BRV China is pleased to announce a follow-on engagement for KEYi Technology, maker of the hugely popular ClicBot smart toy robot
HONG KONG, May 12, 2022 /PRNewswire/ — BlueRun Ventures China (BRV China) participated in the latest funding round for KEYi Technology, an innovative robotics company that recently completed its latest funding round led by Anker Innovations. BRV China is KEYi Technology’s first institutional investor since its Series A. Other investors in the round have involved Shunwei Capital and Xiaomi.
The capital commitment follows BRV China’s previous investments in Mooe Robot, a global leader in autonomous industrial robots, and Lanxin Technology, a leading provider of visual sensor solutions for mobile robots, and RoboCT, one of the stars of rehabilitation robotics in China.
Founded in 2014, KEYi Technology is an innovative robotics company that stands out for ClicBot, a set of programmable modular robots that helps children learn to code at home.
Integrating control technology, perception technology and artificial intelligence into artistic design, it is a popular product for children.
KEYi Technology has successfully launched a community platform for users from different regions and ages to create and share content. With gameplay that gets more complex and ever-changing, it gets more fun as players gain more experience with the toy.
In addition, a rapidly growing developer community also leads to the creation of an application ecosystem centered on ClicBot.
“As the first institutional investor in KEYi Technology, we are delighted to see the company making tremendous progress and being recognized by more investors,” said Ju Tan, managing partner of BRV China. “It is committed to bringing simple yet powerful modular robotic technology into the home.”
“Jianbo Yang, the founder and CEO, is the browser that brings smart technology to art that constantly breaks down the boundaries of creation and consumer experience. We are proud to see that he turned an idea into one of the best coding robots in the world.” Ju Tan added.ClicBot also unveiled a flagship store in March. Its products have been displayed at the Ellen Show, and it has also been used to conduct experimental research at the School of Design and Art of Tsinghua University.
At present, ClicBot now has more than 10,000 users from 87 countries in APP, and they have generated more than 40,000 robot designs.
About BRV China
BlueRun Ventures China (BRV China) is a leading venture capital firm in China with offices at beijing and Shanghai. Having its heritage in Silicon Valley since 1998 and entered China in 2005, BRV China managed over $1.5 billion via several funds in USD and RMB, with more than $1 billion cash distributions. BRV China is focused on investing in entrepreneurs who create lasting impact through technological innovations in business services, transport and smart machinery, digital healthcare and consumer technologies in China. The company has invested in more than 150 portfolio companies, including Li Auto (NASDAQ: LI), QingCloud (688316.SH), WaterDrop (NYSE: WDH), Energy Monster (NASDAQ: EM), Mogujie/Meilishuo (NYSE: MOGU ), Qudian (NYSE:QD), Ganji/58.com, PPTV, Guazi, Meishubao, Nanyan, Shanzhen, Gaussian Robotics, Yi Auto, Pinecone, etc. ” in China by Zero2IPO and ChinaVenture, and “Consistent Performing Venture Capital Fund Manager” by Preqin. For more information, please visit https://www.brv.com.cn/en/.
SOURCE BRV China