CloudMinds, Chinese cloud-based systems for intelligent robots operator, is planning to raise up to $500 million in an initial public offering in the U.S.

Under the deal, CloudMinds has filed papers with U.S. Securities and Exchange Commission regarding the offering.

The startup plans to use the proceeds from the listing for research and development of products, services and technology, as well as for potential strategic investments and acquisitions.

In March this year, CloudMinds had received $300 million in an equity financing backed by Japan's SoftBank Vision Fund.