On October 17, 2025, Qiongche Intelligence, a startup specializing in embodied artificial intelligence, made an official announcement regarding the successful closure of a fresh round of funding. This particular funding round was spearheaded by Alibaba Group, and it also witnessed follow-on investments from a number of existing shareholders.

The capital raised in this round will be predominantly allocated towards expediting the development of technological offerings, propelling the rollout of embodied applications, and broadening the scope of industry ecosystems.

Prior to this, Qiongche Intelligence had already secured Pre-A++ and Pre-A+++ rounds of financing, with the cumulative amount reaching hundreds of millions of yuan. The investor lineup in those rounds included international capital as well as prominent venture capital firms like Prosperity7 Ventures and Sequoia Capital China.

In the current year, the company unveiled an upgraded iteration of its Qiongche Embodied Brain product, namely Noematrix Brain 2.0. This new version is built upon the company's self-developed large model tailored for the physical world, along with a 'force-centric' embodied artificial intelligence large model.