With the state of affairs of global manufacturing still undergoing transformation, more companies like Flexiv are opting to raise funds to collaborate with other companies from multiple sectors to work on new robotic technology. Experts from the robotics industry feel that robotics is steadily going to transform all verticals in manufacturing and agriculture in the near future.
Startups lie Flexiv are not waiting for that to happen. They are taking steps to gain a foothold and tap new sectors that are at the cusp of automation. While traditional manufacturing continues to be a priority area for the startup, it also aims to use the machine to create new job opportuities. It plans to approach more agriculture and healthcare verticals in the near future.
Flexiv Flex Over Chinese Robotics Industry
Flexiv Chinese $100M series meituanliaotechcrunch is a great example of a company with truly disruptive ideas that have come a long way despite being extremely young in nature. It has seen a meteoric rise and has gained the confidence of Chinese investors in its formative stage.
This is clearly the validation of the strength of the innovative ideas and the marketability of the robotics technology. That the company has been experimenting with over the past few years. With its innovative work in development, the firm has been able to lay the foundation for other firms to expand their product lines, offering customized, intelligent robots to various industrial sectors in China.
Integration in Multiple Industries
From an organization perspective, this is where Flexiv excels. It is young in the space but has already begun the process of integrating in multiple industries, gaining the trust of its stakeholders and implementing. What it has been working on for years. As long as it continues to build a strong rapport with its partners, the company will be in a good position to take on bigger players and raise capital.
It will also be able to better monitor and execute its business strategy with a more assured and robust foundation. It’s is stated that Flexiv Chinese $100M series meituanliaotechcrunch is the kind of round one funding that is attracting lots of attention in China’s emerging robotics space. It also shows that there is still room for disruption in a largely outdated industry.
Strategic Partnership with China Electronics Technology Group Corporation (CETC)
Flexiv is already working with major Chinese industrial manufacturers, and has formed strategic partnerships with major Chinese companies like China Electronics Technology Group Corporation (CETC). Among them, Fujian Grand Chip Investment Ltd, Sinomach, and FANUC are considered to be the most promising partners. CESA, Changjiang Electronics, and Chih-tung Precision Machinery are some of the other partners that Flexiv is looking at.
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Flexiv has already formed partnerships with over 50 manufacturing firms in China. It is currently working with almost half of the global robotics companies in China. And has forged partnership with over 300 manufacturers in the country. It’s Flexiv Chinese $100M series meituanliaotechcrunch that is the most well-known among these partnerships. Having already become the go-to partner for some of China’s largest factories.
Although many startups in robotics are gradually gaining traction in China. The land is still not saturated with a large number of robots. The real battle, then, is between Chinese companies and the more mature Western industry. It is a battle that can be won or lost with large amounts of funding. Which will help both domestic and international companies develop competitive products and capabilities.
The Flexiv Chinese $100M series meituanliaotechcrunch is a strong start. And is the kind of funding that any firm in the robotics space needs to have. It shows that Chinese entrepreneurs and investors are ready to invest in robotics. And there is a lot of potential for growth in China’s robotics market. Flexiv is part of a large list of well-funded companies that are in the robotics space. Which will help it raise funds in the coming years.
This is not the only example of China’s presence in the robotics field. The sector has also seen a number of well-funded robotic startups come from Shanghai. By forging partnerships with China Electronics Technology Group Corporation (CETC) and Shanghai Chuangtongxiang Tech Co. (SKT). Shanghai Industrial Automation Technology (SHIA) Ltd. Has already formed a strong foundation and expanded its client base rapidly.