Saudi Aramco VC arm invests in Chinese medical robot startup
- Date: 14-Jul-2021
- Source: Zawya
- Sector:Technology
- Country:Saudi Arabia
Saudi Aramco VC arm invests in Chinese medical robot startup
RIYADH: Prosperity7 Ventures, the venture capital arm of Saudi Aramco, has invested in Chinese medical rehabilitation robot firm Fourier Intelligence as part of the startup's Series C+ funding round.
"All proceeds will go towards global market expansion and technological development, furthering the company's mission to provide intelligent rehabilitation technologies to empower clinicians and neurological patients," the Chinese company said in a Linkedin post.
As part of the investment, Prosperity7 Ventures will back the expansion of Fourier's smart rehabilitation robotics into the Saudi market.
Founded in 2015, Shanghai-based Fourier Intelligence has research and development R&D centers in Singapore, Chicago, Phoenix, Zurich, Melbourne, Madrid, Kobe and Kuala Lumpur, and primarily sells physical rehabilitation equipment and robots.
Fourier products have been widely installed in more than 1,000 institutions and the company has a client base spanning across 50 countries.
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