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On January 12, a domestic embodied artificial intelligence company specializing in humanoid robots announced the completion of a funding round worth 1 billion RMB (approximately $143.4 million). This round, classified as A++, makes it the only local company in its field backed by major internet giants including ByteDance, Meituan, and Alibaba Group.
The Shenzhen-based startup revealed that the new investment was led by prominent financial institutions, such as ByteDance, HongShan Capital Group, the Beijing Information Industry Development Fund, and Shenzhen Capital Group, alongside several regional investment platforms. Notably, this marks the first investment from a specialized new technology fund supported by Shenzhen Capital Group since its inception.
To date, the company has completed nine funding rounds, accumulating a total of 3 billion RMB in funding, according to company disclosures.
The firm has gradually expanded into multiple high-value industries, including manufacturing, logistics, and elder care. Its versatile applications across sectors demonstrate that its robots effectively address authentic market demands, leveraging strong adaptability and cost-efficient deployment, the company stated.
The company emphasized its plan to utilize its advanced model capabilities to further unlock the transformative potential of embodied artificial intelligence. It aims to maximize technological value within industrial settings, encourage widespread adoption of model-driven embodied AI across various industries, and contribute to industrial upgrading and productivity enhancement.
Established in December 2023, the company primarily focuses on developing general-purpose embodied large models, utilizing real-world data to create versatile robots capable of precise operations.
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