Danikor completes record-breaking funding round to accelerate global expansion and R&D

Danikor is an automatic feeding and intelligent tightening solution provider based in WND. [Photo/WeChat account: xinwu_wx]

Danikor Automation Technology, based in Wuxi National Hi-Tech District, or WND, recently announced the completion of a new strategic financing round exceeding 100 million yuan ($13.93 million).

The round was jointly led by Xiaomi Industrial Investment and Eastern Bell Capital, setting a single-investment record in China's automatic feeding and intelligent tightening segment.

Founded in June 2012 in WND, Danikor has carved out a niche in screw automation assembly. Through continuous innovation and technical breakthroughs, the company has developed core product lines including automatic screw feeding and tightening systems and flexible feeding systems, serving industries such as automotive manufacturing, electronics, new energy vehicle systems, and robotics. Its smart assembly solutions are used by major players including NIO, XPeng, Volkswagen, BYD, and CATL.

Products developed by Danikor. [Photo/WeChat account: xinwu_wx]

The new funds will be used to strengthen core technology research and development, boost production capacity, and accelerate international expansion.

Danikor's core products have obtained CE and UL certifications and are exported to more than 20 overseas countries, including Germany, France, the United States, Mexico, and South Korea. The company has established subsidiaries in Germany and Singapore, with another planned in the US, further expanding its global service network.

Talent is central to Danikor's innovation drive. According to marketing manager Sun Guang, 60 percent of the company's employees are R&D personnel. Danikor allocates 15 percent of its annual revenue to research and development and has secured 120 independent intellectual property rights, including 22 invention patents.