Shenzhen-based X Square Robot, a Chinese embodied AI startup that develops robots and foundation models for real-world applications, said on June 29 that it had completed four consecutive funding rounds.

The latest series C round valued the company at more than US$2.8 billion.

The startup said the new capital will support core technology, research in embodied intelligence, commercial deployments, and robotics infrastructure.

IDG participated in the series C round, while HSG and Xiaomi backed multiple earlier rounds.

X Square Robot also said Meituan, Alibaba, ByteDance, and Xiaomi had led funding rounds at different stages.

The startup said this made it the only embodied AI company in China to secure backing from four leading Chinese technology companies.

Founded in 2023, X Square Robot introduced its WALL-B embodied AI foundation model in April 2026.

It is also deploying robots in homes through an AI-powered cleaning service with 58.com in Shenzhen and Beijing.

🔗 Source: X Square Robot