Cyclone Robotic, a Shanghai, China-based robotic process automation (RPA) software and solutions provider, secured $40 million in an extended Series C funding round from undisclosed investors, bringing the total amount raised by Cyclone to nearly USD 200 million.
The proceeds will help to commercialize its AI-generated automation process and will be used for R&D, resource integrations, and market expansion.
Founded in 2015, the company has set up offices in 24 major cities in China and in Singapore, counting major tech firms such as Alibaba, Microsoft, and IBM among some of its clients. Cyclone’s customers span various industries including finance, energy, e-commerce, healthcare, and manufacturing, among others.
Company: Hongsheng Information Technology Co., Ltd.
Round: Extended Series C
Funding Month: July 2023
Lead Investors: Undisclosed
Company Website: https://en.cyclone-robotics.com/
Software Category: Robotic Process Automation Software
About the Company: Cyclone Robotics provides robotic process automation (RPA) software and solutions. The company's RPA powered by cutting-edge technologies like AI, NLP, etc, is a proprietary product independently developed by Cyclone Robotics, which aims to automate customers' specific business processes. Headquartered in Shanghai, Cyclone Robotics has set up branch offices in twenty-four cities at home and abroad, including Beijing, Shenzhen, Guangzhou, Chengdu, Nanjing, Hangzhou, Wuxi, Xi'an, as well as Singapore.
Source: https://www.dealstreetasia.com/stories/cyclone-robotics-extended-series-c-356165 https://kr-asia.com/week-31-in-brief