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China’s work automation startup Laiye raises $160M, acquires France’s Mindsay

TechCrunch

Laiye’s Series C financing came in three tranches, with the last one to have recently closed at $70 million, an oversubscribed round led by influential Chinese private equity firm Hopu Magnolia. To fill the gap, he started Laiye in 2015.

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TechCrunch: Where top VCs are investing in construction robotics

Dream It

Over the last few years, we’ve seen many entrepreneurs begin to tackle challenges in the construction world using robotics and AI, ranging from data-collection to completion of actual construction tasks like electrical wiring, drywall installation, concrete pouring, pad leveling and much more.