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Roobo
Roobo is a hardware and AI company that offers pre-orders of Domgy via crowdfunding sites in China
About Roobo
Founded in 2014 by Yin Fangming and Xia Chongyan, Roobo is a Beijing-based technology company that has carved out a niche in the artificial intelligence and robotics sector. The firm operates as a developer and solution provider, creating both intelligent hardware and the AI systems that power them. Since its inception, Roobo has secured significant financial backing, raising a total of $154 million over two rounds, including a notable $100 million Series A in 2016 and a $53.5 million Series B in 2017, with investors like iFLYTEK and Seven Seas Partners. In 2017, Jeff Xiong Minghua, the former CTO of Tencent and founder of Seven Seas Partners, took on the role of chairman, signaling a strategic shift for the company.
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Roobo's business model has evolved from focusing on consumer products to becoming a broader AI solutions provider. The company's core offering is the ROS.AI platform, an intelligent robot system that provides developers with a comprehensive suite of tools, including hardware modules, software systems, and AI development SDKs. This platform enables clients in sectors such as smart appliances, healthcare, education, and banking to develop customized services. Revenue is generated through the sale of its hardware products and by providing its AI platform and solutions to other businesses. The company has partnered with major firms like Microsoft, Nuance, and Qualcomm to deliver AI solutions for home appliances and audio equipment.
The company's product portfolio is diverse, showcasing its capabilities in both hardware and software. Early products included the 'Pudding' series of educational and companion robots for children, which sold over 100,000 units by 2016. Another notable creation is 'Domgy,' a pet-like robot with automated navigation and companionship features. Beyond consumer robots, Roobo has developed the 'Farnese' service robot for the commercial sector and even a smart audio development kit in partnership with Microsoft for conference systems. The firm's products have gained international recognition, with 'Domgy' winning a Red Dot Design Award in 2016.
At a glance
- Status
- Operational
- Founded
- 2014
- Headquarters
- Chaoyang, China
- Employees
- 31
- Open positions
- 1
- Dealroom signal
- 25.7/100
- Industry
- Robotics, Enterprise Software
- Sector
- Robotics, Crowdfunding, Core AI, Immersive Technologies, Edge Processing, Educational and Gaming Robotics, Hard Tech, AI Applications, DT and LS, science-based
- Technology
- Artificial Intelligence
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 2 companies, latest Jan 2017
- Capital deployed
- $871K
- Preferred round
- ANGEL
Latest news
Press, funding announcements and product moves mentioning Roobo.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Sep 2017 | $53M | $212M | Seven Seas Venture Partners | — |
| SERIES AOther financing | Sep 2016 | $100M | $400M | iFLYTEK | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Roobo is 750 monthly website visits, down 53.1% over the last three months. Roobo's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
iFLYTEK
Seven Seas Venture Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Roobo on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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