Demark Precision raises US$57.8M Series C to expand into robotics hardware

What's the deal? Chinese high-end component maker Demark PrecisionDealroom has a profile for this one. Try Dealroom → has raised US$57.8M in a Series C round. Shanghai Furong InvestmentDealroom has a profile for this one. Try Dealroom → led, with participation from Changxing Industrial 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 backer Yunqi PartnersDealroom has a profile for this one. Try Dealroom → added to its stake.

What's the endgame? Demark Precision supplies high-precision parts, large components, and functional structural assemblies. Its customers are mid- to high-end equipment makers in solar, wind, semiconductor, and heavy industry.

Why now? The company plans to use the funds for process research and development, expanded capacity, and market growth — with a focus on key hardware for robotics.

The signal: The round marks a bet that precision-parts suppliers can move up the value chain from established sectors like solar and wind into robotics, one of China's fastest-growing hardware markets.

Read more: IT Juzi

Image credit: Jordanhill School D&T Dept