South China Morning Post
AsiaPac · 1 hrs ago
✦ 75◉ Centre
Unicorn born in record time amid ‘arms race’ among China’s robotic hand developers
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Quality 75/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
A Chinese robotics start-up, Xynova, has achieved unicorn status (valuation over $1 billion) following a Series A funding round led by major tech and EV companies, amid intense investment competition in the dexterous robotic hand sector.
Unicorn born in record time amid ‘arms race’ among China’s robotic hand developers
Venture capitalists and industrial giants in China are aggressively backing developers of dexterous robotic hands – the toughest bottleneck in the global humanoid hardware arms race – in a funding blitz that is rapidly driving up start-up valuations.
The latest capital injection was announced on Friday by Xynova. The Hangzhou-based start-up said it had completed a series A round from investors including the venture arms of smartphone maker Xiaomi and electric vehicle giant Li Auto, bringing...
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