UBTECH raises USD100M Series B at USD1B valuation
UBTECH raised USD100 million in a Series B led by CDH Investments at a reported USD1 billion valuation.
Evidence notes
- CDH Investments led the financing, with CITIC Securities and other investors participating.
- UBTECH planned to use the capital for research and development, new industry applications and research centres in China and the United States.
- The financing established UBTECH as a robotics unicorn at a reported USD1 billion valuation.
Company context
Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education. Listed on HKEX (9880.HK), founded March 2012.