IDG Capital and Meituan led a $155m Series C funding round in Mech-Mind.

IDG Capital, an investment and asset management firm, and Meituan, a consumer products and retail services company, led a $155m Series C funding round in Mech-Mind, a provider of complete and cost-effective solutions. Other investors include Sequoia Capital China and Source Code Capital. Mech-Mind is an industrial robot developer, that uses new generation technologies such as deep learning, and 3D vision to cater to its clients. It currently caters to sectors such as automobiles, home appliances, food and beverage, logistics, pharmacy, and banking, among others.