Atribot Secures $149.4 Million In Funding Led By Toposcend Capital At $2.24 Billion Valuation

Chinese embodied AI startup Astribot raised 1 billion yuan in a funding round led by Toposcend Capital, valuing the company at 15 billion yuan, up from 10 billion yuan three months ago. The round included Hongtai Fund, Ninghai Xingtaihe Fund, Soliton Capital and existing investor Xianmu. Founder and CEO Lai Jie said the funding will support AI model upgrades, hiring, production capacity and commercialization as Astribot expands deployments of its rope-driven robots in China and overseas markets. FOUNDER: Lai Jie INVESTORS: Toposcend Capital, Hongtai Fund, Ninghai Xingtaihe Fund, Soliton Capital & Xianmu AMOUNT: $149,400,000 VALUATION: $2,241,000,000 HQ: Shenzhen, Guangdong, China #VentureCapital #Astribot #LaiJie #ToposcendCapital #TradedVC