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Alibaba-backed robotics firm completes $69m series A
LimX Dynamics, a company specializing in humanoid and robotic technology, has completed its series A+ financing round, raising a total of 500 million yuan (US$69.02 million) over the past six months.
The round received support from industrial players and financial institutions, including Alibaba Group, with existing shareholders continuing to invest.
In December 2024, the company demonstrated a full-size humanoid robot capable of basic movements like squatting and standing. The robot features a 360° rotating hip joint for improved flexibility.
LimX Dynamics remains focused on developing both bipedal and quadruped robotic systems.
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