Skip to main content

UBTECH Robotics has raised $820 million in funding at a $5 Billion valuation (News/Review)

UBTECH'S Cruzr Humanoid Robot
image credit : UBTECH

AI/Robotics company UBTECH which was founded 6 years ago with the aim of integrating 'intelligent robots into the daily lives of everyone in order to create a smarter way of life has raised a whooping $820 million; Capital to grow its leadership in the intelligent service robot industry and to put more funds into Research and Development to heavily improve on its already very intelligent and hugely innovative products.

On this round of funding, It should be noted that UBTECH has now surpassed AI startup Sensetime as the worlds most valuable AI startup by a gap of over $400 million.

Let's take a walk-through on UBTECH's products which we term as "Hugely effective, innovative and awesomely efficient" ;

The company has released a swath of products which include The Lynx, The Alpha, The Jimu and The Cruzr, The company has also partnered with Disney with the release of The Stormtrooper, The company inked another partnership with Tencent which saw it release the Qrobot Alpha with each product coming with different Kit forms.

Its Jimu Robots are available at Apple stores worldwide, The Jimu Robot can be controlled using Apple's Swift programming language in many ways, For example; You can make the Jimu Robot dance using the Swift programming language on its accompanying Swift Playgrounds application, All kits of the Jimu Robot are codable characters which enables them to be controlled by various programming languages and can be used as a programming learning method for both kids and adults alike;

Its kits are the ;

  1. BuilderBots Kit 
  2. AstroBot Kit 
  3. BuzzBot & MuttBot Kit 
  4. TankBot Kit 
  5. MeeBot Kit 
  6. Explorer Kit
  7.  Animal Add-On Kit 
  8. Inventor Kit

The Jimu BuzzBot & MuttBot Kit

The UBTECH Cruzr


The Cruzr is a custom cloud-based intelligent humanoid service robot with makes use of service applications for the accomplishment of a wide range of tasks in industrial and domestic environments.

Features ;

  • Flexible arms which provide users with rich and easy to understand body language
  • Natural Interaction
  • 360º movement

Natural Interaction : With 17 pairs of devices that use error-sensing negative feedback to correct the action of a mechanism, The Cruzr with its Four-Layer Protection System moves like a human and is capable of shaking hands, greeting visitors, moving around, dancing and hugging.

360º Movement :With a posession of damage resistant coupled with the ability of its wheels to receive signals transmitting in all directions, the Cruzr moves smoothly and stable, whilst also being able to turn in any given direction at an instant.

The Cruzr humanoid robot makes use of real-time positioning and mapping technology to avoid obstacles, It also makes use of  multi-modal synergies and coordination systems to make the interaction more fluid and more humanlike which in turn greatly improves the user experience.

The Cruzr comes with special face recognition technology - in this case, Possessing a 98% recognition accuracy which identifies faces within the range of milliseconds, It also allows for the use of third party resources for the effective implementation of emotion detection, age, gender, recognition, ethnicity and a wide range of other characteristics.

It also comes with a video calling system which combines cloud computing and the use of a high definition audio and video which ensures smooth transmission.

Other features consist of;

Right here are its specs;

Size: 1195(H)*521(W)*516(D)mm 

Weight: 45KG

 Color: White + Silver 

Materials: Plastics, Metal

 Battery: 20Ah 24V 

Screen: 11.6-inch touch screen 

Camera: 13MP HD Photo, 1080p Video 

Speaker: Two-channel stereo, Unit: 3 inch*2; Output power: 6W*2; 


 6+0 MIC array in head
 1 Depth-perception camera in waist
 1 Lidar, 
6 Sonar sensors, 
12 IR sensors,
 9-axis IMU in chassis


 1 DoF head
 5*2 DoF (L/R) arms 
1*2 DoF (L/R) hands 
1 DoF waist 
3 Omni-wheels 

Operating System: Android & ROS 

Velocity: Normal speed: 0.3m/s; Highest speed: 1m/s 

Networking: Wi-Fi 2.4G/5G 

Accessories: 1 Recharging dock, 1 power adapter, 1 user manual


image credit : UBTECH

The Lynx is an alexa-enabled robot which can be used to perform a swath of commands and tasks, The Lynx robot can be used for the perfomance of different Alexa commands which include playing of favorite music, checking of current news, weather reports and so many other things of interest to the user.

UBTECH describes it as "The robot designed to get smarter and smarter" just like its Alexa software buddy.

Its features include;
  • Avatar mode which enables anyone to hear, listen and speak through his/her robot from any location in the world
  • Integrated capacitive touch sensors which lets the robots to instantly responds to human touch for taking commands and when in surveillance mode will automatically begin a 30 second encrypted record which would be stored securely for viewing by its owner
  • A voice activated 180°/1080p panorimic camera equipped with facial detection
  • Use of high powered microphones & speakers which enable its voice activaton and response system.
  • Use of Robotic Servo motors to enable different actions such as moving, stretching, dancing and the performance of so many other actions.

    The Alpha

    image credit: UBTECH

    UBTECH's Alpha is a humanoid robot which acts as a companion serving for both learning and entertainment, The Alpha is a playmate and a teacher accompanying the user in everyday life tasks.

    The Alpha might look very familiar because this particular robot appeared in the Transformers 5 movie, The Alpha packs a list of amazing features given that it works out, Takes part in sports and performs yoga.

    The Alpha can be controlled through the use of a smartphone, The robot offers a game which uses programming language to control the robot thereby producing one of the best interactive learning modes out there which enables step-by-step mastering of programming codes.

    The robot can also be programmed through the use of Blockly coding which involves the simple use of already exisiting code modules in the app coupled with adjusted parameters to make the robot perform different actions including dance and display of martial arts skills.

    Actions can also be recorded for the robot to use later, For example you can perform a combination of certain movements which forms into a dance and store the program's name, Next time you interact with the robot to make use of that certain program, It repeats the same dance steps which makes it very fun and amazing to use!

    You can also download the accompanying app which lets you share your moves and action with different people from all around the world in the online community.

    The Alpha is very flexible due to it possession of 16 movable joints which supports its 360° rotation with a movement accuracy of 1°, The robot is built with Matte ABS plastic which is environment friendly and also responds smoothly to touch and is strong enough to withstand huge impacts in case of falls and accidents, The Robot has a very good quality of superior resistance to external obstacles which enables it to last for a very long period of time.

    With this huge fundraising, we will now see UBTECH invest more into Research & Development which will churn out more innovative and awesome products in addition to its super-intelligent line of products already available right now.

    "We currently give UBTECH's products and its company ecosystem a rating of ★★★★★."


    Most Read Posts

    Tesla Seals New Lithium Supply Deal

    Electric carmaker Tesla has announced that it's entered into a binding agreement to purchase lithium ore mineral from Piedmont Lithium Limited, a publicly-traded lithium company that's based out of Australia. The agreement between both companies is initially for a five-year period, in which Tesla has committed to purchasing roughly one-third of Piedmont's annual output 160,000 tonnes of lithium ore mineral for each year as well as additional amounts that the electric carmaker has the option to request. The agreement is conditional on deliveries of the lithium ore beginning sometime between July 2022 and July 2023.Piedmont says it expects the Tesla deal to generate between 10-20% of total revenues from its proposed lithium project for the initial five-year period. That project, in particular, is the 'Piedmont Lithium Project', a lithium ore mining project being spearheaded by the company in the US state of North Carolina. A deal between Piedmont and Tesla represents…

    Northvolt Lands $600 Million Round

    Northvolt, a Swedish battery developer and manufacturer, has announced that it's landed $600 million in fresh private funding from a group of investors that include automakers Volkswagen and Scania, investment bank Goldman Sachs, asset management firms Baillie Gifford and Baron Capital Group, and Swedish entrepreneurs Cristina Stenbeck (AB Kinnevik) and Daniel Ek (Spotify). Northvolt will use the new capital to make further investments in expanding its battery production and recycling capacity, as it aims to establish 150 GWh of annual battery manufacturing capacity in Europe by the year 2030. Northvolt is currently building a battery 'gigafactory' in the Swedish city of Skellefteå that it says will have a potential annual production output of 40 GWh. In the same time frame, the company also plans to build a large-scale battery recycling factory beside the production facility that'll have an initial annual capacity of 4 GWh. Also, Northvolt plans to set up yet another …

    Hims On Cusp Of Reverse Listing

    Hims, a telemedicine upstart, is on the cusp of a deal to go public by merging with blank-check firm Oaktree Acquisition Corp, according to a report [paywall] from Bloomberg, which states that a deal could be announced as early as next week. According to Bloomberg, Oaktree Capital Group, the asset management firm which controls the blank-check firm, is in discussions with investors to raise about $75 million in new funds to fund a merger with Hims, which could be valued at up to $1.6 billion from the deal.Hims is a telemedicine upstart that's best known for offering online prescriptions to treat conditions that are usually stigmatized, such as sexual dysfunction. The company facilitates online consultations with doctors and deliveries of prescription drugs to patients. Also, Hims sells its own line-up of skincare products and vitamins. As a private company, Hims, which was founded in 2017, has raised nearly $200 million in funding and was valued at $1.1 billion from its most recen…

    Peeking Into Postmates' Finances

    Food delivery service Postmates in on the cusp of a deal to merge with counterpart Uber, which is coughing up $2.65 billion in stock to take over the company. As the merger nears, appropriate filings have been made with the U.S. Securities and Exchanges Commission (SEC), giving a peek into Postmates' finances, information not publicly revealed up until now. Filings with the SEC show that Postmates recorded roughly $321 million in revenue in 2019, but with a net loss of $420 million in the same year. In 2018, the San Francisco-based company reported roughly $156 million in revenue and a net loss of $129 million in that same year. As at the end of 2019, Postmates had $186 million in cash on its balance sheet, after having raised about $900 million in funding up until that point as a private company. In 2019, a year that Postmates sought to go public, the company burned through $335 million in sales and marketing expenses, its highest ever, and compared to $85 million for the same ac…

    Brief: Apple Buys Scout FM

    Technology giant Apple has bought Scout FM, a popular app that creates radio stations for podcast listeners. The acquisition was first reported [paywall] by Bloomberg, which notes that Apple acquired the company earlier this year. The financial terms of the acquisition aren't disclosed. As a private company, Scout FM had raised $1.4 million in known funding from investors including Bloomberg Beta, Betaworks, Precursor Ventures, and Advancit Capital. Apple's acquisition of Scout FM is one of several known purchases the company has made this year. The Cupertino, California-based tech giant has acquired more than half-a-dozen companies in 2020, including Fleetsmith, a mobile device management startup; Mobeewave, a payments company; virtual reality company NextVR; weather app Dark Sky; and artificial intelligence company Apple usually keeps its purchases tight-lipped, with most of them revealed by external media.

    Tim Cook Lands Fresh Pay Package

    Tim Cook, the Chief Executive of technology giant Apple, has been granted a new pay package that'll run from this year through 2025, as indicated by a filing submitted to the U.S. Securities and Exchanges Commission (SEC) by Apple. According to the filing, Tim Cook will receive 333,987 units of restricted stock that'll vest in thirds on an annual basis beginning 2023. The Apple CEO has also clinched a separate pay package of 333,987 units of stock that'll vest in 2023 and with an option to double if Apple meets certain performance targets. Under the compensation plan, Cook could pocket as much as 1 million shares over the next five years, shares worth $114 million going by Apple's current (as of writing) trading price of $114, and with even more potential to grow if Apple's share price climbs over the next five years.Cook, who took up the CEO position at Apple in 2011, has been handsomely paid over his career and just recently bagged a $280 million stock bonus as p…

    Gemini Expands Into UK

    Gemini, the popular US-based cryptocurrency exchange founded by the Winklevoss brothers, has officially fully expanded into the UK, now supporting cryptocurrency trading and custody transactions in pounds sterling (GBP), the UK's official currency. Gemini's launch, as expected, comes on the heels of the UK's Financial Conduct Authority (FCA) granting the company an Electronic Money Institution (EMI) license, a license that normally grants a firm the permission to store clients' money for longer periods and to also issue cards, e-wallets and other instruments that facilitate the usage of their clients' money. Gemini overall is one of the first crypto businesses to be given such a license in the UK.With Gemini's launch, users can now make crypto purchases with British pounds and also make pound deposits to fund their accounts on the go without any major need to transact in foreign currencies or incur exchange rate fees. Institutional investors in the UK are not s…

    EU Fights Apple Tax Fine Reversal

    The European Commission has said that it'll appeal an Irish tax penalty reversal that was recently granted to Apple after the technology giant won an appeal to a $15 billion tax penalty that was levied against it by the European Union's second-highest court. The tax penalty in concern was levied against Apple in 2016 over allegations that the European nation of Ireland granted selective tax breaks to the company, which maintains its European headquarters in Ireland. That penalty was later appealed by Apple as well as the Irish government, which both came out victorious in July of this year. Now, the European Commission's Executive Vice President, Margrethe Vestager, has said that it'll appeal the penalty reversal in the EU's highest court. Vestager is taking forward the matter to the European Court of Justice, officially the supreme court of the European Union. "If Member States give certain multinational companies tax advantages not available to their rivals,…

    Exotec Bags $90 Million Round

    Exotec, a French warehouse robotics startup, has announced that it's raised $90 million in a funding round led by venture capital firm 83North, with participation from Dell Technologies Capital, Iris Capital, and Breega. Exotec says it'll use the new funding to fuel its international development, particularly in the US state of Atlanta and the Japanese capital of Tokyo, and with an ultimate ambition to begin churning out as much as 4,000 robots each year by 2021.Exotec makes warehouse robots used by retailers and e-commerce companies to organize their warehouse fulfillment operations. The company's flagship product is the Skypod warehouse robot that's currently adopted by customers including French retail giant Carrefour and Japan's Fast Retailing, which is one of the biggest retailers in the country. Exotec, which is based out of France, has sought new international clients to boost business and has seemingly succeeded in doing so, with the company stating that it…

    Verizon Mulls Selling HuffPost

    Verizon, the telecom giant which also happens to have a quite large digital media operation, is seeking to sell one of its most popular media properties, news site HuffPost, to potential suitors including famous digital media upstarts like Vox Media, Group Nine, and Bustle Group, according to a report from the New York Post. According to the Post, Verizon has shopped HuffPost around to suitors amid significant losses and as it seeks potential buyers that could help cut costs and stabilize its operations. Among prospective buyers who were pitched to include Vox Media, a media company famous for brands like The Verge, Vox, and Polygon, and Group Nine Media, a company whose CEO, Ben Lerer, happens to be the son of HuffPost co-founder Ken Lerer. According to the Post, both companies passed on acquiring the news property, leaving other potential suitors such as media upstart Bustle Group, Rolling Stone publisher Penske Media, and J2 Global, a publicly-traded digital media company.According…