A Sketch of the Embodied AI Track: Smart Minds, Top-Tier Models, Valued at 10B or a Unicorn

Capital in the field of embodied intelligence is flowing towards the "brains" of robots.

According to incomplete statistics from QbitAI, in the first half of 2026 (as of June 12th), domestic companies in the embodied intelligence track raised a total of approximately 43.8 billion yuan in financing. The total financing amount in 2025 was about 55.4 billion yuan, and in 2024, it was about 13.7 billion yuan. At this rate, the financing in 2026 will reach a new high.

Among them, more than half of the funds flowed into "brain - oriented" companies. Compared with the previous generation of hardware - centered or full - stack platform companies, "brain - oriented" companies emphasize more on "defining hardware with software and defining the entity with models".

For "entity - oriented" companies whose business is centered around robot entities, the financing during the same period only accounted for 12.8%, even lower than that of enterprises producing core components (such as dexterous hands, sensors, joint modules, etc.) (14.4%).

The financing speed of many "brain - oriented" companies seems to be on a rocket. "Raising funds once a month on average" has even become the norm in the industry. The most extreme case is that only two weeks passed between two rounds of financing for one company.

This is a young track. Among the 35 "brain - oriented" companies in the incomplete statistics of QbitAI, most companies (20) are in the early - stage financing phase (seed/angel/Pre - A round), and no company has entered the late - stage financing phase (C/D/Pre - IPO round).

This is also a hot track. According to QbitAI's statistics, the average financing of Pre - A round for embodied brain companies is 700 million yuan, and the average financing of B round is 2.25 billion yuan. In most other fields, this is the level of C/D rounds.

We have summarized several important trends in the current embodied brain venture capital.

Accelerated financing for embodied brains

The first trend is: The financing rhythm in the embodied brain track is so fast that it has broken the traditional logic that requires milestone verification to promote the next round of financing.

Since the second half of 2025, a large amount of capital has flowed into the embodied brain track. After entering 2026, the financing rhythm has further accelerated.

For example, Delta Intelligence, established in January 2026, completed three rounds of financing of over 100 million yuan within three months; Octopus Power, established during the same period, completed a seed round of hundreds of millions of yuan and an angel round of nearly 50 million US dollars in less than two months; Moushen Intelligence also completed five rounds of financing within half a year. There are many similar cases.

Moreover, the financing scale of many companies is far higher than the benchmark for that round.

Tashizhihang raised 455 million US dollars (about 3.3 billion yuan) in the Pre - A round in April, not only setting a record for the highest single - round financing in China's embodied intelligence, but also exceeding the financing amount of most companies in the A/B rounds.

Some projects received continuous capital investment in the angel round.

Deep Dome Star Core completed a "triple jump" from the "angel round - angel + round - angel ++ round" in less than 70 days; Zhiyue Space Intelligence even got an "angel ++++", and completed two rounds of financing in a row in April 2026.

Generally speaking, the angel round mainly focuses on "ideas and teams", while the A round will focus on "business models and data". A startup company continuously raising funds in the angel round usually means that its business has not yet crossed the threshold for the next round.

At the same time, resources are being concentrated in leading companies. The top five companies in terms of financing amount raised a total of 15.4 billion yuan, accounting for about 70% of the total financing in the track.

Among them, Qianxun Intelligence is currently the most sought - after "brain - oriented" company. From February to June, it completed four rounds of financing in a row, with a cumulative amount of nearly 5 billion yuan, and its valuation has reached as high as 20 billion yuan.