Quick Take
CloudMinds (CMDS) has filed to raise gross proceeds of up to $500 million from a U.S. IPO, according to an F-1 registration statement.
The firm is focused on the development and commercialization of cloud-based smart robots.
CMDS has shown strong if uneven growth and has positive industry growth trends in its favor.
Company & Technology
Beijing, China-based CloudMinds was founded in 2015 to develop and commercialize cloud-based robots and underlying software.
Management is headed by Founder, Chairman, and CEO William Xiao-Qing Huang, who was previously president of China Mobile