Today’s Yangtze funding roundup: Hydrogen, biotech, AI hardware…
Startups working in hydrogen energy, AI, biotech and intelligent hardware attracted the lion’s share of funding.
Tag: physical AI
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Momenta launches Hong Kong IPO backed by global blue-chip investors
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.
Momenta clears Hong Kong listing hearing, eyes $1 billion IPO
More than 900,000 production vehicles equipped with Momenta’s systems have been delivered, spanning over 100 vehicle models.
Maniformer closes angel+ funding to scale physical AI data infrastructure
The funding comes as embodied AI developers face a shortage of high-quality training data, inconsistent standards and fragmented datasets.
Alibaba debuts Qwen-Robot suite to power foray into embodied AI
The models can be deployed independently or jointly, forming a unified base for robotic systems operating in real-world environments.
NextVPU moves HQ to Hangzhou as physical AI shifts to edge vision chips
“Choosing to build a company in China reflects the scale of opportunity in robotics, drones and visual intelligence as a trillion-yuan industry,” Feng said.
Embodied robotics startup Spirit AI raises $222M in Series A+ funding
The company said its valuation surpassed 10 billion yuan following earlier fundraising rounds this year, making it a unicorn already.
BodenAI raises follow-on Series A rounds to scale physical AI training
BodenAI has established three physical training sites for embodied AI in Ningbo, Ma’anshan and Huzhou, spanning more than 30,000 square meters.
Manycore Tech’s spatial AI model wins regulatory approval in China
The approval allows the company to commercially deploy the model under China’s generative AI regulations, which require security and compliance reviews before public rollout.
Manycore Tech clears HK IPO hearing, eyes debut as ‘spatial intelligence’ pioneer
This latest development also positions Manycore Tech as potentially the first public company focused on spatial intelligence globally.