X Square Robot raises 140$M Series A for embodied robotics

Chinese startup X Square Robot has closed a Series A round of about 140$ million. The investment was led by Alibaba Cloud, alongside investors such as CAS Investment Management, China Development Bank Capital, Meituan, HongShan Capital, and Legend Capital.

Founded in Shenzhen in 2023 by Wang Qian, the company operates in the field of embodied humanoids and develops robots designed to adapt to different tasks and environments. The robots are currently intended for use in logistics, elderly care, education and services.

Particularly interesting is the release of their open-source foundation model for embodied AI WALL-OSS. This makes the company one of the larger players to publicly share advanced embodied AI tools. Similar to Nvidia's approach with Groot N1, they are promoting common standards and potentially establishing their own, while aiming to foster collaboration between ecosystems and the wider dissemination of general-purpose robotic capabilities. Quanta X2 is the company’s flagship product, a humanoid robot designed for versatile use in domestic and commercial settings, and is already powered by their WALL-A model.

With the new funding, X Square plans to expand its data collection infrastructure, accelerate model updates, and launch the first pilot shipments of Quanta X2 by 2025.

Founders: Wang Qian

Sources: X Square Robot, Crunchbase, TMTPost