Embodied AI firm LightX Tech raises hundreds of millions yuan in angel round

Recently, Guangxiang Technology announced that it has completed a total of hundreds of millions of yuan in angel round financing. The latest round of financing saw deep participation from leading financial and industrial investors including Zhuhai Science and Technology Industry Group, XZ Capital, Pine Capital, Shunxi Fund, Mufund, See Fund, Yichen Capital, and listed company Xingyun Technology. Existing investors such as 01VC and Lighthouse Founders' Fund continued to increase their stakes. It is reported that the funds from this round will be mainly invested in the R&D and iteration of physics-based foundational models, and promote the commercial delivery of embodied intelligent robot products. (National Business Daily)