Two China robotics startups hit $2.9B valuations
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- AI² Robotics raised approximately $736 million at a roughly $2.9 billion valuation, marking a major funding round for the Chinese robotics startup.
- X Square Robot, backed by Alibaba, raised an undisclosed sum at a comparable ~$2.9 billion valuation, joining AI² Robotics above the billion-dollar unicorn mark.
Why it matters: Two Chinese robotics startups clearing $2.9B valuations in tandem shows that capital is still flowing into China's robotics sector at scale, with AI² Robotics securing a disclosed ~$736M and Alibaba-backed X Square Robot reaching a comparable valuation.
