Nio Capital and Alibaba Back Robotics Startup in $138M Two-Round Raise

TL;DR


Summary:
- Nio Capital and Alibaba have invested in a robotics startup called Flexiv, which has raised $138 million in a two-round funding.
- Flexiv is developing advanced robotic systems that can adapt to different tasks and environments, using AI and machine learning technologies.
- The funding will help Flexiv expand its research and development efforts, as well as scale up its production and deployment of its robotic solutions.

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