Mifeng Technology, an embodied AI data platform, has recently declared the successful closure of its seed and angel funding rounds, securing a substantial investment of tens of millions of yuan. Sequoia China spearheaded this financing endeavor, with significant contributions from various leading capital firms and industry-specific institutions. The capital acquired will be predominantly allocated towards technological innovation and development, as well as scaling up operational capacities. This strategic move is set to bolster Mifeng Technology's foundational market position and tackle the prevalent bottlenecks in industry data development. Data stands as a pivotal component in the advancement of the embodied AI sector and currently poses a significant obstacle to its expansion. Forecasts indicate that by 2026, the industry will encounter a deficit exceeding 5 million hours of premium, usable data. Mifeng Technology is dedicated to resolving these data-related challenges by offering comprehensive, end-to-end data services, thereby securing a notable competitive edge. The company fosters the creation of industry data standards through the formation of data alliances and is proud of its robust core team, which has already forged partnerships with numerous industry titans. This latest round of funding not only underscores the capital market's strong endorsement of Mifeng Technology but also indicates that Mifeng Technology is poised to collaborate with its partners in constructing an industrial ecosystem and expediting the widespread adoption of embodied AI technologies.
