Doosan Robotics this week announced $33.7 million in funding, led by Praxis Capital Partners and Korea Investment Partners. Fundraising news arrives as the Seoul-based company showcases its wares at CES in Las Vegas.
The company says the funding will be used to increase research and development and attract new partners as it looks to expand its global presence. Doosan also reports in its release that its robotics systems have reached 1,000 units per year, while sales outside Korea (mainly North America and Western Europe) now account for nearly 70% of that total number. The company is also in the process of looking for a public offering.
“We look forward to accelerating our business growth by raising funds recently,” CEO Junghoon Ryu said in a statement. “We will enhance the competitiveness of new products and software that are installed with our technology and strive to reach the number one position as the first market share holder in the global Cubot market.”
Doosan is primarily known for its collaborative robots (cobots), whose use spans from manufacturing and research to the barista’s coffee-making robot, Dr. Brisso, which debuted late last year.
Aside from the funding news, the company also announced the NINA (“New Inspiration. New Angle”) camera system. We mentioned it a few weeks ago, after it won the CES Innovation Award, but this week we’re getting more information about the robotic system, which is due for release in March.
The company refers to NINA as its “product consumer” system, which probably applies to what is supposed to be a relatively button-press method for capturing potentially complex snapshots. This arrives in part, due to things like object tracking, along with an open platform that allows users to program different snapshots.
“Nina brings a whole new era to Doosan as we expand our offerings to the entertainment and content genre,” the company’s CEO said in a separate statement. “Our goal was to offer something accessible yet innovative to professional content creators across entertainment, advertising, social media and other related industries, and we are confident NINA will make great avenues across the board.”