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Source: Lieyun.com

Recently, Botai Automation, a company engaged in the research and development of self-controlled general-purpose high-end CNC systems, completed an angel+ round of financing of nearly 100 million yuan, led by Shida Investment, followed by Qiyuan Capital and Yiyuan Investment, and old shareholder Yaotu Capital continued to make additional investments.

Botai Automation Technology (Shanghai) Co., Ltd. was established in January 2023. It is committed to building China's first independently controllable high-end general-purpose CNC system, and fully covering the entire life cycle of the CNC system from research and development to sales.

CNC machine tools are called the "heart of modern industry" and are the key areas for high-end breakthroughs in the manufacturing industry. The technical level of high-end CNC machine tools is one of the standards for measuring a country's core manufacturing capabilities. Among them, the CNC system is the brain of the CNC machine tool, accounting for 20% to 40% of the total cost. The high-end market is basically occupied by foreign leaders and faces policy risks such as bans on sales and transportation, or long delivery cycles and high costs.

With the development of China's high-end equipment manufacturing fields such as automobile industry, rail transit, electronic information equipment, shipbuilding, aerospace, etc., in order to avoid the risk of being strangled, it is crucial to develop China's own controllable high-end CNC systems, and there is huge market space for domestic substitution.

Song Ye, managing director of Glory Ventures, said, "Intelligent manufacturing is the cornerstone of China's development, industrial machine tools are the key to intelligent manufacturing, and CNC systems are the brains of industrial machine tools. Botai's core team is extremely scarce in the field of high-end CNC systems, and is also determined to break through the current domestic bottleneck situation. Therefore, Glory Ventures has always been optimistic about Botai's breakthroughs in this field and will continue to invest in Botai in this round. Industrial software in intelligent manufacturing is one of the key tracks of Glory Ventures. Glory Ventures will continue to deepen its presence in the intelligent manufacturing industry, work with entrepreneurs, and build an intelligent manufacturing ecosystem."