Humanoid and quadruped robot producer Deep Robotics said it had raised RMB 500 million ($70 million) in fresh funding from a group of Chinese investors, reports the South China Morning Post. This latest round of financing was led by CMB International, China Asset Management and funds under state-owned telecommunications network operators China Telecom and China Unicom.
Deep Robotics founder and CEO Zhu Qiuguo, who also serves as an associate professor and PhD adviser at Zhejiang University, said the new funding would be used for research and the recruitment of top robotics talent.
The start-up, whose Hangzhou-based peers include Unitree Robotics and DeepSeek, was founded in 2017 and has become one of China’s leading developers of quadruped robot dogs and humanoids.