FAIRINO closes Series B round above $50 million
FAIRINO announced a Series B financing round of more than $50 million led by Source Capital with participation from Ali and Meituan Longzhu.
Evidence notes
- FAIRINO closed a Series B financing round of more than $50 million.
- Source Capital led the round, with Ali and Meituan Longzhu participating.
- The financing supported FAIRINO's collaborative-robot commercialization.
Company context
FAIRINO builds collaborative robots, robot control systems and application software for industrial automation. Founded in 2019, the Suzhou company has in-house research and production capabilities and closed a Series B financing round of more than $50 million in 2023.