Unitree Technology has completed a nearly 700 million yuan Series C financing round, and tech giants such as Tencent, Alibaba, and China Mobile have all secured their spots in the investment.

Recently, according to a report by the media LatePost, Unitree Technology, a unicorn enterprise in the robotics field, has successfully completed its Series C financing. This financing was jointly led by funds under China Mobile, Tencent, Jinqiu, Alibaba, Ant Group, and Geely Capital, with the financing amount approaching 700 million RMB and the post - investment valuation exceeding 12 billion RMB.

This news undoubtedly injects a shot in the arm into the booming robotics industry and also gives Unitree Technology greater development potential in the highly competitive market.

After 11 rounds of financing, still in Series C, Unitree remains full of vitality.

Data from IT Juzi shows that since its establishment in 2016, Unitree has completed 10 rounds of financing, with star investment institutions such as Meituan Longzhu, Sequoia China, Zhongguancun Science City, Beijing Robotics Industry Investment Fund, Shanghai Science and Technology Innovation Fund, CITIC Securities, Shunwei Capital, Shenzhen Capital Group, Source Code Capital, and China Internet Investment Fund behind it.

As early as 2016, when Unitree Technology was first established, it mainly focused on the research and development and production of quadruped robots. Financing was not easy at that time, and it later received an investment from an individual investor, Yin Fangming. It is reported that Yin Fangming invested 2 million RMB for a 20% stake in Unitree Technology. Yin Fangming was also an entrepreneur at that time, serving as the co - president of roobo, a company in the field of intelligent educational companion robots. This was a typical seed - round investment.

In 2018, Unitree began to receive angel investment from formal investment institutions. The investors were Variable Capital under GeekPark, AnChuang Technology Investment with Hong Kong, Macao, and Taiwan backgrounds, and Binhe Investment with He Xiaopeng as the main contributor.

After that, Unitree Technology gradually came into the view of the mainstream investment circle.

Between 2020 and 2022, Unitree carried out several rounds of financing in a step - by - step manner, including Pre - A, A, A+, B, and B+. It was also during these financings that well - known investors such as Sequoia Seed, First Capital, Vertex Ventures, Shunwei Capital, and Matrix Partners joined.

In 2021, Wang Xing led Unitree's quadruped robot "Benben" to perform in a group on the stage of the CCTV Spring Festival Gala for the Year of the Ox. In 2022, he led 109 Go1 quadruped robots to appear at the opening ceremony of the Winter Olympics. Participation in these large - scale events increased the popularity of Unitree Technology, but there is less public information on specific valuation data. However, in terms of market influence, Unitree Technology gradually stood out in the field of quadruped robots during this period, laying a foundation for its subsequent development.

In February 2024, Unitree Technology completed a nearly 1 - billion - RMB Series B2 financing. The participants included Shenzhen Capital Group, China Internet Investment Fund, Rongyi Investment, Matrix Partners, Source Code Capital, Meituan Strategic Investment Department, CITIC Jingshi, Borui Zhilian, and Jundian Venture Capital. This large - scale financing provided solid financial support for Unitree Technology's technological research and development and product upgrading.

In May 2024, Unitree launched the humanoid robot G1 with a height of about 127 cm. The basic version is priced at 99,000 RMB, officially entering the humanoid robot field. During this period, with the expansion of its business and the increasing attention of the market to humanoid robots, the valuation of Unitree Technology also increased accordingly.

After completing a partial Series C financing of hundreds of millions of RMB in September 2024, its valuation reached 8 billion RMB -

Data from IT Juzi shows that the partial Series C financing completed on September 25, 2024, had a financing amount of hundreds of millions of RMB. The investors included Beijing Robotics Industry Investment Fund, Meituan Longzhu, Zhongguancun Science City, Amber Capital, Shanghai Science and Technology Innovation Fund, Sequoia China, CITIC Securities, Vertex Ventures China Fund, etc.

In the latest news, Unitree has completed the delivery of the Series C financing that started at the end of last year. It was jointly led by funds under China Mobile, Tencent, Jinqiu, Alibaba, Ant Group, and Geely Capital, and most of the old shareholders followed up with investments.

After 11 rounds of financing, Unitree still remains in Series C.

During the Series C financing period from the end of last year to now, Unitree Technology has experienced a series of major events, which have promoted a further increase in its valuation.

In February 2025, Unitree's humanoid robot product Unitree H1 shone on the Spring Festival Gala stage, attracting wide attention. At the same time, it also made Unitree Technology a landmark enterprise in the Chinese humanoid robot track, being jointly called the "Six Little Dragons in Hangzhou" with DeepSeek, BrainCo, Qunhe Technology, YunShenChu Technology, and Game Science.

At the beginning of January this year, China Mobile, Ant Group, and some large industrial parties were actively negotiating investment matters. Several major potential investors planned to invest between 100 million and 300 million RMB.

After entering February this year, the post - investment valuation of Unitree's Series C gradually increased, and the financing structure also changed accordingly. According to multiple industry sources, the valuation of some old - share transactions of Unitree exceeded 15 billion RMB in the first half of this year. Currently, the pre - investment valuation of Unitree has exceeded 10 billion RMB.

On May 29, 2025, Unitree Technology issued a notice to its partners. Due to the company's development needs, Hangzhou Unitree Technology Co., Ltd. will change its name to Hangzhou Unitree Technology Co., Ltd. (a joint - stock company) as of today.

All the original company's business will be continued by the "new company name", and all contracts signed by the original company will remain valid. The National Enterprise Credit Information Publicity System shows that Unitree Technology has changed its market entity type from a limited liability company to a joint - stock company. This change can be equivalent to completing the shareholding reform.

Industry insiders analyze that this may be paving the way for an IPO, triggering speculation about whether it will promote IPO - related matters in the future.

This article is from the WeChat public account "IT Juzi" (ID: itjuzi521). The author is IT Juzi, and it is published by 36Kr with authorization.