X Square Robot raises several hundred million yuan in Series A funding led by Meituan

Square Robot, a Chinese robotics enterprise, announced today that its latest Series A funding round led by Meituan Strategic Investment had garnered the startup several hundred million yuan. The funds will be used to accelerate the development of its end-to-end embodied intelligence models and robotic systems, and also support the deployment of smart solutions across multiple future application scenarios. Founded less than two years ago in December 2023, X Square Robot is dedicated to developing general-purpose embodied AI models powered by real-world data. The company plans to build robots capable of performing precise and complex tasks. In the short time since its founding, X Square Robot has completed seven funding rounds, raising over one billion yuan (around $141 million). [X Square Robot, in Chinese]