Galbot

Unitree Robotics, the Hangzhou maker of quadruped and humanoid robots that listed on Shanghai's STAR Market in August 2026, now earns more from humanoids than from robot dogs. Its filings show 73.6% of humanoid revenue in the first nine months of 2025 came from research and education buyers, the central question for a company worth about RMB61 billion at its issue price.

Skild AI's $1.4 billion Series C, led by SoftBank, and Figure AI's $1 billion Series C, led by Parkway Venture Capital, are the two largest humanoid and embodied-AI rounds in MEKAWIRE's verified records since January 2025, and together make up 41% of the $5.86 billion disclosed across 22 rounds. Humanoid makers took 70% of disclosed money in 2025, but developers of robot foundation models have taken 71% in 2026 so far, and NVIDIA joined seven rounds without leading one.

A vision-language-action (VLA) model is one neural network that reads camera images and a plain-language instruction and outputs a robot's next motor commands, built by training a vision-language model on robot demonstrations. Google DeepMind, Physical Intelligence, NVIDIA, Figure AI, Skild AI and AgiBot lead, and the commercial race now turns on the cost of action data rather than model design.

D-Robotics, the robot-chip business Horizon Robotics stopped consolidating in March, said on 17 September 2026 it had closed a US$400 million Series C without naming a single investor or a valuation. The company says it has shipped more than 8 million Sunrise chips and that its newest S600 part won more than 20 robot customers within six months, including UBTECH, Fourier and Booster Robotics.

UBTech Robotics said in its 2025 annual results that revenue from full-size humanoid robots rose 2,203.7% to RMB820.6 million on 1,079 units, lifting group revenue 53.3% to RMB2.0 billion. The net loss narrowed to RMB789.8 million, while three share placings raised RMB5.78 billion to fund capacity for more than 6,000 robots a year.

Hong Kong-listed RoboSense earned RMB103.7 million in the fourth quarter of 2025, its first profitable quarter, as robotics revenue more than tripled over the year to RMB709.8 million. Robot lidar shipments rose to about 303,000 units from 24,400, outpacing rival Hesai's 239,273, while revenue from car sensors fell 17.2%.

Tsinghua spin-out Robot Era closed a CNY1 billion strategic round two months after its previous financing, with Samsung, Singtel and a Woori Financial Group investment arm among new backers. The Beijing humanoid maker reports more than CNY500 million in cumulative orders, half from overseas, and sold close to 1,000 dexterous hands in 2025.

Beijing humanoid robot maker Galbot announced on 2 March 2026 that it had closed a RMB 2.5 billion round, which Haidian district officials called the largest single financing in China's embodied AI sector. The state Big Fund invested in embodied AI for the first time through the National Artificial Intelligence Industry Investment Fund, alongside Sinopec, CITIC and SAIC's finance arm, and the Zhongguancun Science City administration put Galbot's valuation at RMB 20 billion.

Robot foundation model developer Physical Intelligence has raised $600 million at a $5.6 billion valuation in a Series B led by Alphabet's growth fund CapitalG, according to its investors. The round followed the release of π*0.6, a model the company says more than doubles throughput on hard tasks after reinforcement learning on real robots.

Shanghai-based Fourier on 6 August 2025 introduced GR-3, a 165 cm, 71 kg humanoid with up to 55 degrees of freedom, 31 tactile sensors and a padded exterior, which it calls its first full-size 'Care-bot'. The third model in its GRx line is aimed at public service settings, children and older adults, with rehabilitation and health monitoring named as later uses. Fourier did not disclose a price.

Unitree Robotics on 25 July 2025 launched the R1 humanoid, about 25 kg with 26 joints, from RMB 39,900 in China and US$5,900 abroad. The price is 40.3% of what the company charged for its G1 at launch and sets a public benchmark for low-cost humanoids.

Beijing embodied AI start-up Galbot completed a RMB 1.1 billion financing in June 2025 led by battery maker CATL and Puquan Capital, with China Development Bank's CDB Science and Technology Innovation, the Beijing Robotics Industry Fund and GGV Capital also investing, according to the Zhongguancun Science City administration. The deal took the company's funding over two years past RMB 2.4 billion and gave its synthetic data approach to robot learning a strategic industrial backer.

Premier Li Qiang's 2025 Government Work Report, delivered to the National People's Congress on March 5, lists embodied AI alongside biomanufacturing, quantum technology and 6G as future industries Beijing will cultivate, and pledges a funding growth mechanism for them. The same report calls for intelligent robots as a new generation of smart terminals, a year after the 2024 report made no mention of embodied AI.

NVIDIA on 6 January 2025 launched Cosmos, a platform of world foundation models, video tokenizers and data-curation tools that generate physics-aware video for training robots and autonomous vehicles, releasing the first models under a licence that permits commercial use. It named 14 robotics and self-driving developers plus Uber as early adopters, and the same day unveiled an Isaac GR00T Blueprint that turns a few human demonstrations into large synthetic motion datasets for humanoids.