TECH

Robot Startup Galaxea AI Raises $291 Million

Published: Apr. 2, 2026 5:18 p.m. GMT+8

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A Galaxea AI humanoid robot. Photo: VCG

Chinese humanoid robot startup Galaxea AI has raised 2 billion yuan ($291 million) in a new funding round, pushing its valuation above 20 billion yuan.

The substantial capital injection underscores a growing trend of investments concentrating on a few top-tier robotics firms in China, even as the broader sector grapples with technical hurdles in mass commercialization and recent share price pullbacks among publicly traded peers.

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Galaxea AI raised 2B yuan ($291M), valuation >20B yuan; prior 1B yuan Series B on Feb. 11 valued at 10B yuan.
~20 investors incl. Lens Technology (300433.SZ) and state funds; others like Galbot (2.5B yuan) raised ~1B yuan each.
Sector faces commercialization hurdles; public stocks fell: UBTech to HK$102, Swancor (688585.SH) to 118 yuan.

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Who’s Who

Galaxea AI: Galaxea AI raised 2 billion yuan ($291 million) in a new funding round, pushing its valuation above 20 billion yuan. Nearly 20 investors participated, including Lens Technology (300433.SZ), its hardware partner, and state-backed funds. This follows a 1 billion yuan Series B on Feb. 11, valuing it at 10 billion yuan.

Lens Technology Co. Ltd.: Lens Technology Co. Ltd. (300433.SZ), a consumer electronics manufacturer, participated as one of nearly 20 institutional investors in Galaxea AI's 2 billion yuan funding round. It also serves as Galaxea AI's hardware and mass production partner.

PaXini Tech: PaXini Tech, a Chinese humanoid robot startup, raised about 1 billion yuan in funding over the past six months, amid a wave of investments in the sector.

Spirit AI: Spirit AI, a Chinese humanoid robot startup, raised about 1 billion yuan in funding over the past six months, amid a broader wave of investments in the sector.

LimX Dynamics: LimX Dynamics raised about 1 billion yuan over the past six months, amid a fundraising wave in China's humanoid robot sector, alongside startups like PaXini Tech and Robot Era.

Leju Robotics: Leju Robotics, a Chinese humanoid robot startup, raised about 1 billion yuan in funding over the past six months, amid a wave of investments in top-tier robotics firms.

Robot Era: Robot Era raised about 1 billion yuan in funding over the past six months, amid a fundraising wave by Chinese humanoid robot startups like PaXini Tech and EngineAI.

EngineAI: EngineAI raised about 1 billion yuan in funding over the past six months, amid a wave of investments in Chinese humanoid robot startups.

X Square Robot: X Square Robot, a Chinese humanoid robot startup, raised about 1 billion yuan in funding over the past six months, amid a wave of investments in the sector.

AI² Robotics: AI² Robotics raised about 1 billion yuan in a funding round over the past six months, amid a wave of investments in Chinese humanoid robot startups.

Galbot: Beijing-based Galbot secured 2.5 billion yuan in a new funding round on March 2, making it the sector’s most valuable unlisted company at the time.

Unitree Robotics: Unitree Robotics had its initial public offering application accepted by the Shanghai Stock Exchange on March 20.

UBTech Robotics Corp. Ltd.: Hong Kong-listed UBTech Robotics Corp. Ltd. saw its shares retreat to around HK$102 on Thursday from a peak of HK$161 ($20.5) in early November.

Swancor Advanced Materials Co. Ltd.: Swancor Advanced Materials Co. Ltd. (688585.SH), controlled by robotics firm AgiBot, saw its shares fall to 118 yuan per share on Thursday from a high of 170.9 yuan in mid-January.

AgiBot: AgiBot controls Shanghai-listed Swancor Advanced Materials Co. Ltd. (688585.SH). Its shares fell to 118 yuan per share on Thursday after hitting a high of 170.9 yuan in mid-January.

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