Zibianliang Robot completes 1.1 billions yuan A++ round financing, with participation from ByteDance, Sequoia China, and others

BlockBeats News, January 12, Chinese high-tech startup X Square Robot (abbreviated as X²), which focuses on embodied intelligence, announced that it has completed a 10 billions RMB Series A++ financing round. This round was jointly invested by top investment institutions and diversified local platforms, including ByteDance, Sequoia China, Beijing Information Industry Development Fund, Shenzhen Capital Group, Nanshan Strategic Emerging Industry Investment, and Xichuang Investment.

It is reported that this is also the first investment made by the Shenzhen Capital Group AI Fund since its establishment. Notably, apart from ByteDance, X Square Robot previously received investments from Meituan and Alibaba in earlier rounds, making it the only embodied intelligence company in China to be invested in by all three of these major internet giants. (Yicai Global)