AI robot company RoboForce completes $52 million financing, led by YZi Labs

Silicon Valley-based industrial robotics company RoboForce announced the completion of a $52 million oversubscribed financing round, bringing the total funding amount to $67 million. This round of financing was led by YZi Labs, with participation from Yahoo co-founder and former CEO Jerry Yang. Additionally, existing investors including Nobel Laureate Myron Scholes, Qiming Venture Partners founding partner Gary Rieschel, and Carnegie Mellon University also continued to participate. The new funds will be used to accelerate the development of the company's next-generation robotic foundational models, promote the scaling of general-purpose Physical AI robots, and advance manufacturing capabilities to prepare for commercial deployment.

The industrial sector is currently facing a continuously expanding labor gap: many physically demanding, repetitive, and safety-risk jobs still rely on increasingly scarce human labor, leading to extended project cycles and increased safety risks. RoboForce's solution aims to take on these high-risk, monotonous jobs, with application scenarios including large solar power plants, data centers, mining, shipping, manufacturing, and logistics in various industrial environments.