Received a total investment of US$33.7 million from Praxis Capital Partners and Korea Investment Partners
Plans to establish North American and European subsidiaries to expand global market footprint
Going to IPO in the future, while enhancing R&D capabilities and increasing global market share
Doosan Robotics announced today that it has become the first company in Korea to sell 1,000 collaborative robots annually.
Founded in 2015, Doosan Robotics is dedicated to producing collaborative robots using proprietary technology, and has maintained its No. 1 market share position in South Korea since 2018.
Doosan Robotics is also doing well in the global market, being the first Korean company to be named one of the world’s top five collaborative robot producers. Currently, the company’s global performance accounts for 70% of its total sales, with continued growth in demand from markets such as North America and Western Europe. Doosan Robotics plans to establish subsidiaries in these regions to further accelerate growth.
The company also announced that it has successfully raised an investment worth $33.7 million from Praxis Capital Partners and Korea Investment Partners, with investors hailing Doosan Robotics’ achievements and competitiveness. The funds raised will be used to expand the company’s global sales base and strengthen research and development to attract more global and Korean collaborations. The company is also planning an initial public offering (IPO), aiming to become the global market leader in collaborative robots in manufacturing and service.
“We look forward to accelerating business growth through the recently raised funds,” said Doosan Robotics CEO William (Junghoon Ryu), “Doosan Robotics will further enhance the competitiveness of new products and software based on our proprietary technology, and strive to become a global leader in collaborative robots. No. 1 in market share.”
Meanwhile, Doosan Robotics will participate in the 2022 International Consumer Electronics Show (CES), which will be held from January 5 to 8. The company’s newest service robots will make their global debut at the show, including the unmanned modular robotics cafe DR.PRESSO and the CES award-winning robotic camera system – NINA, which stands for “New Inspiration. New Angle”.
About Doosan Robotics
Doosan Robotics was founded by the Doosan Group in 2015 to create next-generation manufacturing technology. Founded in 1896, Doosan Group has 25 affiliates and 114 global entities around the world, with 2020 revenue of $15 billion.