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FJDynamics raises $70Mn to make manual labor across industries easier

FJDynamics raises $70Mn to make manual labor across industries easier
FJDynamics raises $70Mn to make manual labor across industries easier

Chinese robotics startup, FJDynamics has reportedly secured $70 million in Series B funding round, edging towards its goal of empowering workers in harsh environments with the help of robotic technology.

According to the company, the funding will be used in growing its robotics automation technology in fields of agriculture, gardening, construction, and facility management, as well as in increasing the supply of ESG products offered by the company in over 60 countries.

The company has not yet revealed the details of its sole investor in the latest funding round but confirms that it is a major internet firm in China.

With Beijing pushing for a digital upgrade in the country’s traditional industries, companies like FJDynamics are in high demand by investors.

Some of FJ Dynamics’ early investors include the Chinese tech conglomerate Tencent, as well as the Dongfeng Asset Management, the investment unit of state-owned automaker Dongfeng.

Founded in 2017 by Wu Di, FJ Dynamics focuses on agriculture robots and related tools such as unmanned lawnmowers, feed pushing machines, and orchard sprayers, but now has widened to fields that require heavy manual work like construction and manufacturing.

Commenting on the investment, Mr. Wu says that while robotic technology is being applied in the making of drones and autonomous vehicles, it is not providing benefit to majority of people that work in physically demanding sectors such as agriculture, gardening, or construction.

FJDynamic’s aim, according to its founder, is to make farmer's work easier by applying robotic technology in improving their work environment instead of replacing them with robots. 

Notably, FJDynamic’s recently acquired Swedish farming company Sveaverken makes use of one of its popular products — the automated feed pusher. The feed pushing robot makes sure that cows are well-fed throughout the day to produce high-quality milk so that lesser workers are required to stay on-site tending to the cattle.

Source credit: https://techcrunch.com/2021/11/28/fj-dynamics-70-million-funding/

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