Autovariable Robotics, a company specializing in embodied AI, has recently finalized an A+ round of financing, raising an impressive sum close to 1 billion yuan. This financing endeavor was spearheaded by Alibaba Cloud and China Science & Merchants Investment Management, with notable contributions from entities like China Development Bank Capital and Sequoia Capital China. Additionally, existing investors, including Meituan, opted to further their support through follow-on investments.

Established in December 2023, Autovariable Robotics has already successfully navigated through seven rounds of financing, amassing a total exceeding 1 billion yuan. The company's core focus lies in the research and development of end-to-end embodied large models. In a significant move this August, the company unveiled its 'Quantum No.2' robot and made its embodied AI large model available as open-source.

At present, the embodied AI sector is witnessing a surge in financing activities, propelled by favorable policies and advancements within the hardware supply chain. Prominent internet giants such as Alibaba and Meituan are actively engaging in investments and the deployment of hardware and automation solutions, signaling a robust commitment to the future of this technology.