- Companies
- ROOBO
ROOBO Funding, Investors & Competitors
ROOBO has raised $153M across 2 funding rounds, most recently a $53M Series B in September 2017.
Last ROOBO funding round
$53M
Series B · Sep 2017
Cumulative funding ROOBO raised
$153M
across 2 funding rounds
Key investors in ROOBO
iFlytek
Seven Seas Partners
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2017 | Series B | Seven Seas Partners (lead) | $53M | ROOBO 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 2016 | Series A | iFlytek (lead) | $100M | ROOBO, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 ROOBO investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Beijing |
| Deal Date | 26 Dec 2016 |
| Valuation | $29M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all ROOBO acquisitions and their M&A valuation multiples. Start Free Trial | |
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
| 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 Country | ||
| HQ City | Chengdu | Beijing |
| Deal Date | 9 Jan 2017 | 19 May 2016 |
| Round | Angel | Angel |
| Raised | $400K | $500K |
| Investors | Qingyong Capital Management; Boyan fund; Healson Technology | Youget Capital |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all ROOBO investments and their VC round multiples. Start Free Trial | ||
ROOBO Competitors
ROOBO 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 |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $416B | $144B | 11.9x | 10.4x | 34.2x | 29.4x | |||
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $80B | $17B | 1.8x | 1.7x | 8.5x | 8.9x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $68B | $8.4B | 1.1x | 1.1x | 8.7x | 13.8x | |||
| $52B | $1.5B | 1.3x | 1.4x | 45.5x | 13.0x | |||
This data is available for Pro users. Sign up to see all ROOBO competitors and their valuation data. Start Free Trial | ||||||||
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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