Meituan and IDG Capital, with participation from existing investors Sequoia Capital China and Source Code Capital. This round follows previous financings, including around CNY100 million (USD15.5 million) in Series B and B+ rounds led by Sequoia China in the prior year, bringing total funding to over USD100 million across four large-scale rounds in 1.5 years. Proceeds are earmarked for upgrading products, services, and delivery capabilities. Mech-Mind had nearly 430-500 employees at the time and had deployed products to nearly 1000 clients worldwide, demonstrating real-world experience in industrial applications. The company recently launched advanced products like the Mech-Eye Laser Industrial 3D Camera for high-quality 3D imaging in demanding environments. Mech-Mind operates in the growing industrial robotics market, which remains the largest global adopter according to the International Federation of Robotics, focusing on modernizing manufacturing through AI and human-robotics interaction. |
| Dec 2020 | Series B | Sequoia Capital; Source Code Capital | $15M | - | Mech-Mind Robotics is a China-based AI industrial robotics company that develops deep learning, 3D vision, and motion planning technology to add intelligence to industrial robots. The company provides an integrated solution combining 3D cameras, vision algorithms, motion planning software, and a code-less programming interface for manufacturing and logistics applications. In December 2020, Mech-Mind completed a Series B+ funding round led by Sequoia Capital China and Source Code Capital, raising approximately $15 million (almost RMB100 million). By May 2021, the company had raised over $100 million cumulatively across all funding rounds, establishing itself as one of the most heavily funded AI+ industrial robotics startups globally. As of 2020–2021, Mech-Mind served more than 200 customers across over 10 countries in industries including automotive, home appliances, steel, food, logistics, hospitals, and banks, with CEO Tianlan Shao noting the company had created visible business returns for nearly 1,000 clients worldwide. |
| Mar 2020 | Series B | HSG (lead) | $14M | - | Mech-Mind Robotics, a Beijing-based AI industrial robotics startup founded in 2016, develops 3D cameras, machine vision algorithms, software, and motion planning technology to enable intelligent applications like palletizing, depalletizing, order picking, machine tending, assembly, gluing, and locating for industrial robots. The company provides all-in-one solutions and empowers integrators with robot intelligence components, serving customers in automotive, home appliances, steel, food, logistics, hospitals, and banks. It works with robotics brands including ABB, FANUC, KUKA, Yaskawa, Staubli, Techman Robot, and Universal Robots. In March 2020, Mech-Mind announced a $14 million Series B round, followed by a $15 million Series B+ round backed by Sequoia Capital China and Source Code Capital, bringing total funding to approximately $40 million. Note: Sources list Sequoia and Source Code, not HSG as queried. The funds supported technology commercialization, global expansion, business capacity growth, and serving over 200 customers in more than 10 countries including China, Japan, South Korea, Germany, and the U.S. Less than 1% of the world's 2.7 million industrial robots had AI abilities per the 2020 World Robotics report, highlighting market potential. Mech-Mind was recognized in The Information's 50 Most Promising Startups list, ranking 3rd in the TI50 China Selection. By May 2021, it completed Series C funding led by Meituan, with participation from existing investors, raising total funding over $100 million and serving nearly 1000 clients worldwide. |
| Apr 2019 | Series A | Qiming Venture Partners (lead) | $50M | - | Mech-Mind Robotics is a Beijing-based AI industrial robotics company specializing in 3D vision, AI algorithms, and motion planning for industrial robots used in manufacturing, logistics, automobile assembly, auto parts, home appliances, steel, food, high-speed rail, e-commerce warehouses, and express centers. The company develops products like Mech-Eye 3D cameras, code-less programming interfaces, and vision-guided picking solutions for multiple SKUs. In 2019, Mech-Mind participated as the largest mainland China company at iREX, provided solutions to over 100 clients from 7 countries, mainly in manufacturing and logistics, and had over 150 employees with offices in Beijing, Shanghai, Munich, and plans for Japan. The specific A+ round in April 2019 led by Qiming Venture Partners is referenced in company announcements. Prior rounds included investments from Delian Capital and Galileo Venture. Subsequent funding included Intel Capital in August 2019, Sequoia Capital China leading a Series B of over 100 million RMB in March 2020 for R&D and global customer service expansion, a Series B+ of nearly RMB100m ($15.2m) from Source Code Capital and Sequoia in late 2020, and Series C starting April 2021 led by Meituan with total funding exceeding USD100 million by May 2021. Later rounds included Series C-II for $154.87M in September 2021, Series D for $38M in August 2022, and more up to Series E-II in 2025, accumulating over $222M across 11-14 rounds. The company has served nearly 1000 clients worldwide by 2021, focusing on empowering robotics integrators. |
Who has invested in Mech-Mind Robotics?
15 investors have backed Mech-Mind Robotics across its funding rounds, including HSG, Source Code Capital, Sequoia Capital, IDG Capital, Qiming Venture Partners and China Growth Capital.
Lead investors include Beijing Shanghe Momentum Private Equity Fund, China Growth Capital, CICC Capital, Haihe Industrial Fund, Hebei Structural Adjustment Fund and 4 other investors.
Mech-Mind Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2020 | ||
| 2 | Participant | Dec 2020 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Lead | Aug 2025 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Lead | Aug 2025 | ||
| 1 | Lead | Aug 2025 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Lead | Aug 2025 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Lead | Aug 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMech-Mind Robotics Competitors
Mech-Mind Robotics competitors include listed companies like Arcs Co and ODDITY Tech, and private ones like proteanTecs, Augury, Periodic Labs and Exodigo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $60M | - | $600M | 10.0x | ||
| Publicly listed | $4B | $185M | $1.3B | 0.2x | ||
| Private | $100M | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $25M | - | $700M | 28.0x | ||
| Publicly listed | $810M | $131M | $889M | 1.8x |
Mech-Mind Robotics Public Comps
Mech-Mind Robotics is still privately-owned, but its public comps include Hangzhou Sunrise Tech, Mesnac, ODDITY Tech, Beijing CTJ Info Tech, Beijing Haitian Ruisheng, Evolv Technologies, TOKYO KEIKI, LEM Holding, Kodiak AI and Rezolve AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $252M | $95M | 1.7x | 1.8x | 4.5x | 4.6x | |||
| $1.2B | $128M | 0.4x | - | 4.0x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $56M | $5M | 13.8x | 14.0x | 160.9x | - | |||
| $146M | ($9M) | 6.1x | 5.2x | (104.5x) | 62.9x | |||
| $393M | $46M | 2.3x | 2.1x | 19.4x | 17.7x | |||
| $350M | $53M | 2.5x | 2.4x | 16.6x | 13.3x | |||
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Common questions about Mech-Mind Robotics
| When was Mech-Mind Robotics founded? | Mech-Mind Robotics was founded in 2016. |
| Where is Mech-Mind Robotics headquartered? | Mech-Mind Robotics is headquartered in Beijing, China. |
| Is Mech-Mind Robotics publicly listed? | No, Mech-Mind Robotics is a private, VC-backed company. |
| What is Mech-Mind Robotics' valuation? | Mech-Mind Robotics was last valued at $858M in its Series D in August 2022. |
| How much funding has Mech-Mind Robotics raised? | Mech-Mind Robotics has raised $342M across 6 funding rounds. |
| What was Mech-Mind Robotics' last funding round? | Mech-Mind Robotics' last funding round was a $70M Series D in August 2025, led by Beijing Shanghe Momentum Private Equity Fund, China Growth Capital, CICC Capital, Haihe Industrial Fund and 1 other investor. |
| Who are Mech-Mind Robotics' investors? | Mech-Mind Robotics' investors include HSG, Source Code Capital, IDG Capital, Meituan, Haihe Industrial Fund, Qiming Venture Partners, Xiong'an Fund, Beijing Shanghe Momentum Private Equity Fund, CICC Capital, Sequoia Capital and 5 others. |
| Which companies are comparable to Mech-Mind Robotics? | Companies comparable to Mech-Mind Robotics include proteanTecs, Arcs Co, Augury, Periodic Labs, Exodigo and ODDITY Tech. |
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