BlockBeats News, March 17, Industrial robot company RoboForce, headquartered in Silicon Valley, announced the completion of a $52 million oversubscribed financing, bringing the total funding to $67 million. This round of financing was led by YZi Labs, with participation from Yahoo co-founder and former CEO Jerry Yang. In addition, existing investors, Nobel Prize-winning economist Myron Scholes, co-founding partner of Qiming Venture Partners Gary Rieschel, Carnegie Mellon University, among others, also continued to participate. The new funds will be used to accelerate the development of the company’s next-generation robot base model, promote the scaling of general-purpose Physical AI robots, advance manufacturing capabilities, and prepare for commercial deployment.
The current industrial sector is facing a growing labor shortage: many physically intensive, repetitive, and safety-risky tasks still rely on an increasingly scarce human workforce, leading to extended project timelines and increased safety risks. RoboForce’s solution is designed to undertake these high-risk, monotonous tasks, with application scenarios including large-scale solar power plants, data centers, mining, shipping, manufacturing, and logistics, among other industrial environments.
