- Latest raise values the startup at nearly 4 billion yuan as investor appetite accelerates
- Funds to support industrial embodied AI development and extreme-environment data systems
Specialized embodied intelligence startup MicBot (具微科技) has raised several hundred million yuan in its latest B1 financing round, pushing its valuation close to 4 billion yuan ($589 million) as it continues a rapid multi-round fundraising spree over just a few months.
The latest deal marks the company’s fifth financing round since this year, reflecting what industry observers describe as an unusually fast capital-raising cadence of nearly one round per month.
The new funds will be used to build large-scale real-world datasets from extreme industrial environments and advance its embodied industrial intelligence system.
Cognitive engine
The Hangzhou-based startup is developing a vertical pre-training cognitive engine aimed at improving robot generalization in unstructured and hazardous conditions, while strengthening autonomous decision-making capabilities in real-world operations.
Unlike many robotics startups focused on general-purpose applications, MicBot has positioned itself in high-risk industrial sectors such as mining, metallurgy and chemicals, where automation demand is driven by safety constraints and labor shortages.
Policy tailwinds are also strengthening the sector. In May, Chinese regulators including the National Mine Safety Administration signaled accelerated adoption of robotics in hazardous roles, reinforcing demand for “dangerous, repetitive and harsh” task automation.
Explosion-proof certificate
The company has also secured a key regulatory milestone, obtaining what it describes as the world’s first explosion-proof certification for a wheeled-legged robot, a rare qualification in the embodied AI sector.
It is currently pursuing additional international certifications to expand deployment eligibility in global industrial markets.
Near-term commercial momentum
According to a source familiar with the matter, MicBot generated nearly 200 million yuan in revenue in the second quarter, with order backlog reaching several hundred million yuan.
Its wheeled-legged robots are already deployed across mining, aluminum and chemical facilities, and the company claims it is currently the only embodied AI player capable of stable operation in high-magnetic-field environments such as electrolytic aluminum workshops.
