Chinese Robotics Startup Raises $200 Million
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
A full-size general-purpose humanoid robot displayed by LimX Dynamics in Shenzhen, Guangdong province, on April 22. Photo: VCG
Chinese humanoid robot developer LimX Dynamics has raised nearly $200 million in a pre-IPO funding round, bringing its valuation to 15 billion yuan ($2.2 billion).
The massive capital injection highlights a broader investment boom in China’s rapidly expanding embodied artificial intelligence sector, as a wave of robotics startups reach unicorn status and eye public listings.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Save an extra $50. Introductory offer for new readers. Subscribe now.
- RELATED
Share this article
Open WeChat and scan the QR code
Sign in with Google
Sign in with Facebook
Sign in with 财新