X Square Robot Brings Valuation to $2.8B with Four Consecutive Funding Rounds

X Square Robot Technology Co., an embodied AI and foundation model developer, has closed four consecutive financing rounds culminating in a Series C, bringing its valuation to more than $2.8 billion. The Shenzhen, China-based company said it will use the funding to invest in foundational research and core technologies to advance toward general-purpose embodied AI.

Founded in 2023, X Square Robot develops end-to-end embodied AI systems that enable robots to adapt to changing environments and generalize across tasks, rather than relying on traditional rule-based automation. The company’s system combines foundation models, robotics hardware, a proprietary data-pipeline system, and real-world deployments. At its core is a general-purpose embodied AI model designed for perception, reasoning, and action in complex physical environments.

The financing brings together strategic and financial investors, including leading technology companies, industrial partners, and venture capital firms. IDG participated in the Series C round, while HongShan and Xiaomi have backed X Square in multiple previous rounds. In April 2026, the company introduced WALL-B, a foundation model built on its World Unified Model architecture.

Wang Qian, founder and CEO of X Square Robot, stated: “Since Day 1, X Square Robot has focused on in-house development of foundation models, pursuing a challenging but necessary path. Today, our investments in embodied AI models; a scalable, model-driven, high-quality data pipeline system; and real-world deployment are beginning to deliver clear results.”

Source: The Robot Report