ROOBO Funding, Investors & Competitors

ROOBO has raised $153M across 2 funding rounds, most recently a $53M Series B in September 2017.

See full ROOBO profile

Last ROOBO funding round

$53M

Series B · Sep 2017

Cumulative funding ROOBO raised

$153M

across 2 funding rounds

Key investors in ROOBO

ROOBO Overview

About ROOBO

ROOBO is a Beijing-headquartered artificial intelligence firm engineering consumer robots, smart home devices, and integrated systems for family services including cleaning, companionship, and education. Its portfolio features walking robots with voice interaction and vision capabilities deployed in Chinese households since 2016.


Founded

2014

HQ

ChinaBeijing

Website

roobo.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

ROOBO Funding History

ROOBO has raised a total of $153M across 2 funding rounds.

ROOBO's first fundraising round was a $100M Series A in September 2016. The most recent completed round was a $53M Series B in September 2017.

ROOBO funding rounds

ROOBO funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2017Series BSeven Seas Partners (lead)$53MROOBO is a Beijing-based AI solutions and robotics developer focused on creating an intelligent robot operating system called ROSAI, along with hardware products like language processing chips and consumer robots such as the PUDDING series (PUDDING BEANQ, PUDDING S), JELLY, DOMGY, and CI1006. The PUDDING robots are designed as bilingual home education and companion systems for children, with over 100,000 units sold for the two main models by 2017. The company aims to provide complete robotic solutions for smart home, healthcare, education, banking, and other verticals, positioning itself as a platform for AI robotics and IoT integration. In September 2017, ROOBO raised $53 million (RMB 350 million) in a Series B funding round led by Seven Seas Partners, following a $100 million Series A led by iFLYTEK the previous year, bringing total funding to approximately $153 million. Seven Seas Partners managing partner Jeff Xiong (former Tencent CTO) joined as CEO and chairman to drive strategic upgrades, including product enhancements, technology R&D, recruitment, and expansion into consumer and business markets. The investment reflects confidence in ROOBO's team expertise in AI, robotics, and Internet technologies. ROOBO showcased products at CES 2017, announcing a collaboration with Nuance for a multi-language version of PUDDING BEANQ, and maintains offices in Shenzhen, Suzhou, Chengdu, Seoul, Moscow, and Seattle. The Series B lifted the company's valuation close to $41 billion USD, as reported contemporaneously.
Sep 2016Series AiFlytek (lead)$100MROOBO, a Beijing-based smart robot developer also known as Intelligent Steward Technology, specializes in service robots for home and personal use, along with products like intelligent drones, VR headsets, and smart bone conduction headphones. The company has a team of 300 employees and operates 7 offices worldwide. In September 2016, ROOBO secured a $100 million Series A funding round led by iFlytek, a Shenzhen-listed Chinese software firm specializing in speech recognition. This investment formed a strategic partnership enabling ROOBO to integrate iFlytek’s intelligent speech and language recognition technology into its robots. The funding was widely reported across multiple sources as a significant milestone for ROOBO in the robotics sector, highlighting 2016 as a peak year for robotics startup investments. The partnership with iFlytek positioned ROOBO to advance AI-integrated robotics amid China's growing focus on smart hardware and service robots.

Who has invested in ROOBO?

2 investors have backed ROOBO across its funding rounds, including iFlytek and Seven Seas Partners.

Lead investors include Seven Seas Partners and iFlytek.


ROOBO Investors

Investors in ROOBO by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by ROOBO

ROOBO has acquired 1 company to date.

Last acquisition by ROOBO was on December 26th 2016. ROOBO acquired Yuntech for $29M.


Latest Acquisitions by ROOBO

Yuntech
Description
Yuntech is a developer of engineering project management software tailored for the construction industry in China. Its IT solutions support project planning, execution, and oversight, serving contractors and developers with specialized tools for infrastructure and building projects.
HQ CountryChina
HQ City
Beijing
Deal Date26 Dec 2016
Valuation$29M
EV/Revenue
EV/EBITDA

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Investments by ROOBO

ROOBO has invested in 2 companies to date.

Latest investment by ROOBO was on January 9th 2017. ROOBO invested in ChipIntelli in their $400K Angel round.


Latest Investments by ROOBO

ChipIntelli
En8848
Description
ChipIntelli is a Shenzhen-based leader in artificial intelligence speech chips. Its end-to-side voice processing solutions dominate the market, enabling hundreds of partners to integrate recognition technology into smart devices and IoT products.
En8848 delivers English language learning services to students worldwide.
HQ CountryChinaChina
HQ City
Chengdu
Beijing
Deal Date9 Jan 201719 May 2016
RoundAngelAngel
Raised$400K$500K
InvestorsQingyong Capital Management; Boyan fund; Healson TechnologyYouget Capital
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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ROOBO Competitors

ROOBO competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Figure, Skild AI, Shield AI and Saronic.

Public and private companies comparable to ROOBO
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
FigureUnited StatesSan Jose, CAPrivate--$39B-
Skild AIUnited StatesPittsburgh, PAPrivate$30M-$14B-
Shield AIUnited StatesSan Diego, CAPrivate$540M-$13B23.5x
SaronicUnited StatesAustin, TXPrivate$200M-$9.3B46.3x
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x

ROOBO Public Comps

ROOBO is still privately-owned, but its public comps include Apple, Tesla, Samsung, Dell, Sony, Stryker, Xiaomi, Panasonic, Nintendo and Lenovo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Tesla$95B$10B15.0x13.8x140.8x97.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Panasonic$52B$1.5B1.3x1.4x45.5x13.0x

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Common questions about ROOBO

When was ROOBO founded?ROOBO was founded in 2014.
Where is ROOBO headquartered?ROOBO is headquartered in Beijing, China.
Is ROOBO publicly listed?No, ROOBO is a private, VC-backed company.
How much funding has ROOBO raised?ROOBO has raised $153M across 2 funding rounds.
What was ROOBO's last funding round?ROOBO's last funding round was a $53M Series B in September 2017, led by Seven Seas Partners.
Who are ROOBO's investors?ROOBO's investors include iFlytek and Seven Seas Partners.
Which companies are comparable to ROOBO?Companies comparable to ROOBO include UBtech Robotics, Figure, Skild AI, Shield AI, Saronic and Infleqtion.
How many companies has ROOBO acquired?ROOBO has acquired 1 company, including Yuntech.
What was the largest acquisition by ROOBO?The $29M acquisition of Yuntech in December 2016 is the largest acquisition ROOBO has made to date.
How many companies has ROOBO invested in?ROOBO has invested in 2 companies, including ChipIntelli and En8848.
What was ROOBO's last investment?In January 2017, ROOBO invested in ChipIntelli's $400K angel round alongside Qingyong Capital Management, Boyan fund and Healson Technology.

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