X Square Robot's $2.8B Series C Boosts China's Embodied AI Market Surge
June 29, 2026
X Square Robot is building general-purpose embodied AI by integrating foundation models, robotics hardware, and a proprietary data pipeline to enable robots to perceive, reason, and act in real-world environments.
Real-world deployments span household, industrial, and logistics sectors, including a Shenzhen and Beijing AI-powered cleaning service with 58.com and a family-friendly X Family Member Program that lets robots stay with households for up to a month.
The company operates a scalable, model-driven data pipeline for data collection, cleaning, annotation, quality control, and augmentation to speed up model development and deployment.
This funding surge comes amid a national push to outpace Western rivals in a market analysts estimate could reach trillions, with two unicorns signaling rapid growth in embodied AI.
Total robotics funding in China for the year so far already surpasses the full-year 2025 total, indicating accelerating momentum across startups, manufacturing, and potential listings.
In late April, X Square completed a Series B led by Xiaomi’s strategic arm and Sequoia China, following an A++ round earlier in the year and a February round, underscoring continued investor enthusiasm.
X Square and others are part of China’s broader push into embodied AI and foundation models for robotics, reflecting a strong funding environment and rapid progress in physical AI applications.
This report is part of Gasgoo’s Seeds Discovery initiative, which highlights startups driving intelligent transformation and their ecosystem partnerships.
Seeds Discovery connects startups with ecosystem partners, investors, and local governments to support the automotive supply chain and showcase standout technologies in intelligent transformation.
X Square Robot has now run four consecutive financing rounds, culminating in a Series C valued at over $2.8 billion, placing it among China’s top-valued embodied AI startups.
The Series C drew funds from a diverse mix of state funds, ministries, regional and industrial investors, and major players including IDG, Meituan, Alibaba, ByteDance, Xiaomi, and others, with existing shareholders increasing stakes.
IDG participated in the Series C, with prior rounds supported by HongShan and Xiaomi, making X Square the only embodied AI company in China to have lead-round backing from multiple major internet tech firms at different stages.
Summary based on 9 sources
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Sources

Gasgoo Auto News • Jun 29, 2026
Seeds | X Square Closes Multiple Major Funding Rounds, Valuation Exceeds 20 Billion
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