Magic Atom, a prominent player in the embodied AI sector, has successfully concluded a fresh funding round, amassing a substantial 500 million yuan. Among the investors is the esteemed Sky Factory Venture Capital Fund. The company has also set up a 10-billion-yuan ecological fund in Wuxi, crafting a two-pronged approach of 'financing + fundraising' that collectively gathers more than 10.5 billion yuan in capital. Furthermore, Magic Atom has forged a partnership with Sky Factory Venture Capital Fund and the Liangxi District of Wuxi to launch a 10-billion-yuan industrial fund. This fund is dedicated to nurturing the upstream and downstream segments of the embodied AI industry chain. This latest funding round has drawn strategic investors boasting manufacturing prowess and scenario-based resource strengths, along with local state-owned capital. This infusion of funds provides robust backing for technological R&D, product innovation, and the execution of industrialization plans.