- Companies
- XYZ Robotics
XYZ Robotics Funding, Investors & Competitors
XYZ Robotics has raised $103M across 4 funding rounds, most recently a $40M Series B in June 2022.
Last XYZ Robotics funding round
$40M
Series B · Jun 2022
Cumulative funding XYZ Robotics raised
$103M
across 4 funding rounds
Key investors in XYZ Robotics
Gaorong Capital
5Y Capital
Source Code Capital
Sinovation Ventures
Capital Today
Eudaimonia Capital
New Wheel Capital
J. Andrew Bagnell
About XYZ Robotics
XYZ Robotics is a Shanghai-headquartered developer of machine vision and AI software for industrial robots since 2018. Its platform powers depalletizing, palletizing, piece picking, and assembly tasks for clients in automotive, e-commerce, pharmaceuticals, and 3PL logistics across China and globally.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
XYZ Robotics Funding History
XYZ Robotics has raised a total of $103M across 4 funding rounds.
XYZ Robotics' first fundraising round was a $8M Series A in August 2019. The most recent completed round was a $40M Series B in June 2022.
XYZ Robotics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Series B | Capital Today (lead); Gaorong Capital; 5Y Capital; Source Code Capital | $40M | XYZ Robotics, founded in June 2018 and headquartered in Shanghai, China, develops AI-enabled robotic perception and manipulation technology, focusing on industrial 3D vision products including real-time motion planning, logistics picking, de-stacking workstations, and solutions for bin picking, mixed stacking, and SKU disassembly/sorting for logistics and manufacturing customers. The company leverages advantages in 3D vision algorithms, sensor design, motion planning, and code-free interfaces to enable hand-eye coordination in robots, empowering system integrators with intelligent, cost-reducing solutions across industries like automotive, 3C electronics, e-commerce, cosmetics, pharmaceuticals, garments, consumer goods, chemicals, and more. In June 2022, XYZ Robotics closed a nearly $40 million Series B+ financing round led by Capital Today, with participation from Gaorong Capital, 5Y Capital, and Source Code Capital, bringing total funding raised to over $100 million across multiple rounds. The proceeds are intended to expand business operations, refine core technologies, strengthen R&D, improve market service response, optimize operational efficiency, and capture greater market share in the evolving '+ AI' era for visual robots. The round followed rapid business progress, including soaring market share, high-value customer repurchases, and additional investments from existing shareholders within six months. The company has deployed hundreds of projects domestically in China and internationally in the US, Japan, and elsewhere, demonstrating technical verification in complex scenarios and high-standard project management, delivery, training, and after-sales support. Competitors include MaiRui Robotics, SMARTSORT, DST-conn Tech, Dexterity, RightHand Robotics, Magazino, Multiway Robotics, Mech-Mind, Senad, and Plus One Robotics. |
| Jul 2021 | Series B | Gaorong Capital; 5Y Capital; Source Code Capital | $35M | XYZ Robotics, founded in June 2018 and headquartered in Shanghai, specializes in industrial 3D visual products, logistics picking, de-stacking workstations, and robotic hand-eye coordination technology for logistics and manufacturing sectors. The company provides one-stop solutions for 3D visual sorting, including bin picking, mixed stacking, unpacking, palletizing, industrial loading/unloading, and assembly, leveraging advantages in 3D vision algorithms, sensor design, motion planning, and code-free interfaces to enable intelligent, flexible robots that reduce costs and boost efficiency. In July 2021, XYZ Robotics completed a Series B or B+ financing round, raising approximately $35-40 million, led by Capital Today with participation from existing investors Gaorong Capital, 5Y Capital, and Source Code Capital. This round brought the company's total funding to over $100 million. The funds were intended to expand business, enhance R&D, sales, delivery systems, and team growth to deepen technology in logistics and manufacturing. The company had demonstrated strong traction by mid-2021, with market share growth, rapid repurchases from high-value customers, and implementation of hundreds of projects across China, the US, Japan, and other countries in industries like automotive, 3C electronics, e-commerce, cosmetics, pharmaceuticals, apparel, consumer goods, electronics, and chemicals. Its technology handled complex tasks such as highly reflective parts and non-standard baskets at speeds up to 1,800 pieces per hour, earning approval from industry leaders and additional investments from senior shareholders within six months. Post-financing, XYZ Robotics' valuation rose significantly to a 'quasi-unicorn level' leading the industry. The startup positioned itself as a leader in robotic eye-hand coordination, with plans to refine core technologies and expand globally amid a tech investment boom in smart machinery. |
| Aug 2020 | Series A | Source Code Capital (lead); Gaorong Capital; Eudaimonia Capital; 5Y Capital | $20M | XYZ Robotics, founded in 2018 in Boston (with operations in Shanghai), develops advanced 3D vision systems, robotic arms, and end-of-arm tooling for pick-and-place applications in logistics, warehousing, e-commerce, manufacturing, and other sectors. The company specializes in hand-eye coordination technology enabling robots to pick diverse items like cosmetics, electronics, and medical goods with high throughput—up to 900 pieces per hour for items under 350 grams, surpassing human limits. Its solutions include automated picking stations, depalletizing systems, and swappable grippers for flexible deployment. The core team, including CEO Zhou Jiaji (Carnegie Mellon), CTO Peter Kuan-Ting Yu (MIT), and CFO Xingliang Libo (Peking University), has a strong track record, ranking top three in Amazon Robotics Challenges for three years. In August 2020, XYZ Robotics raised approximately $17-20 million in an oversubscribed Series A+ round led by Source Code Capital, with participation from Gaorong Capital and Morningside Capital (noted as Eudaimonia Capital in some contexts, though primarily Morningside). This followed a prior $8 million Series A, bringing total funding to about $27 million at that point. Funds were allocated to R&D for enhancing perception and grasping technologies, business development, sales expansion, team growth, and operational scaling to push toward mass production readiness. The 2020 funding aligned with growing demand for warehouse automation amid e-commerce booms. XYZ had secured projects with leading logistics and retail firms, demonstrating commercial traction beyond lab prototypes. By 2020, the company reported revenue of $4.4M to $7.7M, reflecting early market penetration. Competitors include RightHand Robotics, Dexterity, MaiRui Robotics, and Plus One Robotics. Subsequent developments included a Series B+ round of nearly $40 million in 2022 led by Capital Today, with 5Y Capital, Gaorong, and Source Code, pushing cumulative funding over $100 million and elevating valuation significantly. |
| Aug 2019 | Series A | 5Y Capital (lead); Gaorong Capital (lead); Sinovation Ventures; New Wheel Capital; J. Andrew Bagnell | $8M | - |
Who has invested in XYZ Robotics?
8 investors have backed XYZ Robotics across its funding rounds, including Gaorong Capital, 5Y Capital, Source Code Capital, Sinovation Ventures, Capital Today and Eudaimonia Capital.
Lead investors include Capital Today, Source Code Capital, 5Y Capital and Gaorong Capital.
XYZ Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Aug 2019 | ||
| 4 | Lead | Aug 2019 | ||
| 3 | Lead | Aug 2020 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Lead | Jun 2022 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialXYZ Robotics Competitors
XYZ Robotics competitors include listed companies like SAP and Snowflake, and private ones like The Bot Company, Relativity Space, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $4.2B | - | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x |
XYZ Robotics Public Comps
XYZ Robotics is still privately-owned, but its public comps include CrowdStrike, SAP, Siemens, Salesforce, Schneider Electric, ABB, Hitachi, ServiceNow, Snowflake and Mitsubishi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $91B | $15B | 3.0x | 2.9x | 18.1x | 15.7x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $46B | $9.5B | 4.3x | 3.9x | 21.0x | 18.4x | |||
| $33B | $6.9B | 5.4x | 4.9x | 25.9x | 22.6x | |||
| $68B | $11B | 2.2x | 2.2x | 13.8x | 13.5x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
This data is available for Pro users. Sign up to see all XYZ Robotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about XYZ Robotics
| When was XYZ Robotics founded? | XYZ Robotics was founded in 2018. |
| Where is XYZ Robotics headquartered? | XYZ Robotics is headquartered in Boston, MA, United States. |
| Is XYZ Robotics publicly listed? | No, XYZ Robotics is a private, VC-backed company. |
| How much funding has XYZ Robotics raised? | XYZ Robotics has raised $103M across 4 funding rounds. |
| What was XYZ Robotics' last funding round? | XYZ Robotics' last funding round was a $40M Series B in June 2022, led by Capital Today. |
| Who are XYZ Robotics' investors? | XYZ Robotics' investors include Gaorong Capital, 5Y Capital, Source Code Capital, Sinovation Ventures, Eudaimonia Capital, Capital Today, New Wheel Capital and J. Andrew Bagnell. |
| Which companies are comparable to XYZ Robotics? | Companies comparable to XYZ Robotics include The Bot Company, Relativity Space, Anthropic, OpenAI, SAP and Snowflake. |
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