Sports-training robot maker PONGBOT raises hundreds of millions of RMB in Series B

Chinese AI sports-hardware company PONGBOT has completed a Series B funding round worth hundreds of millions of RMB, according to an October 11 announcement. Shanghai State Investment Pilot Fund led the round, joined by Hua Capital and Pudong Venture Capital, while existing investor BlueRun Ventures increased its investment. PONGBOT began with table-tennis training robots before expanding into tennis and other sports.