China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

2 years ago
Anonymous $33nAR-2OaA

https://techcrunch.com/2022/07/25/softbank-temasek-saudi-aramco-china-jaka-robotitcs/

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally.

The round is led by Singapore’s sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventures, a growth fund under Aramco Ventures, which is an investment subsidiary of Saudi Arabia’s state oil firm Aramco.