Bosch Invests In Chinese Smart Robot Company

Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, leads a growth financing round in MegaRobo. The Chinese high-tech robotic company  is headquartered in Beijing and integrates cutting-edge machine vision and Artificial Intelligence (AI) to provide modular and affordable automation solutions for lab automation and light industrial sectors. “MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC Managing Director Dr. Ingo Ramesohl. “Beyond these applications, we see many other opportunities for cooperation between MegaRobo and Bosch”.

MegaRobo builds its solutions upon proprietary motion control technologies with close to 100 patents. Based on these core technologies, MegaRobo offers cost-effective collaborative robots that address a variety of new industries. The robots are safe, easy to use, integration-friendly and are already actively used in laboratory automation, intelligent retail and manufacturing industry.

Traditional industrial robots are designed for highly standardized working environments, where robots are programmed to perform repetitive tasks on the factory floor. MegaRobo targets to introduce robots to non-conventional scenarios by integrating the latest AI and machine vision technologies and redesigning the robots from the ground up with the end-users in mind. It is the company’s goal to bring robots into more and more industries where people can benefit from this liberating technology.

Moreover, MegaRobo empowers all its robots with fully embedded connectivity capabilities, thus unlocking additional value-added services to the customers. Every robot can be used as a data-gathering terminal to transmit real-time operational data to the MegaCloud platform. MegaRobo then offers AI-based algorithms to utilize this data for purposes of equipment monitoring, predictive maintenance and risk management.

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