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China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

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Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally.
The round is led by Singapore’s sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventures, a growth fund under Aramco Ventures, which is an investment subsidiary of Saudi Arabia’s state oil firm Aramco.
Collaborative robots, known as “cobots”, are meant to work alongside humans rather than in isolation. Based out of Shanghai and Beijing, Jaka’s robotic arms can augment humans in a range of tasks, from assembling electronic parts, pouring from a coffee machine to packaging smartpho …

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