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Specialized robotics firm MicBot secures Series B1 funding
MicBot has positioned itself in high-risk industrial sectors such as mining, metallurgy and chemicals.
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MicBot has positioned itself in high-risk industrial sectors such as mining, metallurgy and chemicals.

The lesson is consistent across systems: railways, as long-horizon public goods, rarely function as purely market-driven assets.

Archon aims to release what it says will be the world’s first open-source humanoid foundation model later this year.
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Founder and CEO Zhu Qiuguo said long-term competitiveness will no longer depend on standalone hardware or software, but instead on five integrated capabilities.

The IPO has attracted 14 cornerstone investors, who have collectively committed about $376 million and will subscribe to nearly half of the shares on offer.

It took the company 11 months to grow from its 1,000th to its 5,000th robot, 3.5 months to reach 10,000 units, and less than three months to add another 5,000 robots.