Galbot, a developer of humanoid robots specializing in embodied AI models based in China, has successfully raised RMB 2.5 billion (approximately $350 million) in a recent funding round. This investment attracted notable backers, including the China Integrated Circuit Industry Investment Fund, Sinopec, and CITIC-affiliated investment entities, alongside contributions from existing shareholders. The company plans to utilize the funds to advance its technology and expand its operations in the rapidly evolving robotics sector.
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Original from TechNode.com: Humanoid robot maker Galbot raises RMB 2.5 billion
Humanoid robot maker Galbot raises RMB 2.5 billion
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