Meituan leads Series D for collaborative robot maker FAIRINO

Chinese collaborative robot maker FAIRINO has closed a Series D round led by Meituan, after a Series C+ led by Meituan's Long-Z investment arm. The two rounds raised nearly RMB 1 billion combined. Proceeds will fund production capacity, its ART force-controlled robotic arms and AIRLab embodied-intelligence platform, plus global expansion.

• Series C+ and D together raised nearly RMB 1 billion
• Meituan led Series D; its Long-Z arm led Series C+
• Other investors include Yongxin Capital and Suzhou Capital Group
• Funds go to ART robotic arms and the AIRLab platform