Qianxun breaks the embodied financing record with 4.5 billion yuan in 3 months.
A Chinese embodied model has topped the North American RoboArena list.
On June 3rd, Qianxun Intelligence announced the completion of a 1.5 billion yuan Series A+ round of financing. This means that it has completed four rounds of financing in three months, raising nearly 5 billion yuan, breaking the financing speed record in the embodied intelligence industry. So far, it has built a top - tier capital lineup surrounded by top - tier financial PE, international US dollar funds, industrial capital, and local state - owned assets.
Meanwhile, Qianxun Intelligence's self - developed Spirit v1.6 has outperformed NVIDIA's latest model, Cosmos3, and Physical Intelligence Pi0.5, becoming the first Chinese embodied model to top the world - class list RoboArena dominated by Silicon Valley, winning the "Olympic gold medal" in the model field.
It is worth noting that RoboArena was jointly initiated by NVIDIA and top academic institutions in Silicon Valley. This means that Qianxun Intelligence's Spirit v1.6's powerful victory is a direct win over NVIDIA on the "absolute home court" built by NVIDIA itself. The technical value and long - term guiding significance for the industry of this away - game victory are evident.
The sign of the primary market is emerging. Beneath the hot narrative of the embodied track, long - term investment in hard technology has reached an "aesthetic watershed" and is turning to heavy investment in the certainty of technology and commercialization. Money is flowing to players who can answer both "how strong the model is" and "whether it can do the work."
Raised over 4.5 billion in 3 months, shares snapped up
"The shares are very popular." An investor close to the deal mentioned a detail: After the Series A+ round of financing of Qianxun Intelligence was launched, it quickly attracted dozens of institutions, including international first - tier US dollar funds, leading industrial capital, and state - owned capital, to come for communication. Investors rushed to subscribe, and the financing quota for this round was extremely tight. The final shareholders included first - tier US dollar funds and large - scale industrial investors.
In this way, Qianxun Intelligence has raised over 4.5 billion in three months. With the high - frequency iteration of technology and products, this has shown a rare magnetic effect in the capital market. Just as Qianxun Intelligence's rapid rise has left a deep impression on the venture capital circle.
Recall that in January 2024, Han Fengtao, Gao Yang, and Zheng Lingyin founded Qianxun Intelligence to create industry - leading general humanoid robots and the next - generation embodied large models and learning algorithms. Precisely hitting the trend of the times, they quickly assembled a large investor lineup.
From left to right are Zheng Lingyin, Han Fengtao, and Gao Yang
The official website shows that in the year of its establishment, Qianxun Intelligence received three rounds of financing, namely the seed round, angel round, and angel + round. The investors included Shunwei Capital, Oasis Capital, Honghui Fund, Fortune Capital, Qiancheng Capital, and Bairui Capital founded by Li Ping, the co - founder and vice - chairman of CATL.
In March 2025, a 528 million yuan Pre - A round of financing was completed, led by Prosperity7 Ventures (P7) under Aramco Ventures. Many capitals, such as China Merchants Group Venture Capital, GF Xinde Investment, Jingya Capital, Orient Fortune Capital, and Huakong Fund, were deeply involved. In July of the same year, a nearly 600 million yuan Pre - A+ round of financing was completed, led by JD.com, followed by well - known institutions such as China Internet Investment Fund (referred to as "CIIF"), Zhejiang Science and Technology Innovation Mother Fund, Huatai Zijin Investment, and Fosun RZ Capital.
In 2026, the financing storm in embodied intelligence swept through, and Qianxun was even more amazing, almost raising funds at a rate of once a month.
In February this year, Qianxun completed two rounds of financing of nearly 2 billion yuan in a row, gathering super - first - tier institutions such as Yunfeng Capital, a leading state - owned institution, Hundun Investment (Ge Weidong), and Sequoia China; industrial capitals such as Synstellation Capital, TCL Venture Capital, and Minghui Investment (the family office of Zhu Xingming, the chairman of Inovance Technology); state - owned capitals such as Chongqing Industrial Investment Mother Fund and Hangzhou Jintou; strategic investment institutions such as 360 Fund and Houxue Capital, and all old shareholders subscribed in large amounts. At that time, the company's valuation exceeded 10 billion yuan.
One month later, Qianxun announced another 1 billion yuan in new financing, and the valuation exceeded 20 billion yuan. Shunwei Capital and Yunfeng Capital jointly led the investment. This is also the first time that Lei Jun and Jack Ma have heavily invested in an embodied intelligence company together. Fortune Capital, a leading RMB fund, Yinheyuanhui, Turing Fund, Xinding Capital, Gengxin Capital and other heavyweights provided support.
Until today, the 1.5 billion yuan financing has been finalized. It is reported that the funds raised in this round will focus on three core directions: continuous R & D and iteration of the new - generation embodied intelligence base model, construction of a global real - data infrastructure system, and promotion of large - scale commercial implementation in multiple industry scenarios. Relying on the full - stack technology advantage and capital support, it will continuously improve the closed - loop system of algorithm + hardware + data + scenario + ecosystem to consolidate the long - term competitive barrier.
This is not a simple fund - raising. In essence, it is a deep replacement of core strategic resources before listing and a strong endorsement of the top - tier supply chain. Financial capital injects sufficient ammunition to support model iteration, data factory construction, and large - scale implementation. Industrial giants open up global real scenarios, core hardware technologies, and industrial chain resources to break through the key link of commercialization.
Breaking the Silicon Valley monopoly, a Chinese embodied model tops the world
Investors are voting with real money.
All these are inseparable from Qianxun Intelligence's hard - core technological breakthroughs in the field of embodied large models. Since March 2025, Qianxun has released its self - developed Spirit v1 VLA large model, which has solved the problem of flexible object manipulation (such as folding clothes). Now it has evolved to Spirit v1.6. Han Fengtao once emphasized that 2026 is a year of rapid performance explosion for embodied models, and Qianxun will put most of its energy into the model.
The phased achievements are beginning to show. In January this year, Spirit v1.5 officially surpassed the long - standing US benchmark model Pi0.5 in the RoboChallenge Table30 real - machine evaluation and topped the world.
This time, winning two championships in half a year, Qianxun's self - developed embodied base model Spirit v1.6 has successfully topped the RoboArena, known as the "Olympics" of embodied intelligence. It ranks higher than NVIDIA's latest model Cosmos3 and Physical Intelligence Pi0.5, becoming the first Chinese embodied model to top the list.
RoboArena is an international public evaluation platform for embodied intelligent robot strategies jointly initiated by top global academic institutions and technology giants such as the University of California, Berkeley, Stanford University, and NVIDIA. It is known as the "Chatbot Arena" in the robotics field. This list breaks the traditional single - laboratory evaluation model and is currently recognized as the "world - class authoritative main list" with high value and long - term guiding significance for the industry.
In the era of embodied intelligence, RoboArena marks that robot technology has moved from "self - proof in the laboratory" to open competition based on large - scale international samples and the real world. In the North American main battlefield, the Chinese model's counter - attack and victory, ranking among the top in this list, undoubtedly represents that the algorithm model has reached the global top level in terms of multi - tasking, strong generalization, and industrial - level implementation.
Spirit v1.6 shows all - around generalization and practical operation advantages. Facing complex scenarios such as opening and closing lids, grasping delicate objects, and multi - step continuous tasks, the model can form a complete and smooth action closed - loop and performs stably in environment understanding, target recognition, action planning, and execution.
The victory is not a single breakthrough but the result of Qianxun Intelligence's long - term in - depth cultivation and high - frequency iteration of the embodied model.
Looking back at the cross - generational evolution of the embodied large model, in addition to the extreme engineering at the algorithm level, it also relies on the support of data infrastructure. The generalization ability of embodied intelligence is essentially determined by high - quality, large - scale real - world data. For this reason, Qianxun Intelligence has first established a unique "data pyramid" technology strategy in its forward - looking layout.
The core of the data source lies in the independent definition and high - frequency iteration of hardware devices. For a long time, traditional data collection devices have had pain points such as high cost, cumbersome wearing, and difficulty in large - scale deployment. However, Qianxun's self - developed wearable data collection device has achieved a cross - generational upgrade from a "high - precision prototype" to "lightweight, high - efficiency, and low - cost" after seven generations of technological evolution, which can successfully solve the traditional pain points.
On this basis, Qianxun Intelligence has successfully built a distributed data super - factory system, established the largest real - data collection team in China. Nearly a thousand wearable devices are simultaneously collecting data in more than 100 cities across the country, and a full closed - loop from low - threshold data collection to automated cleaning, annotation, and quality inspection of massive and diverse data has been realized.
It is these underlying data infrastructure that provide continuous data fuel for the generalization and evolution of the Spirit v1.6 model. It is reported that in 2026, Qianxun Intelligence will accumulate a phased precipitation of one million hours of real - world interaction data, covering long - tail complex scenarios and multi - modal operation samples.
This is an accelerated competition. In the future, whoever has one million hours of real data will have the pricing power in the era of embodied intelligence.
The commercialization test of embodied intelligence, the pre - IPO battle
The global wave of embodied intelligence is obvious. However, beneath the hustle and bustle, the real watershed is not the model score nor the financing amount, but the ability to realize commercialization.
Now, Qianxun Intelligence is fully promoting the commercial implementation of massive scenarios, and a commercial golden triangle spanning "global industry, Chinese retail, and high - end manufacturing" is taking shape.
In the global industrial strategy dimension, it has reached a group - level strategic cooperation with the century - old global industrial giant Bosch Group, standing on the main channel of global industrial automation, sharing scenarios, technologies, supply chains, and global channels, and jointly building a global industrial ecosystem. Industry is the most difficult and most valuable foundation for embodied intelligence. Bosch's endorsement essentially means the recognition of Qianxun's technical route by the international industrial system.
In the Chinese retail service field, it has joined hands with JD.com and signed a four - year long - term contract. The first landed product, the Moz robot, has officially entered the offline stores of JD MALL and will be quickly replicated to scenarios such as automatic sorting in pharmacies and commercial cleaning, running through a replicable, profitable, and data - precipitable retail path.
In the high - end manufacturing field, the Xiaomo robot equipped with the self - developed embodied model has been large - scale deployed in the power battery PACK production line of CATL, achieving an ultra - high operation success rate of over 99% in the plug - in process in a complex high - voltage environment. Its daily workload is three times that of manual labor, which means that Qianxun has crossed the line between the laboratory and industrial - level mass production.
Through rapid alliances and in - depth cooperation with benchmark enterprises in various industries such as Bosch, JD.com, and CATL, Qianxun Intelligence has run through the positive - cycle flywheel of "scenarios precipitate data, data iterates models, and models feed back to the industry" in a very short time. Only by improving the ability to perform tasks in complex real environments can general robots truly enter all industries and households.
The prelude to the era of leading companies in embodied intelligence is slowly opening. A common consensus is that 2026 is the watershed for embodied models. In the first half of the year, the model capabilities showed a gap; in the second half of the year, the commercialization closed - loop showed a gap. The capital market is no longer paying for stories but only recognizes one thing: whether the technology can be implemented, whether the implementation can be scaled up, and whether the scale can feed back to the technology.
Standing at the node of 2026, embodied intelligence has entered the pre - IPO battle. The core assets that hold the "Chinese embodied brain" have taken the lead in entering the capital acceleration period before IPO. As we can see, a group of leading companies such as Unitree Robotics, Zhipu Robotics, and Galaxy General have rushed to go public.
This wave of listing is also a re - evaluation of the industry value. The valuation given by the capital market is no longer a story premium but a comprehensive pricing of the real industrial value. In other words, this means that the track has entered the oligopoly elimination stage from the wild - growth stage, and only top - tier players can stay in the game.
Perhaps looking back many years later, this moment is the watershed.
This article is from the WeChat official account "Investment World" (ID: pedaily2012), author: Yang Jiyun, published by 36Kr with authorization.