X Square Robot Secures $2.8B+ Valuation in Series C Round Backed by IDG and Xiaomi

According to X Square Robot, on June 29, the Shenzhen-based embodied AI startup completed its series C funding round, valuing the company at more than $2.8 billion. IDG participated in the latest round, while HongShan and Xiaomi backed earlier rounds. The company said this marked it as the only embodied AI startup in China to secure backing from four leading technology companies—Meituan, Alibaba, ByteDance, and Xiaomi—across multiple funding stages. The new capital will support core technology development, embodied intelligence research, and commercial deployment of robotics infrastructure.
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