Yesterday, Xinghaitu officially announced that it had successfully completed a new round of Series A financing, with a total financing amount of nearly 300 million yuan. This round of financing was exclusively led by Ant Group, and a number of old shareholders such as Hillhouse Venture Capital, IDG Capital, Beijing Robot Industry Fund, Baidu Venture Capital, and Tongge Venture Capital continued to increase their weight, fully demonstrating the high recognition of the company's technical strength and growth potential by the capital market and shareholders.
It should be noted that in just one year, Xinghaitu has successfully completed four rounds of financing, with a cumulative financing amount of nearly 100 million US dollars, and has quickly become one of the top embodied intelligent startups in China.
It is reported that this round of funds will be mainly used to accelerate the research and development and verification of the embodied basic model, further drive the iterative upgrading of the trinity of Xinghaitu ontology, intelligence and commercialization, and become the world's leading embodied intelligence enterprise.
Xinghaitu was established in September 2023, the founder Gao Jiyang was born in 92, and the physics competition was sent to the Department of Electronics of Tsinghua University, and then studied under Professor Ram at the USC IRIS Computer Vision Laboratory of the University of Southern California, completed his doctoral studies in computer vision in 3 years, and joined Waymo and Momenta after graduation.
At the same time, the company has two world-class embodied intelligence algorithm scientists and assistant professors of the Institute for Interdisciplinary Information Sciences of Tsinghua University, which makes Xinghaitu have the world's most cutting-edge technical understanding and innovation capabilities in the field of perception, movement and operation in the field of embodied intelligence.
The core team of Xinghaitu has also gathered practitioners with rich experience in the implementation of innovative technology products and mass production of autonomous driving, and can jointly overcome the challenges of embodied intelligence technology with high difficulty, high complexity and wide disciplinary span. Relying on the scarce full-stack capability configuration of embodied intelligence and strong team execution, Xinghaitu is also continuing to demonstrate the world's original disruptive technology implementation and outstanding product delivery achievements.
From the very beginning of its establishment, Xinghaitu has established a development path that takes the landable agent products as the starting point and gradually builds a realistic business closed loop and a data closed loop. The company firmly believes that the key manifestation of embodied intelligence lies in "one brain polymorphism", and brain intelligence is the key card point for the realization of embodied intelligence. Based on this, the company has built an Embodied Foundation Model (EFM) and a spatial intelligence engine (Real2Sim2Real, RSR) paradigm.
At the 2024 World Robot Conference, Xinghaitu unveiled for the first time the full-size wheeled double-arm embodied body R1, which is fully autonomous and forward-developed from hardware to software. The R1 can effectively perform all-scene, all-terrain, and all-space passage, and complete operation tasks such as moving boxes, picking up parts, opening and closing doors, and pressing buttons.
At the beginning of January this year, Xinghaitu launched the R1 series of humanoid general-purpose robots, including the data acquisition double-arm mobile platform R1Lite, the full-size humanoid robot R1 and the new generation of humanoid general-purpose robot R1Pro, with a maximum of 26 degrees of freedom for the whole body of the robot, a maximum load of 10kg for both arms, and a price starting at 199,000 yuan.
In terms of commercialization, Xinghaitu is committed to building a cutting-edge ecosystem of embodied intelligence around the technological boundaries of intelligence, continuously exploring the application potential in intelligent manufacturing, warehousing and logistics, cross-border e-commerce, and household scenarios, and exploring the fastest landing speed of embodied intelligence scenario applications with clear deployment paths and close upstream and downstream joint co-creation.