On March 9th, Magic Atom made an announcement regarding the successful completion of its latest financing round, which has raised an impressive 500 million yuan. The roster of investors in this round includes notable names such as Sky Factory Venture Capital Fund, Tuopu Group, JinYu MaoWu, Sudatink, Jiechuang Intelligence, Aishida, and Liang Venture Capital, among others. In a strategic move alongside Sky Factory Venture Capital Fund and Wuxi Liangxi District, Magic Atom has also launched a substantial 10-billion-yuan industrial fund. This fund is specifically aimed at bolstering the upstream and downstream segments of the embodied artificial intelligence industry chain, covering a wide array of domains including algorithms, computational power, AI infrastructure, core robotic components, innovative robot forms, end-effector tools, and the exploration of diverse application scenarios.