The domestic "embodied brain" has raised another 2 billion yuan in financing, bringing together the four giants of the Internet.

One round of financing, one giant.

After becoming the only domestic embodied intelligence enterprise invested in by three internet giants, ByteDance, Alibaba, and Meituan, in January, on April 20th, X Square Robot (hereinafter referred to as: X Square) was reported to have completed nearly 2 billion yuan in Series B financing, led by Xiaomi's strategic investment and Sequoia China.

As a result, X Square has become the only domestic embodied intelligence enterprise invested in by four internet giants: Meituan in Series A, Alibaba in Series A+, ByteDance in Series A++, and Xiaomi in Series B.

In response to the new round of financing, Lieyunwang contacted X Square for verification. As of press time, the other party has not responded.

01

So, can Tencent be far behind?

As of now, Tencent has clearly invested in multiple robot companies, covering areas such as robot bodies (e.g., Zhipu, Ubtech), key components (e.g., Yuansheng Intelligent Dexterous Hand), and scenario applications (e.g., Yunjing Intelligent, Fengjiang Intelligent).

In the past two years, embodied intelligence has continuously attracted the market's attention. The movement and control capabilities of its "body" - robots - have made significant progress. The focus of industry competition has also shifted from the "limbs" to the "brain". How to build an intelligent "brain" for robots that can understand the physical world, operate, and flexibly handle complex and changeable scenarios, enabling them to truly undertake diverse real - world physical tasks, has become the key to breakthrough.

X Square, founded in December 2023, is one of the early enterprises to deeply engage in the "embodied brain".

Wang Qian, the founder of X Square, graduated from Tsinghua University with a bachelor's and master's degree. He is one of the earliest researchers in the world to propose the attention mechanism in neural networks. During his doctoral studies, he participated in multiple Robotics Learning research projects at a top - tier robot laboratory in the United States. His research experience covers almost all fields related to robot operation and household service robots.

Wang Qian said: "The next - stage competition in embodied intelligence is essentially a competition in the construction of data - closed - loop foundation models and model evolution capabilities." Based on this judgment, X Square continuously delves into the three core areas of model iteration, data pipelines, and robot hardware. Through solid technical accumulation and full - stack self - research capabilities, it continuously breaks through existing capability boundaries, "striving to be a leader rather than a follower".

It is reported that X Square adheres to full - stack self - research of software and hardware. Starting from the requirements of model algorithms and data - driven, it has deeply defined the hardware architecture of robots, designed and released two high - performance robot bodies, "Quantum No. 1" and "Quantum No. 2". It has also achieved full self - research and in - depth algorithm adaptation of core components such as robotic arms, joint modules, power drives, and main controllers, resulting in a significant reduction in the overall cost of the robot. This has laid a solid foundation for the large - scale mass production and commercial implementation of embodied intelligent robots.

In January this year, X Square gradually entered multiple high - value fields such as industrial manufacturing, logistics, and elderly care. In March, it established a joint venture with Jack Technology, a leading intelligent sewing equipment company, to jointly promote the implementation of embodied intelligence in the clothing industry. Subsequently, on the same day, it announced partnerships with 58 Daojia, a platform under the 58 Group, and Shenqi Group. The former saw the world's first robot cleaner officially "take up its post", while the latter marked X Square's official entry into the core production process of the automotive industry.

Source: X Square

This may also be the confidence for X Square to frequently receive large - scale financing.

Since 2026, multiple companies have received new financing in the billions. The amounts are getting larger and larger: Songyan Power received nearly 1 billion yuan in Series B; Xingdong Jiyuan received 1 billion yuan in a strategic round; Zhipingfang received "over 1 billion yuan" in Series B; Lingxin Qiaoshou received nearly 1.5 billion yuan in Series B; Zhujidongli received 200 million US dollars in Series B; Yinhe Tongyong received 2.5 billion yuan in a new round of financing; Tashizhihang received 455 million US dollars (approximately 3.103 billion yuan) in Pre - A...

Even on the list of companies with 3 - billion - yuan financing, some companies have successfully made the list through multiple rounds of financing: Qianxun Intelligence received 3 billion yuan in three rounds; Xinghaitu received 3 billion yuan in financing within two months, and X Square is also one of them.

02

In January this year, X Square completed 1 billion yuan in Series A++ financing. In February this year, it received several hundred million yuan in new financing led by SAIC and CICC. Coupled with the recently completed 2 billion yuan in Series B financing, X Square has achieved the result of "more than 3 billion yuan in three rounds of financing in three months".

According to information from Tianyancha App, currently, Wang Qian, the founder and CEO of X Square, directly holds 12.2681% of the shares and indirectly holds shares through Shenzhen Zhenghejing Technology Service Partnership (Limited Partnership), Shenzhen Shutonghua Technology Service Partnership (Limited Partnership), and Shenzhen Jiashuhe Technology Service Partnership (Limited Partnership). His ultimate beneficial share reaches 28.6939%.

In addition, Meituan's strategic investment department holds 11.0926% of X Square's shares through Hanhai Information Technology (Shanghai) Co., Ltd., making it the largest external shareholder. At the same time, Meituan Longzhu holds 2.783% of the shares through Chengdu Longzhu Equity Investment Fund Partnership (Limited Partnership); Alibaba Cloud CNZZ holds 3.4265% of the shares through Zhejiang Alibaba Cloud Computing Co., Ltd. The specific shareholding situations of ByteDance and Xiaomi have not yet been reflected in X Square's equity information.

Source: Tianyancha

It is worth mentioning that X Square will hold a press conference at 2 p.m. on April 21st to welcome "the birth of a family member". The latest copy attached in the company's pre - publicity states: For robots, is it more difficult to run a marathon or to work at home?

In addition to the new "family member", X Square's latest financing may also be officially announced.

This article is from the WeChat public account "Lieyun Selection", author: Wang Fei. It is published by 36Kr with authorization.