MegaRobo raises $300 mn in a VC funding round

MegaRobo Technologies, a Chinese start-up that uses artificial intelligence and robotics in life sciences research, has raised $300 million in a VC funding round led by Goldman Sachs Asset Management, Asia Investment Capital and GGV Capital.
MegaRobo, whose products include a COVID-19 testing solution, plans to use the fresh funds to fund research and development, increase capacity and expand its presence into new international markets.