Shenzhen Chasing Innovation Raises Nearly 100 Million Yuan in C+ Round to Fund Underwater Embodied Intelligence R&D

Shenzhen Chasing Innovation announced on Oct. 28 that it had raised nearly 100 million yuan in a C+ round. Investors included Shenzhen Guangju Investment Holding (Group) Co., Ltd. and Zhejiang Yunchuang Qizhen. It was the company’s second funding round this year. According to the article, it raised nearly 100 million yuan in a C round seven months ago. The funds will be used for R&D of core underwater embodied intelligence technologies, upgrades to key products, overseas market expansion and development of specialized application systems.

The company said the funds will support not only technology development in underwater embodied intelligence, but also upgrades to key products and development of specialized application systems. Its plan is to advance underwater equipment development alongside the systems needed for field operations. However, the company has not disclosed how the funds will be allocated or which products will be targeted, making it difficult to assess the scale of the rollout.

The focus of this funding round is less the use of the term “embodied intelligence” than the range of stated uses for the funds: core technology R&D and product upgrades, as well as overseas market expansion and development of specialized application systems. The nearly 100 million yuan C+ round is the company’s second funding round this year. According to the article, it also raised nearly 100 million yuan in a C round seven months ago. The repeated fundraising indicates at least that the company is pursuing not only R&D on underwater equipment but also the development of systems to bring products into specialized applications. The article does not specify how the funds will be allocated or which products or equipment will receive investment in this round. Regarding the company’s underwater robots, leaderobot.com reports that the Qianjiao X100 has a maximum operating depth of 350 meters and that the X100 series features current-resistance control and underwater positioning. Unlike land-based robots, underwater robots cannot use GPS, and when a tether is used for communications, the cable itself can constrain operations. These factors show that product development must address underwater operating conditions, including positioning and communications, as well as vehicle movement control. However, the article’s technical descriptions come from secondary reporting, and it is not possible to determine which of these challenges the latest funding will address. In [ASD’s humanoid robot ASD-D3 rolls off the production line in Shanghai, demonstrating 10,000-unit-scale manufacturing capacity](/news/ai-shi-tooru-shanhai-de-ningyou-robotto-asd-d3-wo-seishiki-k-b1f56c), Physical AI News covered a land-based humanoid robot and manufacturing capacity. Chasing Innovation’s stated uses for the latest funding concern underwater equipment R&D and expansion into specialized applications; there is no basis for treating the two companies as following the same mass-production model. The comparison shows that even under the shared banner of embodied intelligence, investment priorities differ between a business emphasizing manufacturing capacity and one focused on developing environment-specific operations and application systems. Items to watch include the allocation of funds by use, the products slated for upgrades, and deployment records and operating conditions in specialized applications. The article does not confirm the final funding amount, product-specific plans or specific application sites.