SBCVC Joins 30M Seed Round In Chinese Cloud Robotics Start-Up - China Money Network - Daily News on China's Private Equity, Hedge Funds, and Venture Capital Industry

CloudMinds, a cloud robotics start-up founded by the former head of the research division of China Mobile, has raised US 30 million seed financing from SB China Capital (SBCVC), Hon Hai Precision Industry Co., Ltd., Walden International and Kaixuan Capital. Cloud robotics is an emerging field of robotics rooted in cloud computing and cloud storage centered around the benefits of converged infrastructure and shared services. Huang Xiaoqing left the Research Institution of China Mobile last March to launch CloudMinds, according to an article published by Caixin Media. "A robot with similar capabilities of a real human requires a computer system that may be one million times bigger in size than that of a human brain, which means the brain of a robot must be on the cloud," Huang told the Chinese media organization. CloudMinds is targeting to reveal a full-service housekeeping robot in 2025 to service individual families.