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Summary
X Square Robot, a Shenzhen-based embodied AI and humanoid robotics startup, closed a CNY1 billion (USD143.4M) A++ financing round led by ByteDance and other top investment institutions. The company says it is now the only domestic embodied AI firm backed simultaneously by internet giants including ByteDance, Meituan, and Alibaba. Founded in December 2023, X Square Robot has raised CNY3 billion across nine rounds and targets industrial manufacturing, logistics, and elderly care with its general-purpose embodied large models. The firm plans to scale model-driven embodied AI deployments across industries to boost industrial upgrading and productivity growth.
Funding
Amount
$143.4M
Total raised
Date
January 12, 2024
Announcement date
Investors
Bytedance
Lead investors
Company
-
Funded company
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