The Belt On 9 September, Luoyang Bearing Corporation, a Chinese high-end bearing maker with more than seventy years in the field, began trading on the ChiNext board of the Shenzhen Stock Exchange, adding a fresh name to the list of robot-core-component plays on the A-share market. The firm filed for IPO tutoring with Henan regulators in July … Read more
On 4 September, Singapore robotics firm Hivebotics closed a US$6 million Series A round, a modest sum next to the hundreds of millions common in China’s robot sector, yet notable for who wrote the cheque. The round was led by Vertex Ventures Southeast Asia and India, with Fareast Land Development, the property arm of Taiwan’s … Read more
Zhidx reported on 9 September that US AI coding unicorn Cognition has closed a Series E above US$2 billion, about RMB 13.4 billion, at a valuation of US$48 billion, about RMB 322.1 billion. Cognition co-founder and CEO Scott Wu. (Source: Zhidx) The round was led by new investors a16z and Accel, with existing backers Founders … Read more
Ruisong Technology said it plans a private placement of up to 784 million yuan, with the net proceeds after fees going wholly to a high-speed six-axis robot industrialisation project, an HQ and R&D centre upgrade, and working capital and debt repayment. The issue aims to expand capacity for market demand, lift process and quality, and … Read more
A sweep of China auto and robotics news on 8 September points to the same direction: Chinese electric mobility and robotics are pushing harder into overseas and embodied-intelligence manufacturing. Several items stand out for international readers. The Zeekr 7X reached its 200,000th mass-produced unit at the Ningbo Meishan smart factory. (Source: Gasgoo) Zeekr 7X rolled … Read more
Zhidx reported on 9 September that Hangzhou three-dimensional compute-in-memory AI chip firm Weina Hexin has closed a RMB 1 billion C1 round and will soon reach scaled commercialisation and mass production, joining the first group of three-dimensional compute-in-memory AI chip companies worldwide to do so. Weina Hexin 3D compute-in-memory AI inference chip. (Source: Zhidx) The … Read more
Embodied Emergence reports that Jiangsu Cell Wall Intelligence, a Kunshan hard-tech firm, has closed a several-hundred-million-yuan angel-plus round led by Oriental Fortune Capital, with Legend Star and Tianqi Capital following and FlowCapital as long-term adviser. The money funds CyboPal ONE volume delivery and its embodied interaction system. Cell Wall Intelligence CyboPal ONE desktop productivity robot. … Read more
Physical-AI firm ZINOVA, building on LimX Dynamics’ TRON 2 dual-arm embodied robot and with construction-robot company RIC Robotics, completed a scaled demonstration of concrete tilt-up construction, covering formwork framing, multi-layer rebar laying and tying. The proof of concept showed embodied robots can use existing tools to join complex construction flows, and is another original practice … Read more
Zhidx reported on 8 September that Beijing edge-LLM unicorn ModelBest, together with the OpenBMB open-source community, has open-sourced MiniCPM5-2B, a next-generation edge language base model. The 2-billion-parameter model supports tool calling, deep search and code generation, and shipped day-zero adaptation to Intel, Rockchip and Arm platforms. MiniCPM5-2B benchmark results versus larger open models. (Source: Zhidx) … Read more
On 8 September, Guangdong Tianji Intelligence said it had closed a B++ strategic round co-led by Ant Group and Sofina Asia Private, with Gaorong Venture Capital and Tencent following on, and Gaohu Capital as sole adviser. Tianji Intelligence force-control humanoid dual-arm robot. (Source: OFweek Robot) The funds go to technology research, scaled production and global … Read more