X Square Robot raises $588m across four rounds to advance embodied artificial intelligence
The funding values the company at approximately $2.9bn with backing from Alibaba, ByteDance, Meituan, and HongShan.
≈ £439M at $1 = £0.7466 on 8 Jul 2026
Based in Shenzhen, X Square Robot develops end-to-end embodied artificial intelligence systems and data pipeline platforms for autonomous physical tasks.
X Square Robot has secured $588m across four consecutive funding rounds, reaching a valuation of approximately $2.9bn. Backers in the company include Alibaba, ByteDance, Meituan, and HongShan.
The capital will be used to deepen investment in core technologies and foundational research in embodied intelligence, supporting the development of general-purpose systems capable of bridging the physical and digital worlds.
Use of funds
- 01Fund research and development
- 02Fund the next phase of growth
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About the company
X Square Robot
X Square Robot builds end-to-end embodied artificial intelligence systems for autonomous physical tasks.