TL;DR:
- Shanghai hosts the World Conference on Artificial Intelligence 2023, featuring prominent figures and showcasing DaXu Robotics’ humanoid robot products.
- DATAAROBOT secures over RMB 1 billion in Series C financing, positioning itself as a leader in intelligent robotics.
- The company aims to revolutionize the industry by enabling cloud-based robots to tackle complex tasks and improve human lives.
- Service robots are in high demand, with a global market projected to reach USD 51.3 billion by 2022, dominated by Europe.
- DATAAROBOT’s failed attempt at a U.S. IPO may be followed by a Hong Kong IPO, enabling further technological innovation and international expansion.
Main AI News:
The highly anticipated 2023 World Conference on Artificial Intelligence kicked off in Shanghai, attracting a stellar lineup of more than 1,400 influential figures. Distinguished scholars, renowned entrepreneurs, and representatives from prominent international organizations convened at this global gathering of minds. Notably, the conference welcomed the presence of four esteemed Turing Award winners, who graced the event with their invaluable insights. Amidst this remarkable congregation, the spotlight shone brightly on the cutting-edge humanoid robot products unveiled by DaXu Robotics, a trailblazing service robot developer. This extraordinary showcase was the culmination of DATAAROBOT’s recent triumph in securing over RMB 1 billion in Series C financing.
The latest injection of capital came from a consortium of prestigious investors, including Knowledge City Group, Shanghai Guosheng Investment Group, and Shui Mu Chun Jin. With this significant funding, DATAAROBOT has now successfully completed five rounds of financing, fortifying its position as a formidable force in the intelligent robotics landscape. While the company faced initial setbacks during its failed attempt to go public in the United States, rumors have emerged suggesting an imminent Hong Kong IPO later this year.
Established in 2015, DATAAROBOT swiftly emerged as the undisputed leader and a unicorn head company in the realm of intelligent robotics. A true pioneer, it has become a global powerhouse in creating, manufacturing, and operating cloud-based robots. Guided by the strategic mission of “robots serving people, DATAAROBOT serving robots,” and driven by the vision of “cloud intelligence, connecting the future of intelligent robots,” the company tirelessly endeavors to revolutionize the human experience. By spearheading cutting-edge research and industrialization of cloud robots, DATAAROBOT aims to empower humanity to conquer the most demanding of tasks. Their overarching goal is to liberate individuals from the shackles of monotonous, perilous, and arduous work, ensuring a superior quality of life for all.
With a comprehensive suite of industry-leading solutions for cloud-based robots, Datacom has ingeniously introduced the groundbreaking “cloud-based robot” architecture, combining the synergies of “cloud brain + safety net + robot.” This pioneering approach has proven to be a commercial success, effectively leveraging the power of cloud technology to enhance the capabilities of robots and transform the landscape of robotics as a whole.
The global market for service robots is experiencing an unprecedented surge in demand, fueled by an aging population and rising labor costs. Currently, there exist approximately 1,500 service robot companies worldwide. European service robot companies claim a substantial 50% market share, with American and Asian counterparts accounting for 30% and 20%, respectively. It is evident that service robots have emerged as a dominant force within the robotics industry, with their proliferation now reaching a diverse range of sectors, including catering, hotels, medical facilities, industrial parks, and home cleaning services.
A comprehensive analysis of the Suzhou Bay Service Robotics Industry Summit underscores the immense growth potential of the global robotics market. Projections indicate that by 2022, the market will surge to a staggering USD 51.3 billion, boasting a remarkable average annual growth rate of over 14% over the past five years. Of this staggering sum, service robots dominate, capturing a significant chunk with a market size of USD 21.7 billion. Undeniably, service robots have solidified their status as the driving force propelling the global robot industry toward new frontiers.
Within this transformative landscape, numerous industry-leading companies have emerged, redefining the boundaries of innovation. Keenlon, UdiTech, and ECOVACS are among the standout organizations that have revolutionized the field. Their cutting-edge products cater to a diverse array of industries, including hospitality, healthcare, and manufacturing, as well as encompassing home cleaning services and beyond.
While DATAAROBOT’s initial plans for a U.S. IPO faced setbacks, the company has not been deterred. With the recent infusion of capital, the focus now lies on technological innovation, upgrading existing infrastructure, and further expanding its global footprint. Speculation abounds regarding its upcoming Hong Kong IPO, which could serve as a pivotal moment in the company’s trajectory, cementing its position as a true global frontrunner in the intelligent robotics revolution.
Conclusion:
The World Artificial Intelligence Conference 2023 showcased the remarkable strides made by DATAAROBOT in the field of intelligent robotics. Securing substantial financing and unveiling its humanoid robot products, DATAAROBOT has solidified its position as a global creator, manufacturer, and operator of cloud-based robots. The rising market demand for service robots, driven by an aging population and escalating labor costs, presents a significant growth opportunity. As a key player in the industry, DATAAROBOT’s potential Hong Kong IPO, coupled with continued technological innovation and overseas expansion, positions them at the forefront of shaping the future of the global robot industry.
