X Square Robot Closes Four Consecutive Rounds, Hits $2.8B Valuation as It Powers Physical-AI Foundation Models

X Square Robot has closed four consecutive funding rounds, culminating in a Series C that values the company at over $2.8 billion. This achievement solidifies its position among the most valuable startups in China, with strategic and financial investors participating in the latest round, including IDG Capital and Xiaomi. X Square Robot is the only company in China to receive support from all four tech giants: Meituan, Alibaba, ByteDance, and Xiaomi. Founder and CEO Wang Qian stated that the company is focused on building its foundational models internally, contributing to significant advancements in integrated AI development.