China-based cloud robots creator, developer and operator Cloudminds, a subsidiary of CloudMinds Technologies, is raising $300 million in funding.

Japanese internet to telecommunication company SoftBank’s Vision Fund is joining the investment round.

Cloudminds will use the funds to extend its $20 million production line it is building in Shanghai.

Furthermore, the company will also use the proceeds from the round to ramp up production capacity with the goal of tripling its revenue this year.