Chinese AI-powered robot developer CloudMinds raises $138m

Funding comes amid report of Hong Kong IPO as early as this year

20230710 DSA Cloud Minds

Shanghai-based CloudMinds develops AI-powered robots for cleaning, delivery and fully-automated product vending in places such as restaurants, hotels and supermarkets. (Source photo by AP, logo from Cloud Minds website)

EUDORA WANG, DealStreetAsia

HONG KONG -- Chinese artificial intelligence-powered robot developer CloudMinds has raised over 1 billion yuan ($138.1 million) in a Series C round of financing, as the firm is said to be weighing an initial public offering in Hong Kong.

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