Doosan discloses a $33.7 million raise as it launches a robotic camera system at CES

This week, Doosan Robotics announced a $33.7 million funding round led by Praxis Capital Partners and Korea Investment Partners. The fundraising news comes as the Seoul-based company exhibits its wares at the Consumer Electronics Show (CES).

According to the company, the funding will increase R&D and attract new partners as it seeks to expand its global footprint. Doosan also notes in a press release that its robotics systems have reached 1,000 units per year, with sales outside of Korea (primarily North America and Western Europe) accounting for roughly 70% of that total. The company is also considering an initial public offering (IPO).

Doosan is best known for its collaborative robots (cobots), which are used in various applications ranging from manufacturing and research to the coffee-making barista robot, Dr. Presso, which debuted late last year.

“We’re looking forward to expediting the growth of our business with the recent funds raised. We will further enhance the competitiveness of new products and software that are mounted with our proprietary technology and strive to attain the position as number one market share holder in the global cobot market,”

Junghoon Ryu, CEO, Doosan Robotics
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