China’s Embodied AI Sector Sees Funding Surge as Investors Race Not to Miss Out
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China's embodied AI sector has seen a surge in funding, with at least 269 funding rounds completed in the first 100 days of the year, raising CNY34.5 billion. Investors are racing to invest in the sector, driven by its diverse application scenarios and huge market potential, with some popular projects being chased by multiple funds.
China's embodied AI sector has seen a significant increase in funding. At least 269 funding rounds were completed in the first 100 days of the year, raising CNY34.5 billion. The sector raised CNY58.7 billion in the primary market last year. Startups in the sector are working on areas such as brain algorithms and robot hardware. Investors are competing for a stake in popular embodied AI projects, with at least 15 fundraisers of CNY1 billion or more so far this year. The largest single deal was by Galbot, a startup focused on embodied multimodal large-model general robots, which raised CNY2.5 billion in early March.
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