Demark Precision raises $58M Series C to scale robotics hardware
What's the deal? Demark (Zhejiang) Precision Technology has raised 420 million yuan ($58 million) in a Series C round led by Furong Investment. The Zhejiang-based maker of high-precision components will use the funds for process research, production capacity and market development.
Who's in? New backers include Changxing Industry Group, Nanhu Equity Fund, Huayi Venture Capital, Yuanjing CapitalDealroom has a profile for this one. Try Dealroom →, Deqing Industrial Investment, Huaan JiayeDealroom has a profile for this one. Try Dealroom →, and Guoxin Venture CapitalDealroom has a profile for this one. Try Dealroom →. Existing shareholder Yunqi Capital added further capital.
What does it do? Founded in 2016 in Changxing County, Huzhou, Demark supplies high-precision parts, structural components and functional assemblies. Its main customers are semiconductor, photovoltaic, wind-power and heavy-industry equipment makers.
Why now? The new capital directly targets robotics-related precision hardware. Demand is rising for reliable domestic suppliers of structural and functional components in embodied intelligence and automation equipment.
What's the endgame? Demark runs constant-temperature plants exceeding tens of thousands of square meters and covers welding, stress-deformation control, micron-level machining and surface treatment. It reports delivery acceptance rates above 99% on tight-tolerance work and holds provincial specialized and innovative enterprise status.
The track record: The company has completed multiple prior rounds, including a Series A of more than 100 million yuan in 2023 led by Jushi Venture CapitalDealroom has a profile for this one. Try Dealroom →, followed by A++ and later injections involving Zheshang Venture CapitalDealroom has a profile for this one. Try Dealroom → and other regional investors.
The signal: China's push for domestic precision hardware is drawing capital toward suppliers positioned for the robotics and automation buildout. Demark's raise reflects investor appetite for the picks-and-shovels layer beneath embodied intelligence.
Read more: TMTPost
Image credit: Jordanhill School D&T Dept
