Recently, Dexmal Robotics, a company specializing in embodied artificial intelligence (AI), declared the successful closure of its Series A+ funding round, raising hundreds of millions of yuan. This round was exclusively funded by Alibaba. Prior to this, the company's Series A funding round was spearheaded by NIO Capital, with additional investments flowing in from prominent institutions including Hongtai Capital and Legend Capital. Notably, Legend Star, an existing shareholder, demonstrated strong confidence by making an oversubscribed follow-on investment. Furthermore, Qiming Venture Partners and Jiu Kun Capital also joined in the follow-on investment. Cumulatively, the two funding rounds have amassed nearly 1 billion yuan for Dexmal Robotics. These funds will be predominantly channeled into the research, development, and deployment of software and hardware technologies essential for embodied AI robots.
