Magnesium received $300 million in Series C financing

Megarobo focuses on the research and development of collaborative robots and its supporting artificial intelligence technology, providing flexible and practical automation solutions for life sciences, smart retail and lightweight manufacturing. Recently completed a $300 million Series C financing, jointly led by Goldman Sachs Asset Management, Asia Investment Capital, and GGV Capital. Yumeng Capital, Hongwei Capital, Yuanfeng Capital, Taihe Capital, etc. followed suit. At the same time, leading companies in the domestic biotechnology field also participated in this round of financing. The funds raised in this round will be used for the company’s R&D investment and capacity expansion in the field of life science intelligent automation, business expansion and accelerated internationalization.

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