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Benzinga
Benzinga
Business
Paula Tudoran

Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids

Alibaba Cloud

X Square Robot, a Shenzhen-based humanoid startup, secured approximately $100 million in funding led by Alibaba Group Holding (NYSE:BABA) through Alibaba Cloud in a deal that strengthens the company's expansion in the robotics market.

The latest investment brings the startup’s total funding to around $280 million across several financing rounds since launching in December 2023, X Square Robot Chief Operating Officer Yang Qian told CNBC earlier this week.

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