Clobotics is a computer vision company that has announced it has raised $11 million in funding led by Nantian Infotech VC and Wangsu Science and Technology. Nantian Infotech VC and Wangsu Science and Technology are both previous investors in Clobotics. KTB Network, GGV Capital, and Capital Development Investment Fund Management Co. also joined this round of funding.
Clobotics was founded by former Microsoft executive George Yan in 2015. And with the funding, Clobotics plans to expand its business in North America and to invest in product development. Plus Clobotics will build its team with a number of additional computer vision, machine learning, and artificial intelligence researchers.
Today Clobotics serves the wind power and retail industries. Clobotics’ Smart Wind solution is used by autonomous drones for taking high-resolution photos for identifying damaged or weakened components that are as small as one millimeter by three millimeters. And Clobotics’ AI engine is able to parse real-world datasets, including full-functional and minutely-damaged turbines. And this telemetry information is shared with customers in real-time. This helps complete inspections in a matter of minutes rather than days.
“In less than two years since our founding, Clobotics has attracted top global brands as customers by pioneering new processes that combine artificial intelligence and computer vision with our own smart hardware capabilities and expertise in the wind and retail industries,” said Clobotics chief executive officer George Yan. “Our investors have a reputation for spotting and investing in successful international technology companies and we are pleased they recognize this potential in Clobotics.”
Clobotics also focuses on consumer display packaging. For example, Clobotics’ Smart Retail platform is able to recognize product displays and barcodes. And it can make suggestions about how to improve sales. Clobotics claims that its Smart Retail platform is able to cut inspection time from 20 minutes to seconds.
Clobotics has two main offices: Seattle and Shanghai. And the company has raised a total of $21 million thus far.