Doosan announced a $33.7 million raise to showcase robots at CES 2022

This week, Doosan Robotics announced a $33.7 million funding round led by Praxis Capital Partners and Korea Investment Partners. Meanwhile, the industrial robot also showcased some interesting new products at the Consumer Electronics Show in Las Vegas (CES 2022). Doosan said the funds will be used to ramp up research and development efforts and attract new partners with a view to bringing its products to more market regions internationally.

Doosan Robotics noted in a press release that the company's robotic systems have reached 1,000 sets a year, and that market sales outside of South Korea,primarily North America and Western Europe, now account for about 70 percent of the total, and that the company is considering an initial public offering (IPO).

CEO Junghoon Ryu said:

We look forward to driving business growth through the recently raised capital and will further enhance the competitiveness of new products and software equipped with our proprietary technology, and strive to become the number one player in the global collaborative robot market."

Doosan is known for its various cobots, including coffee robots in addition to traditional manufacturing , such as Dr. Presso , which debuted at the end of 2021.

The biggest surprise during CES 2022 was the company's NINA "Professional Consumer" camera system. The name is an abbreviation for "New Inspiration/New Angle" and received the CES Innovation Award a few weeks ago.

The company's CEO added in a separate statement:

As we expand our offerings into entertainment and content, NINA can usher Doosan into a whole new era.

NINA is built to provide innovative and easy-to-use tools for professional content creators in entertainment, advertising, social media, and other related industries.

Finally, we expect to learn more about the robotic system this week, and if all goes well, it will be officially released in March this year.