China’s X Square Robot, which develops general-purpose embodied intelligence robots, has pocketed 1 billion yuan ($143.3 million) in a Series A++ round of financing from investors including TikTok owner ByteDance and HSG (formerly Sequoia Capital China).
A group of government-backed investment firms, such as Beijing Information Industry Development Investment Fund, Shenzhen Capital Group (SCGC), Nanshan SEI Investment, and Wuxi Capital Group, were also among the investors of this extension round, the startup announced on Monday.
The deal saw X Square Robot add ByteDance to its list of shareholders that already includes Chinese tech giants Meituan and Alibaba Group.
Food delivery giant Meituan’s strategic investment arm led the startup’s Series A round in May 2025, with Meituan’s corporate venture capital (CVC) DragonBall Capital participating. Meituan invested further in X Square Robot in September 2025, when the startup closed nearly 1 billion yuan in a Series A+ round jointly led by Alibaba’s cloud computing unit Alibaba Cloud and CAS Investment.
Founded in December 2023, X Square Robot is one of the best-funded startups at the forefront of China’s embodied intelligence development, which integrates artificial intelligence (AI) into physical systems—typically robots—for real-world interactions. It leverages real-world data as the primary source for creating versatile robots with advanced manipulation capabilities, with three core offerings covering embodied AI algorithms, robotics hardware, and system design.
The Shenzhen-based startup has introduced general-purpose wheeled bimanual robot model “Quanta X1,” general-purpose wheeled humanoid robot model “Quanta X2,” and dexterous hand model “ArtiXon,” powered by its self-developed core components like mechanical arms, joint modules, power drivers, and main controllers, as well as its highly compatible algorithms.
X Square Robot said in a statement that its approach in advancing a full stack of self-developed embodied AI software and hardware has helped “significantly reduce” its cost of building embodied AI robots. The startup is moving towards mass production and commercialisation across different industries, starting with industrial manufacturing, logistics sorting, home-based elderly care, and commercial cleaning.
The startup runs R&D and operation centres in Chinese cities in Shenzhen, Beijing, and Shanghai.
