Keenon Robotics Co., Ltd, a leader in service robotics, today announced $200M 
in Series D funding, led by Softbank Vision Fund 2*, followed by CICC ALPHA and 
Prosperity7 Ventures (the diversified growth fund of Aramco Ventures). So far, 
this round is also the largest round of funding in the service robot field. 
China Renaissance is the exclusive financial advisor for this financing.

Founded in 2010, Keenon is an artificial intelligence company dedicated to 
providing intelligent delivery solutions globally. Its cutting-edge 
technologies and products have quickly become a must-have for an array of 
industries such as real estate, healthcare, and hospitality. As the world 
continues to look for ways to automate processes as a means to ensure safety, 
efficiency, and productivity, service robots are proving to be a successful 
solution to business needs. 

Keenon will use the funding to "drive innovation through its in-house R&D to 
provide new, efficient, and cost saving applications, while scaling its current 
robot platform through the expansion in new markets and identifying new 
prospects to promote growth and boost revenue," Tony Li, founder of Keenon 
Robotics. 

Keenon currently has reached the markets in America, Europe, South Korea, and 
Singapore. By capitalizing on the strong relationships with its investors, 
Keenon focuses on building long-term value for the company by exploring new 
markets, trends, and customers. 

Kentaro Matsui, Managing Director at SoftBank Group, former Managing Partner at 
SoftBank Investment Advisers, said: "We believe robotic solutions can have a 
profound impact across the services industry by assisting with repetitive, 
tedious workflows. Using AI and machine learning, combined with advanced 
manufacturing capabilities, Keenon is building innovative robotics to help 
increase productivity for restaurants, hotels, and hospitals in China and 
globally. We are pleased to partner with Li Tong and the Keenon team to support 
their mission of driving the smart autonomous delivery revolution."

Maxwell Zhou, member of the founding team and executive general manager of CICC 
ALPHA said: The COVID-19 epidemic has significantly changed the way of 
communication. The non-contact economy will become an important development 
trend in the post-epidemic era. With the continuous maturity of positioning and 
navigation technologies such as laser SLAM and visual SLAM, commercial service 
robots represented by food delivery robots will usher in an explosion.

Keenon has been deeply involved in the commercial service robot track. Starting 
from the food delivery scenario, Keenon has gradually expand its application in 
hotels, KTVs, hospitals, and other scenarios, and continuously enlarge the 
scope of its industry-leading advantages. We are very optimistic about the 
future development prospects of Keenon Robotics.

Aysar Tayeb, Executive Managing Director of Prosperity7 Ventures, said, "The 
intersection of traditional automation with AI unlocks various new applications 
for robotics beyond typical repetitive tasks.  Keenon is leading integrating 
robots into the services industry, with various interesting applications. We 
are looking forward to support bringing these robots into Saudi Arabia, and 
help Keenon expand their rapidly growing global footprint."

SOURCE:  Keenon