New funding supports development of embodied AI foundation models, commercial deployments and integrated robotics infrastructure, only embodied AI company&nbsp;backed by all four major Chinese internet technology leaders SHENZHEN, China, June 29, 2026 /PRNewswire/ -- <a href="https://x2robot.com/en" target="_blank" rel="nofollow" style="color: #0000FF">X Square Robot</a>, an embodied AI company developing general-purpose embodied intelligence robots and foundation models for real-world environments, today announced the closing of four consecutive financing rounds culminating in a Series C, bringing its valuation to over US$2.8 billion (RMB 20 billion) and positioning the company among China's highest-valued embodied AI startups. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder2439" style="TEXT-ALIGN: center; WIDTH: 100%"> <a href="https://mmx.prnasia.com/media/MS1874531/e29bbc393f60464f9ddf3eb254e67d5d.jpg?id=OA2743361&amp;p=medium600" target="_blank" style="color: #0000FF"><img src="https://mmx.prnasia.com/media/MS1874531/e29bbc393f60464f9ddf3eb254e67d5d.jpg?id=OA2743361&amp;p=medium600" title="X Square Robot performing household tasks in a home environment" alt="X Square Robot performing household tasks in a home environment" /></a> X Square Robot performing household tasks in a home environment </div> The financing brings together a diverse group of strategic and financial investors, including leading technology companies, industrial partners and venture capital firms. IDG participated in the Series C round, while HongShan and Xiaomi have backed the company in multiple previous rounds. Combined with earlier lead investments from Meituan, Alibaba, ByteDance and Xiaomi, X Square Robot has become the only embodied AI company in China to secure lead-round backing at different stages from four of the country's leading technology companies. &quot;Since day one, X Square Robot has focused on in-house development of foundation models, pursuing a challenging but necessary path,&quot; said Wang Qian, founder and CEO of X Square Robot. &quot;Today, our investments in embodied AI models, scalable, model-driven high-quality data pipeline system and real-world deployment are beginning to deliver clear results.&quot; The company said it will use the funding to further invest in core technologies and foundational research in embodied intelligence, advancing toward general-purpose embodied AI that bridges the physical world and ultimately serves humanity. Founded in 2023, X Square Robot develops end-to-end embodied AI systems that combine foundation models, robotics hardware and proprietary data pipeline system. Rather than relying on traditional rule-based automation, the company's approach enables robots to adapt to changing environments and generalize across a wide range of tasks. Building a Full-Stack Embodied AI System X Square Robot is building a full-stack embodied AI system that combines foundation models, robotics hardware, proprietary model-driven high-quality data pipeline system and real-world deployment. At its core is a general-purpose embodied AI model designed to enable robots to perceive, reason and act in complex physical environments. In April 2026, the company introduced WALL-B, an embodied AI foundation model built on its World Unified Model architecture. Unlike modular VLA approaches that connect separate vision, language and action components, WALL-B trains perception, language, action and physical prediction within a unified network, enabling stronger multimodal understanding, spatial reasoning and continual learning from real-world interactions. The company has also open-sourced WALL-OSS-0.5 and WALL-WM, extending its unified approach to robot manipulation and world modeling. WALL-OSS-0.5 achieved over 80% autonomous completion on four of 17 real-robot tasks without post-training, while WALL-WM introduces event-level prediction by aligning language, vision and action data around meaningful events, enabling stronger cross-modal learning and physical-world prediction across reasoning, manipulation and generalization tasks. To accelerate model development, X Square Robot has built a scalable, model-driven data pipeline spanning automated data collection, cleaning, annotation, quality control and augmentation. Combined with real-world deployment, the system enables rapid model iteration while creating high-quality datasets for complex and long-tail scenarios. Real-World Deployments Already Underway X Square Robot is deploying its model and hardware stack across household, industrial, and logistics scenarios. Among these, household settings represent one of the most complex and important testbeds for real-world deployment. In this area, the company has partnered with 58.com to launch an AI-powered cleaning service in Shenzhen and Beijing, where robots work alongside human cleaners in real residential environments. Since May, X Square Robot has also launched the &quot;X Family Member Program,&quot; where robots live with users' families for up to one month as household companions, responding to a broader range of everyday needs. Together, these initiatives bring embodied robots beyond staged demos and into real homes and everyday life. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder8487" style="TEXT-ALIGN: center; WIDTH: 100%"> <a href="https://mmx.prnasia.com/media/MS1874532/8775a7adfcee45e58e2dd7aa32546165.jpg?id=OA2743362&amp;p=medium600" target="_blank" style="color: #0000FF"><img src="https://mmx.prnasia.com/media/MS1874532/8775a7adfcee45e58e2dd7aa32546165.jpg?id=OA2743362&amp;p=medium600" title="X Square Robot in real-world deployment at a nursing home" alt="X Square Robot in real-world deployment at a nursing home" /></a> X Square Robot in real-world deployment at a nursing home </div> The company believes these real-world deployments create a continuous feedback loop in which operational data improves model performance, helping accelerate progress toward general-purpose embodied intelligence. &quot;As AI moves beyond digital experiences into the physical world, progress will depend on close integration between models, data and robotics,&quot; Wang said. &quot;We're building that foundation so embodied AI can become part of everyday life.&quot; To learn more, visit <a href="https://x2robot.com/en" target="_blank" rel="nofollow" style="color: #0000FF">https://x2robot.com/en</a>. About X Square Robot X Square Robot develops general-purpose embodied intelligence robots with high-precision manipulation capabilities. The company is building foundation models for the physical world, integrating models, robotic hardware and scalable, model-driven high-quality data pipeline system. Its robots are designed to perceive, reason and act across long-horizon tasks in home and everyday environments, research and education, logistics and warehousing, and industrial operations. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder0"> </div>

X Square Robot Secures Four Consecutive Financing Rounds, Surpasses US$2.8 Billion Valuation in Push for Physical AI Foundation Models

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