Hai Robotics Secures $15M Series B+ Funding to Scale ACR System
Hai Robotics announced a Series B+ round of nearly $15 million led by 5Y Capital, with participation from existing investors Source Code Capital and Walden International. The capital will fuel its research and development, operational capabilities, as well as business expansion.
Hai Robotics, a pioneer in Autonomous Case-handling Robotic system (ACR system) for logistics and industrial automation, recently announced a Series B+ round of nearly $15 million led by 5Y Capital, with participation from existing investors Source Code Capital and Walden International.
According to the company, the capital will fuel its research and development, operational capabilities, as well as business expansion.
$15M Series B+ Funding to Scale ACR System
Warehouse automation enables fast, safe, and error-free distribution, a shorter time to market, and is about to make an enormous impact on logistics and supply chain. “With an increasingly aging population worldwide, automation is the future of warehousing. However, many warehouses still haven't adopted automation technologies”, said Richie Chen, Founder, and CEO of Hai Robotics. “Many warehouse automation solutions fail to meet the requirements of customers, such as short construction time, low cost, high storage capacity, and high efficiency, and Hai Robotics helps to optimize these crucial requirements.”
ACR System of Hai Robotics
Founded in 2016, Hai Robotics is committed to providing efficient, intelligent, flexible, and customized warehouse automation solutions through advanced robotics technology and smart algorithms. Dedicated to the R&D of warehouse automation robotics, the company developed the HaiPick system, the first ACR system in 2015, and put it into commercial operation in 2018.
The HaiPick system uses autonomous case-handling robots (ACR) to store and retrieve up to 8 cases at a time in tall, narrow storage aisles. This dense storage configuration can enable operations to reduce the square footage dedicated to storage. Once cases are retrieved, the robots work in a goods-to-person framework, moving inventory into position to fuel order fulfillment and other logistics processes.
The HaiPick system has been applied in 3PL, apparel, e-commerce, electronics, energy, manufacturing, pharmaceutical, and other industries. By using it, customers can realize warehouse automation transformation quickly, increase storage density by 80-130%, and improve warehouse operation efficiency by 3-4 times.
The Shenzhen-based company has been perfecting its products continuously with its expanding customer portfolio since its establishment. In 2020, it launched the world’s first double-deep ACR, carton-picking ACR, telescopic Lift ACR, laser SLAM ACR, and HaiPort automatic case-loading port, creating highly flexible warehouse automation solutions to address warehouse issues and cater to dynamic business changes.
Double-deep ACR, HaiPick A42D, in Hong Kong e-commerce warehouse
Over the last year, Hai Robotics has made significant progress. “We have deployed over 90 projects and gained the trust of many of our customers who continue working with us on new projects”, said Richie Chen. “HaiPick ACR solution offers several advantages in storage capacity, delivery efficiency, flexibility, and stability, and it is a comprehensively cost-effective solution for customers.”
Peter Chen, VP at 5Y Capital, commented: “Hai Robotics focuses on ACR technologies, and has a unique ability to innovate continuously. It defined a new category of warehouse robotics, invented the case-to-person operation system, and laid a solid foundation for the future of fully unmanned warehouses. We are very optimistic that Hai Robotics will grow rapidly into a leading company globally in the field of intelligent warehousing as an industry innovator.”
About 5Y Capital
5Y Capital (formerly known as Morningside Venture Capital) is one of China’s earliest early-stage venture investors with billions of dollars under management including both USD fund and RMB funds, from the commitment of sovereign wealth funds, family offices, fund of funds, university endowment and etc. 5Y discovers, supports, and encourages lonely entrepreneurs, and at the same time, we not only insight and industry experience do we provide but also mental and operational support.
5Y Capital's investment portfolio includes Ctrip.com (NASDAQ: CTRP), YY (NASDAQ: YY), Xiaomi Corporation(HK:01810), Kingsoft Office (688111. SH), Agora (NASDAQ: API), Xiaopeng Motors (NYSE: XPEV), Kuaishou(HKEX: 1024), We Doctor Group, SenseTime, Pony.ai, etc.
About Hai Robotics
Hai Robotics is a pioneer in autonomous case-handling robotic (ACR) system. The company is committed to providing efficient, intelligent, flexible, and customized warehouse automation solutions through advanced robotics technologyand creates value for each factory and logistics warehouse.
Dedicated to the R&D of the ACR system, Hai Robotics developed HaiPick, the first ACR system in 2015, and put it into commercial operation in 2018. Hai Robotics has been perfecting its products continuously with its expanding customer portfolio ever since. HaiPick has been applied in 3PL, apparel, e-commerce, electronics, energy, manufacturing, pharmaceutical, and other industries. By using the HaiPick system, customers can realize warehouse automation transformation in a week, increase storage density by 80-130%, and improve warehouse operation efficiency by 3-4 times.
