03 January 2020:
Full stack AI home robot startup Trifo has raised $15 million in Series B round of funding. Yidu Cloud, Tsinghua AI Fund and Matrix Partners participated in the funding round.
The startup also announced Lucy, a smart home robot vacuum outfitted with an AI-powered brain.
The startup will use the fresh capital for for continued hardware and software development on future Trifo AI home robots, U.S. and European market expansion, and talent acquisition.
Zhe Zhang, Founder and CEO, Trifo, said, “Revenue for smart home products globally will grow to $28.4 billion in 2020, up 54% from $18.5 billion in 2018, and the feature set of these devices continues to improve. Lucy reflects the evolution of our products from robot vacuums to AIoT-enabled home robots that can assist with a wide range of features that help people with their life and work.”
Yicheng Li, Partner, Tsinghua AI Fund, said, “Trifo has quickly developed highly advanced algorithms and AI-based robotic intelligence and monetized these into commercially-viable products. We are eager to support the company and Zhe’s leadership as it expands its offering into a complete ecosystem of home robots to serve a wide range of people’s needs.”
Rick Liang, Senior Vice President of Yidu Cloud, said, “We support Trifo’s vision for AI home robots, which goes beyond traditional cleaning capabilities. With the strategic investment in Trifo, we look forward to enhancing the home robot experience into a new dimension (i.e., healthy home and consumer-level health monitoring).”
(Image – Trifo)