Seattle, Shanghai and Denmark-based technology platform Clobotics has announced a capital increase of USD 30 million.
“Clobotics announced today that the company has completed its Pre-B-4 series capital increase and has received an additional $ 30 million investment to provide” insights into insights “for customers in the wind and retail industries, he says the announcement.
Clobotics uses computer vision technology to help customers inspect wind turbines using drones. The same computer vision technology is used for consumer goods companies and retailers to manage retail inventory levels.
“We are grateful to our investors for the trust they show in Clobotics and are proud of our product and business results to date,” said George Yan, CEO of Clobotics. “This additional investment will enable important new corporate initiatives, including expanding our wind industry business into the Americas under the leadership of our new Managing Director Rogers Weed, and significantly advancing our retail technology and product development, as well as increasing commercial capabilities to new markets and local customers . “
The investment round was led by Sanxia Xintai, a leading growth fund in China that specializes in technology-driven companies. Other co-investors are existing shareholders and two other new investors.
“George and the team at Clobotics have made impressive progress in their first four years as a company,” said Fanny Cheng, partner at CDIB Capital. “Their approach to innovation – investing in both front-end data acquisition systems and back-end machine learning technology – enables their customers to add important new features. We look forward to continuing to provide financial support to help them take their world-class solutions to the next level. “
Clobotics is not a drone company, but it can point to future developments in the industry. The company has applied its computer vision technology to automated drone inspection of wind turbines: a key industrial application that offers energy companies a significant return on investment. Clobotics offers a bespoke drone for autonomous visual inspection of wind turbine blades, as well as a back-end system to analyze images to understand blade conditions and generate reports and recommendations for customers. To date, the company has examined over 14,000 wind turbines worldwide for global brands such as Goldwind, Vestas and GE Renewable Energy.