(Yicai) Aug. 1 -- Zerith has raised hundreds of millions of Chinese yuan, equivalent to tens of millions of US dollars, in its latest fundraisers, making it three funding rounds for the Chinese robots maker established at the start of this year.

Baohe Venture Capital, Cowin Capital Group, and Shenzhen Leaguer took part in an Angel+ round, while Waterwood Asset Management, Baohe Venture Capital, Mizuho Leaguer Investment, and Nanjing Ralph Entrepreneurship participated in an Angel++ fundraiser, Zerith announced yesterday.

The proceeds will be used for enhancing the research and development of foundational algorithms for embodied intelligence in specialized scenarios to accelerate the implementation of embodied intelligence in commercial services, speeding up the construction of mass production factories, and allying with industrial capital firms, government agencies, and ecosystems developers to create a data hub for embodied intelligence, Zerith noted.

Set up by Tsinghua University graduates from the "post-00s" generation in January, Zerith secured tens of millions of yuan in an angel financing round in February. Its founders are not the typical "big shots" from the robotics or autonomous driving industry, but a group of students from the university's artificial intelligence and robotics laboratory.

Zerith's founding team has made significant achievements in robot manipulation and motion control, publishing multiple academic papers in top robotics conferences and journals, including Transactions on Robotics, Conference on Robot Learning, Conference on Robotics and Automation, and Intelligent Robots and Systems.

Zerith has developed a comprehensive solution for embodied intelligence, including hardware and software, and a complete solution for data training and commercial service scenarios, launching the Z1 and the H1 robots. It focuses on hotel and restaurant commercial services as application scenarios.

Zerith began gradual deliveries of the H1 last month, with large-scale shipments likely to start this month, while expecting to deliver 500 robots this year. In addition, it has secured intention orders worth almost CNY100 million (USD13.9 million).

Editor: Martin Kadiev