ByteDance, Meituan, and Alibaba have all placed bets on it simultaneously. Independent Variable has completed a Series A++ financing round of 1 billion yuan.

Independent Variable Robotics announced that it has completed a Series A++ financing round worth 1 billion yuan. This financing round was jointly invested by top investment institutions and diverse local platforms such as ByteDance, HSG China, Beijing Information Industry Development Fund, Shenzhen Capital Group, Nanshan Strategic and Emerging Industries Investment Fund, and Wuxi Venture Capital Group. It is understood that this is also the first investment made by the AI fund of Shenzhen Capital Group since its establishment. Notably, apart from ByteDance, Independent Variable Robotics also received investments from Meituan and Alibaba in previous financing rounds. It is the only embodied intelligence company in China that has been invested in by these three major Internet companies. (Yicai Global)