Technology company Quicktron Robotics has completed its Series D funding, raising more than US$100m to drive its digitisation and automation.
The funding round was led by Golden Oriole Capital, FarGlory Group, the Wuxi Liangxi Technology Innovation Fund, and the Weifang Yuanfei Industrial Fund.
The funds in this round will be used for a variety of company initiatives, including expansion in the US, as well as globally. Additionally, Quicktron will optimise its offering to improve its product offering’s stability. To this end, additional resources will be allocated to collecting and analysing user feedback.
Yang Wei, founder and CEO of Quicktron Robotics, said: “This financing round marks a significant milestone in Quicktron Robotics’ international strategy and serves as a strong boost to our deep expansion into overseas markets.
“As global demand for intelligent warehousing and logistics solutions continues to grow, Quicktron will fully utilise the funds from this financing to strengthen its presence in key overseas markets and enhance its global service capabilities.”
Innovations and achievements in warehouse robotics will be highlighted and celebrated at the second annual Robotics & Automation Awards on 06 November 2024 at De Vere Grand Connaught Rooms in London. Visit www.roboticsandautomationawards.co.uk to learn more about this unmissable industry event – and to book your table!
