Chinese robotics company X Square Robot announced it has completed a 1 billion yuan (approximately $150 million) Series A++ funding round, backed by top-tier investors including ByteDance, Sequoia China, Beijing Information Industry Development Fund, Shenzhen Capital Group, Nanshan Zhixin Investment, Xichuang Venture Capital, and several other regional platforms.

Sources said this is the first investment by Shenzhen Capital Group’s AI fund since its establishment.

Notably, X Square Robot is also one of the few domestic embodied intelligence startups to have previously received investments from both Meituan and Alibaba, making it the only company in China simultaneously backed by all three major internet giants.

The startup did not disclose specific use-of-funds details, but funding rounds of this scale are typically directed toward accelerating R&D, production, and commercialization of embodied AI and robotics solutions.

X Square Robot operates in the rapidly growing embodied intelligence sector, focusing on AI-powered robotics capable of interacting with the physical environment. Industry observers note that the company’s unique position of having strategic investors across multiple leading tech platforms could provide both financial resources and ecosystem advantages in China’s competitive robotics landscape.