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Zhongqing Robotics completes a Series B+ funding round; the representative of an external investor resigns from the Board of Directors
Shenzhen Zhongqing Robotics Technology Co., Ltd. has completed its Series B+ funding round after previously announcing a Series B round worth $200 million in April. The specific amount raised and the list of investors have not yet been disclosed.
After the Series B round, Zhongqing Robotics’ valuation is believed to have exceeded 10 billion RMB, placing the company among the highest-valued enterprises in the humanoid robot market in China. This information is from an official source mentioned in the news report.
Recently, REDA NIDHAKOU, the foreign investor representative of Zhongqing Robotics, resigned from his position on the company’s board of directors. Previously, he participated in the board through an investment from a fund based in the UAE.
There are no additional details about the reasons for his resignation or the specific impact of this change on the company’s governance structure. Zhongqing Robotics has also not disclosed further information about the investors in the Series B+ round.
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