X-Square Robot, an embodied AI startup, has successfully closed four consecutive funding rounds, achieving a valuation of $2.8 billion. The company has secured backing from all four major Chinese internet corporations: Tencent, Alibaba Group, Baidu, and ByteDance. This significant financial milestone positions X-Square Robot as a key player in the physical-AI foundation model space. AI
IMPACT This funding round for X-Square Robot signifies strong investor confidence in embodied AI and its potential to build physical-AI foundation models.
RANK_REASON Significant funding round for an AI company with backing from major tech giants.
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