Chinese robotic startup Makeblock has closed a series C-round fundraising totaling 300 million yuan ($44 million), as Beijing's drive for leadership in advanced industries motivates investors to pump more money into deep technology.
The investment, led by a subsidiary of China International Capital Corporation, pushed Makeblock's valuation to about $367 million. The Shenzhen-based startup raised $30 million last year from Evolution Media and Shenzhen Capital Group. It has also received backing from Sequoia Capital.
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