BRV China is pleased to announce a follow-on commitment for KEYi Technology, maker of the widely-popular smart toy robot ClicBot
BlueRun Ventures China (BRV China) participated in the latest funding round for KEYi Technology, an innovative robotics firm that recently completed its latest funding round led by Anker Innovations. BRV China is KEYi Technology’s earliest institutional investor from its series-A round. Other investors in the round involved Shunwei Capital and Xiaomi.
The capital commitment follows BRV China’s earlier investments in Mooe Robot, a global leader of 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 notable for ClicBot, a programmable modular robot set product that helps children learn how to code at home.
Integrating control technology, perception technology and artificial intelligence into art design, it is a popular product for children.
KEYi Technology has successfully launched a community platform for users of different regions and ages to create and share content. With gameplay that becomes more complex and ever-changing, it becomes more fun as players get more experience with the toy.
Furthermore, a fast-growing developer community is also leading to the creation of a ClicBot-focused app ecosystem.
“As the earliest institutional investor in KEYi Technology, we are pleased to see the company making tremendous progress and be recognized by more investors,” said Jui Tan, Managing Partner of BRV China. “It is committed to bringing simple yet powerful modular robotics technology into the home.”
“Jianbo Yang, the Founder and CEO, is the navigator who integrates intelligent technology with art which constantly breaks the boundaries of consumer creation and experience. We are proud to see he turned an idea into one of the world’s best coding robots.” Jui Tan added.ClicBot has also unveiled a flagship store in March. Its products were featured on 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 over 10,000 users from 87 countries in APP and they have generated more than 40,000 robot designs.
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