Physical AI startup Maniformer ships 20,000 data devices to JD.com
It claims to be the first data provider in the sector with million-hour-scale datasets available for commercial sale.
It claims to be the first data provider in the sector with million-hour-scale datasets available for commercial sale.

Biotech and physical AI startups raised fresh capital to advance clinical programs and next-generation robotics infrastructure.

HongShan and Gaorong Capital jointly led the round, with Tencent and the government-backed Shanghai Engine Fund also participating.

The latest rounds backed physics engines, satellite propulsion systems and AI models designed to understand and simulate the physical world.

Investors are backing frontier technologies spanning embodied intelligence, next-generation aviation and advanced therapies.

Startups working in hydrogen energy, AI, biotech and intelligent hardware attracted the lion’s share of funding.

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.

More than 900,000 production vehicles equipped with Momenta’s systems have been delivered, spanning over 100 vehicle models.

The funding comes as embodied AI developers face a shortage of high-quality training data, inconsistent standards and fragmented datasets.

The models can be deployed independently or jointly, forming a unified base for robotic systems operating in real-world environments.