- AI, robotics, quantum computing and advanced manufacturing startups attracted fresh investment
- The funding will support AI models, quantum software, industrial automation and biotech commercialization
AIcore raises angel round for tactile AI
Spatial intelligence startup AIcore (大衍科技) has raised tens of millions of yuan in an angel round led by Green Pine Capital, with participation from Zhejiang Provincial Financial Holdings and Guangzhou Panyu Innovation Fund.
The proceeds will fund development of a tactile foundation model, robot data production lines and team expansion.
Founded in May 2025 in Tongxiang, Zhejiang, AIcore is led by CEO Yang Lin (杨林), a PhD in computer science from the National University of Singapore who previously worked on autonomous driving algorithms at RoboSense, BYD and Bosch.
The company has built three product lines: synthetic data services with gross margins above 60%, its self-developed Shadow Gauntlet tactile data collection device featuring 1,015 tactile sensing points, and what it says will be China’s first tactile foundation model, scheduled for release later this year.
Less than a year after its founding, AIcore said first-quarter revenue exceeded 10 million yuan and it has partnered with several leading robotics companies, with its first customized embodied AI “brain” project expected to be delivered by year-end.
X-CNC secures nearly $15 million angel funding
Desktop computer numerail control (CNC) startup X-CNC (奇塑科技) has raised nearly 100 million yuan ($14.76 million) in an angel round backed by SenseCapital, AheadForm, Holocene and MiraclePlus.
The Hangzhou-based company, founded by a team from Zhejiang University, will use the funding to develop desktop CNC hardware and software, ramp up production and expand marketing.
Its proprietary AI CAM system is designed to simplify CNC machining by embedding complex manufacturing expertise into software trained on hundreds of thousands of real machining datasets, replacing workflows that traditionally require years of operator experience.
X-CNC plans to launch its first desktop five-axis CNC machine in the fourth quarter of 2026, featuring automatic tool changing, a fully enclosed low-noise design and a 1,500W industrial spindle integrated with its AI CAM platform.
DexRobot bags Series A funds to scale embodied AI
Embodied AI company DexRobot (灵巧智能) has raised several hundred million yuan in a Series A round backed by a consortium of investors including Shanghai Electric, which also formed an industrial joint venture with the company.
Headquartered in Xinchang, Zhejiang, and incubated by the Shanghai Artificial Intelligence Laboratory, DexRobot will use the proceeds to advance its full-stack dexterous manipulation technologies, upgrade its robotic hand products and accelerate deployments across industries.
The company has developed an in-house dexterous manipulation system spanning hardware, perception, data, foundation models and applications.
Additionally, it is pursuing a “1+3+N” strategy anchored by dexterous manipulation and focused on education, power utilities and industrial manufacturing before expanding into energy operations, life sciences and other sectors.
Magic Code Leap raises seed funding for quantum software
Shanghai-based quantum computing startup Magic Code Leap (幻码跃迁) has secured tens of millions of yuan in seed funding led by Lighthouse Founders’ Fund (L2F), with participation from Yunqi Partners and Xiaomiao Langcheng.
The company develops system software and application solutions for quantum computing, with a team drawn from QuEra, Baidu, Harvard University and the Hong Kong University of Science and Technology, bringing experience across neutral atom and superconducting quantum computing architectures.
The funding will support development of its full-stack quantum software platform, quantum AI technologies and ecosystem building.
The company aims to combine low-level software, application algorithms and AI-driven R&D tools to accelerate the commercialization of quantum computing while hardware technologies continue to mature.
Matwings closes Series A++ round for AI protein platform
Shanghai-based AI protein design company Matwings (天鹜科技) has completed a several-hundred-million-yuan Series A++ round co-led by Shanghai Guotou Pioneer Private Equity Fund and SDIC Fund.
Other investors included Jiangsu Jujie Microfiber Technology Group, Ningbo Yongyan Venture Fund and Fortera Capital, while existing backers including Qiming Venture Partners, Yonjin Venture and 3E Bioventures also increased their investments.
Founded in 2021, the company will use the proceeds to upgrade its flagship MatwingVenus™ AI protein research agent and accelerate commercial applications of AI-driven protein design in the circular economy, innovative drugs and health industries.
Its platform integrates a database containing tens of billions of protein labels with more than 200 professional tools, allowing researchers to complete protein design workflows using natural language.
The company said the financing will further strengthen its position in AI-powered protein engineering.
