Singapore-based cleaning robot manufacturer LionsBot International has secured approximately US$17m (£13.9m) in a Series A funding round.
The funding round was recorded in filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). It showed that the investment was supported by TransLink Capital, Supersteam Asia Pacific, Freny Firoze Irani and LionsBot’s founders.
US venture capital firm TransLink Capital was the lead investor, and committed US$7m (£5.7m) to the round, according to the filings.
The most recent financing gives LionsBot a pre-money valuation of US$80m (£65.4m).
Founded in 2018 by Agatha Michelle Seow, Dylan Ng Terntzer and Rajesh Elara Mohan, LionsBot produces cleaning robots for commercial applications, including an interactive vacuuming and scrubbing robot, the LeoBot.
What’s more, the robots can be programmed for sanitation and cleaning in a range of settings and are designed to function with only remote supervision.
This, LionsBot has said, frees up cleaning staff to perform higher-value tasks, such as supervisory duties and customer service.
The bots are also capable of avoiding obstacles, auto-docking, using artificially intelligent batteries and running in a range of cleaning modes. Some safety features include soft bumpers and an emergency stop button, in addition to clear lights and audio alerts to prevent collisions with people.
