Beijing humanoid robotics hub raises $100 million
Beijing Innovation Center of Humanoid Robotics Co. Ltd. has raised more than 700 million yuan ($100 million) in its first financing round, drawing backing from state-backed investment vehicles and tech giant Baidu Inc. to accelerate the development of embodied artificial intelligence. Completed Tuesday, the round attracted capital from the Beijing Robotics Industry Development Investment Fund, E-Town Capital, the Beijing Gaojingjian Industrial Development Investment Fund and TH Capital. Strategic investors included Baidu and industrial internet provider Kyland Technology Co. Ltd. The deal underscores China’s push to commercialize humanoid robotics, a sector increasingly viewed by policymakers and investors as a new frontier for autonomous efficiency in manufacturing and services.
