Chinese startup YITA attracts over 100 million yuan in investment from Galbot and Fourier

CubiFab, a company based in Shenzhen, has raised tens of millions of yuan in a new funding round. The investments came from Nanshan Strategic Emerging Industries Investment and Longhua Capital, as announced on October 23.

The company plans to use the funds to increase production volume and supply of its first product, the CubiFab C1. Furthermore, CubiFab intends to strengthen its supply chain and expand overseas sales channels.

The C1 model is a personal CNC workstation that allows users to manufacture metal parts directly on their desk. This system integrates process control and monitoring functions directly onto the device, simplifying tasks that previously required separate tools for design, processing, and setup.

The CubiFab team consists of former employees from companies such as Intel, Apple, DJI, Anker, and Bambu Lab, providing a combination of experience in industrial management and consumer hardware development.

The Shanghai-based robotics startup Jingji Intelligent for cleaning has successfully attracted tens of millions of yuan in seed funding. The investments came from Haowen Tianshu Robotics and Shanghai Lanyun Industrial Development.

Information about the fundraising was disclosed on October 20, approximately one month after the company's founding in September.

Jingji Intelligent's main focus is cleaning vertical surfaces, countertops, and sanitary ware. To achieve this, the company utilizes force control, machine vision, and high-precision actuation methods borrowed from medical robotics.

The company plans to maintain its research and development operations and supply chain within China, while focusing on international clients. Partnerships have already been established in Australia, Spain, Singapore, and Vietnam, and the company is now moving into the product validation stage after defining the technical approach and product architecture.