Shenzhen-based Pudu Robotics, a commercial service robot maker, secured $150 million in new funding. The round brings the company's total funding to over $300 million and values it at more than $1.5 billion.
Pudu Technology Inc. announced the funding milestone as it scales production of robots deployed in restaurants, hotels, and retail environments. The company manufactures autonomous service robots designed to handle food delivery, cleaning, and customer interaction tasks in commercial settings.
With the new capital, Pudu plans to expand manufacturing capacity and accelerate product development. The funding reflects growing investor interest in the service robotics sector, as businesses seek automation solutions for labor-intensive operations.
Pudu joins a growing list of robotics startups achieving unicorn status. The company competes in a market where demand for autonomous service solutions has accelerated post-pandemic, driven by hospitality and retail sectors seeking operational efficiency and reduced contact interactions.
The company previously disclosed plans to pursue public markets, though no IPO timeline has been announced.
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