X Square Robot Completes Four Consecutive Funding Rounds, Valuation Tops $2.8 Billion

On June 29, 2026, X Square Robot announced the completion of four consecutive funding rounds, bringing its valuation to more than $2.8 billion. IDG participated in the Series C round, while HongShan and Xiaomi invested in earlier rounds. With lead investments from Meituan, Alibaba, ByteDance and Xiaomi, it became the only embodied AI company to receive investment from all four of China's major technology companies.

X Square Robot said it will use the funds for foundation models for embodied AI, proprietary systems for organizing the data used to train them, and real-world deployment. In developing robots for homes, logistics and factories, the company aims to build systems that can handle changing environments and a wide range of tasks rather than rely on rules. The funding will support not only research but also real-world operations.