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Physical AI startup Xirang Kaiwu has recently made headlines by announcing the successful closure of its seed and angel round financing, raising hundreds of millions of yuan. Spearheaded by Dunhong Asset, this funding milestone attracted a diverse group of investors, including Huakong Fund, Sanhua Holding Group, Ginkgo Valley Capital, Zeran Capital, Benjian Fund, Shanghai Angels Club, and Biaopu Investment. The influx of capital has propelled the company's valuation to an impressive $500 million. The newly acquired funds will be strategically allocated towards several key areas: conducting extensive pre-training for native physical AI models, developing datasets that capture real-world physical interactions, recruiting top-tier R&D talent, and validating various application scenarios.
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