Xynova secures hundreds of millions in Series A financing, defining a new height for dexterous operation with Flex2.

Recently, 「Xynova」, a domestic provider of full-stack solutions for general dexterous manipulation, officially completed hundreds of millions of yuan in Series A financing. This round was jointly led by Ideal Strategic Investment, CSC Capital, and CSC Investment, with the Yangtze River Delta Digital Culture Group participating in the investment. Old shareholders such as Caitong Capital, Xiaomi Strategic Investment, and CETC Fund continued to increase their investment beyond expectations. Light Source Capital continued to serve as the exclusive financial advisor.

Decoding the Investor Camp: Joint Bets by Industrial, State-owned, and Financial Capitals

Since its establishment at the end of 2024, Xynova has cumulatively raised nearly 1 billion yuan, firmly ranking in the first echelon of the domestic dexterous hand track. It is one of the very few players with full-stack self-developed core technologies, whole-hand engineering capabilities, and large-scale delivery capabilities.

The composition of investors in this round continuously reinforces three clear industrial signals:

Firstly, the strategic entry and continuous investment of leading OEMs and consumer electronics companies represented by Ideal and Xiaomi indicate that dexterous hands have become a key means for the implementation of embodied intelligence, directly determining the fine operation ability in industrial manufacturing and the practicality of household service robots.

Secondly, the leading investment in this round by top brokerage capital represented by CSC and the continuous investment by old shareholder Caitong Capital mean that the dexterous hand track has crossed the early risk stage and entered the allocation vision of mainstream financial institutions in the growth and mid-late stages in the traditional sense.

Thirdly, the continuous gathering of local state-owned industrial capital such as the Yangtze River Delta Digital Culture Group and Hangzhou Data Group shows that local governments are positioning dexterous hands as core nodes in the industrial chain in advance and promoting cluster collaboration based on regional manufacturing advantages.

The three types of capital moving in the same direction reflect the trend that capital is shifting from humanoid robot whole machines to core components. Dexterous hands are experiencing a qualitative turning point from laboratory samples to key components in the industrial chain. Industrial capital, state-owned capital, and financial institutions are jointly betting on the "last mile" of localization and large-scale production.

Xynova positions itself as a provider of full-stack capabilities for general dexterous manipulation. With dexterous hands as the hardware carrier, arm-hand coordination as the execution architecture, and cerebellar motion control algorithms as the intelligent center, it constructs a complete closed-loop of "perception - control - decision-making" to provide a hardware-software integrated operation base for robot bodies, algorithms, and scenarios.

Composite Team: Forward Design from the Bottom Components

Mr. Xia Yuxuan, the founder and CEO of Xynova, holds dual degrees in physics and computer science from world - class universities. He has worked in several top investment institutions, accumulating rich experience in capital operation and industry in the fields of hard technology and robotics. At the same time, he has assembled a composite team covering the entire chain of motor, electronic control, mechanical structure, joint module, dexterous hand, production and manufacturing, and supply chain. The core members come from several leading technology and manufacturing companies and bring together R & D talents from top domestic and foreign universities. The team has more than twenty years of technical accumulation in high - performance motor systems and mechatronics, and has successfully transferred the capabilities of motor electronic control, precision transmission, and dexterous operation to the field of embodied intelligence.

This team structure determines that Xynova does not "purchase components for integration" but conducts forward design from the bottom core components to the whole - hand system: It infers the hand structure based on dexterous operation algorithms and real - world scenario requirements, and then infers the indicators and arrangements of micro - electric cylinders, motors, lead screws, reducers, and sensors. For a highly coupled product like a dexterous hand, leading in single - point parameters is not enough to ensure usability. Continuous iteration, stable manufacturing, and batch delivery are the real industrial thresholds.

Flex2: Moving from Hardware Parameter Competition to Intelligent Closed - Loop Control

On May 13, 2026, Xynova launched the world's first bionic dexterous hand Xynova Flex 2 with a hybrid drive of "tendon rope + direct motor drive" online. This is not just an upgrade of a product but also marks that the dexterous hand industry is moving away from the hardware parameter competition of "piling up degrees of freedom and competing for load" and towards the competition of closed - loop system capabilities centered on "perception - control - decision - making".

The progress of Flex2 can be summarized into three industrial - level breakthroughs:

1. Convergence of technical routes: The industry has long had to choose between tendon rope (compliant but slow in response) and direct drive (rigid but rough in force control). The hybrid drive architecture of Flex2 combines the two, retaining the lightweight (only 400g), high degrees of freedom (23, including 19 active and 4 passive), and safety compliance brought by tendon rope drive, and improving the instantaneous output capacity and dynamic response speed through direct motor drive. The patent direction of the dexterous hand recently announced by Tesla also echoes Flex 2 in key concepts such as "rear - mounted drive, integrated arm - hand, and tendon rope transmission", further verifying the ultimate value of the lightweight, high - degree - of - freedom, and compliant operation route.

2. From "hand" to "intelligent hand": Flex2 integrates multi - modal sensing such as vision, touch, force, and proximity. The wrist camera, fingertip touch, and palm proximity provide real - time feedback, and the built - in control algorithm can form instinctive reactions such as contact reflex, anti - slip reflex, and compliant grasping. The repeated positioning accuracy is ≤±0.1mm, the force control accuracy is 0.05N, the maximum fingertip force is 20N, and the grasping and lifting load is 20kg. Behind these data, the dexterous hand has been upgraded from an "actuator" to an "intelligent end" with environmental adaptability.

3. Mass - production replicability: The dexterous hand industry is not short of laboratory prototypes but lacks the ability to stably deliver thousands of "usable hands". Flex2 has achieved a service life of 1 million opening and closing cycles, supports operation in a wide temperature range, and has locked in mass - production capabilities through full - chain self - development and self - production, including core components such as 8mm brushless hollow - cup motors, 7mm planetary roller screws, and micro - electric cylinders. The company's new 5400 - square - meter factory will ramp up production by the end of June 2026 and form an annual production capacity of 10,000 dexterous hands and 200,000 micro - electric cylinders by the end of the year, officially entering the large - scale delivery window.

For the industry, the iteration of Flex2 indicates that dexterous hands have met the conditions to move out of the laboratory and enter real - world labor scenarios. It no longer focuses on single - point parameter competition but achieves a systematic balance among lightweight, compliance, explosive power, accuracy, perception, and reliability, providing a "plug - and - play, stable and reliable" general end - platform for robot body manufacturers.

Industry Consensus: Dexterous Hands - The Key Variable in the Commercialization of Embodied Intelligence

On May 18, 2026, at the "Meet in Hangzhou - Dialogue on the Future" Investment Promotion Conference and the High - Quality Development Conference of Innovation and Entrepreneurship Investment, eight emerging technology companies were collectively introduced and named the "New Eight Steeds of Hangzhou". These eight companies are distributed in eight cutting - edge tracks: Xynova (dexterous hands), Sunrise (inference GPU), Rokid (smart glasses and AR), Diwei 2 (space computing power), Jinglianwen Technology (AI data infrastructure), Weinakexin (AI chips with integrated storage and computing), Bibost (intelligent vehicle chassis), and Enhe Technology (synthetic biology). They are either breaking through "bottleneck" technologies or defining new industrial paths. Different from the "Six Little Dragons", the "New Eight Steeds" present three distinct characteristics: more vertical, more fundamental, and more cutting - edge. From the "Six Little Dragons" to the "New Eight Steeds", the innovation and entrepreneurship echelon in Hangzhou is upgrading rapidly. The "New Eight Steeds" are targeting the next - generation industrial foundation rather than the prosperity of the application layer.

It is not accidental that Xynova is among them. As the only company in the "New Eight Steeds" focusing on the dexterous hand track, Xynova not only solves the "last mile" operation problem of robots - providing dexterous hands that enable robots to truly grasp and work but also, with its full - stack self - developed core technologies, becomes one of the very few domestic providers of robot core component solutions with the ability to independently research, develop, and manufacture the entire chain of "motor + electronic control + reducer + lead screw + algorithm".

Not long before the release of the "New Eight Steeds", Xynova was also awarded the "2026 Zhejiang Future Unicorn Enterprise", and its technical strength in full - stack self - development and self - production in the field of embodied intelligence has been authoritatively recognized. The multiple rounds of investment from industrial capital, state - owned platforms, and top financial institutions have given Xynova not only capital but also strategic recognition of its core position in the industrial chain.

The capital market is quickly reaching a consensus. According to the "Embodied Intelligence Development Report (2025)" jointly released by the China Academy of Information and Communications Technology and the Department of Electronic Engineering of Tsinghua University, the total financing in the field of embodied intelligence and robotics in China in 2025 reached 73.543 billion yuan, with 744 investment and financing events throughout the year. Among them, there were more than 20 financing events in the dexterous hand track, with a cumulative financing amount of more than 3 billion yuan. Capital is no longer only concerned about "who can make a hand" but about who can simultaneously succeed in technical routes, product iteration, mass - production delivery, and customer acquisition. From a global perspective, Tesla Optimus, Figure, Google, NVIDIA, etc. are all promoting robots from being "able to move" to being "able to work". Dexterous hands are the last link connecting intelligent decision - making and physical labor in the real world.

Compared with simple grippers, high - degree - of - freedom dexterous hands need to simultaneously solve the complex balance of degrees of freedom, load, compliance, fine force control, multi - modal perception, durability, and cost. Whoever can first turn it into a platform - level product that can be decided, mass - produced, delivered, and continuously iterated will have the opportunity to occupy the core position in the future robot industrial chain.

Future Vision: Building a General Dexterous Manipulation Ecosystem

It is not difficult to see that Xynova has long been committed to reshaping the industrial role of dexterous hands - making them no longer expensive and scarce precision equipment in the laboratory but a reliable, mass - producible, integrable, and continuously evolving base for embodied intelligence. With the continuous evolution of the Flex series, the company will enable robots to truly meet the diverse needs of the real world: from "able to reach" to "able to operate", from single actions to complex tasks.

ICRA 2026: The Global Debut of Flex2

From June 1 to 5, 2026, IEEE ICRA (International Conference on Robotics and Automation), the most influential top - level academic conference in the field of global robotics and automation, will be held in Vienna, Austria. As the flagship conference of the IEEE Robotics and Automation Society, ICRA has been held in multiple cities around the world since 1984 and has always been a gathering place for cutting - edge achievements in the field of robotics.

Xynova will also make the first offline debut of Flex2 in front of the global robotics academic and industrial circles, standing on the same stage as the world's top robotics forces and showing the dexterous manipulation solutions from China to the world.

Ideal Strategic Investment said: "Embodied intelligence is moving from technical verification to real - world scenario applications. As a key component for robots to achieve fine operations, dexterous hands are a core part of industrialization. Xynova has outstanding systematic capabilities in high - degree - of - freedom dexterous hands, micro - actuators, hybrid drive architectures, and whole - hand engineering, and is at the forefront of the industry in product iteration and mass - production delivery. Ideal Auto is optimistic about the founder team and looks forward to becoming a partner of Xynova. In the future, the two sides will jointly promote embodied intelligence from 'able to move and recognize' to 'able to operate stably and truly work' around product verification, scenario requirements, and industrial chain collaboration."

CSC said: "We have long been concerned about investment opportunities in the field of embodied intelligence and robot core components. The development of the humanoid robot industry is moving from 'able to move' to 'able to work'. As a key component for robots to complete fine operations in the real world, dexterous hands are an important terminal for the output of AI capabilities in the physical world. Xynova has chosen a high - degree - of - freedom, integrated arm - hand, tendon - driven solution with high technical difficulty and strong system integration. Through full - stack self - development and self - built production lines in core links such as motors, electronic controls, lead screws, reducers, and algorithms, it has built a hardware - software integrated barrier. The founding team of the company has scarce accumulation in the fields of motors, electronic controls, and engineering. We are optimistic about its key position in the embodied intelligence industrial chain and long - term growth potential and look forward to the company continuously releasing value in the future industrialization and capitalization process."

Lou Yang, a partner of Light Source Capital, said: "Congratulations to Xynova on completing three rounds of financing within half a year! We are firmly optimistic about Xynova's technical path and product definition ability. In the core track of embodied intelligence - dexterous hands, the company's full - stack self - developed strength and extreme engineering ability are not only manifestations of technical barriers but also accurate predictions of the industry's end - game. In this round of financing, Light Source can continue to empower with both 'capital speed' and 'industrial depth' based on our long - term confidence in this scarce target. From the introduction of top - level industrial capital to the connection of the upstream and downstream ecosystems, we are making every effort to promote Xynova from a technical high - ground to the depth of the industry. In the future, Light Source will continue to be the company's most solid 'industrial companion', using capital to help it make the key leap from product verification to large - scale implementation and define the standard of dexterous hands in the era of embodied intelligence."

Quan Bo, the vice - president of Light Source Capital, said: "Congratulations to Xynova on completing a new round of financing. In the field of dexterous hands, Xynova shows the leadership qualities of defining the next - generation products. We particularly admire the company's technical belief of adhering to the 'first - principles thinking' and 'starting from the end'. When the industry was generally hesitant, it was the first to complete systematic verification around the lightweight, high - degree - of - freedom, and compliance advantages of the 'integrated arm - hand + tendon - driven' solution and continuously iterate the hybrid drive technology of 'tendon rope + direct drive' to explore the optimal solution that combines dexterity, response speed, and engineering feasibility. The company's highly forward - looking architecture design has solved the world - class problem of high degrees of freedom and high dynamic response, representing the world's top level of dexterous hands. More commendably, the team has transformed the top - level technical