On April 7th, Spirit AI, a self embodied intelligent unicorn, announced another 1 billion yuan in new financing, led by Shunwei Capital and Yunfeng Fund, with heavy support from Dachen Caizhi, a leading RMB fund, Galaxy Yuanhui, Turing Fund, Xinding Capital, Gengxin Capital, and others.
This is just over a month after the official announcement of the last round of 2 billion yuan financing. So far, Qianxun Intelligence has raised 3 billion yuan in financing within 30 days, with a speed that is astonishing.
A more indicative scene is the rare handshake between Lei Jun and Jack Ma on the racetrack - Shunwei Capital and Yunfeng Fund jointly invested in a self owned intelligent company for the first time. Thus, an industrial capital ecosystem quietly emerged.
Jack Ma and Lei Jun jointly lead the investment
With such rapid financing, Qianxun Intelligence has become a phenomenal representative of China's embodied intelligence wave.
The founder behind him, Han Fengtao, is a serial entrepreneur who graduated from Zhejiang University in his early years. In 2015, he co founded Luoshi Robotics and served as its CTO. Han Fengtao once summarized his first entrepreneurship as' the ignorant are fearless', and a 60 page Word document was their first BP
In the following 10 years, he led the delivery of over 20000 industrial robots, witnessed the process of the localization rate of industrial robots from 3% to over 50%, and witnessed the rise of China's industrial robot industry chain.
In 2023, ChatGPT swept the world, and Han Fengtao realized that big models are the universal brain of robots, which is the true technological revolution. He wrote a ten thousand word article titled 'When Robots Embrace Big Models' on Zhihu, asserting that AI big models are the ultimate answer to solving robot intelligence problems.
Feeling that time waits for no one, just as Luoshi was preparing to go public, Han Fengtao resolutely resigned and was determined to build a embodied intelligence company with a full stack of "AI+robots".
For this purpose, Han Fengtao spent half a year screening over 6000 contacts and conducting face-to-face interviews with over 100 individuals, ultimately identifying the current "iron triangle" of Qianxun Intelligence
Co founder and Chief Scientist Gao Yang, born in 1991, is one of the "Four Returned Sons of Berkeley" and currently serves as an assistant professor and doctoral supervisor at the Institute of Interdisciplinary Information Studies at Tsinghua University; Co founder Zheng Lingyin, a pioneer in industrial robots going global, responsible for commercialization and operation; Han Fengtao himself serves as the CEO. The three founders respectively cover the three core competencies of AI, robotics, and commercialization, forming a rare "hexagonal warrior" team in the industry.
In January 2024, Qianxun Intelligent (Hangzhou) Technology Co., Ltd. was officially established, dedicated to creating industry-leading universal humanoid robots and next-generation embodied models and learning algorithms, driving the world towards a new era of intelligent robots.
Accurately stepping into the trend of the times, Chihiro began to develop at lightning speed after setting sail - launching the first prototype Moz 0 in just 6 months and completing technical verification. Last June, the first domestically produced high-precision force controlled humanoid robot, Moz 1, was released. It features 26 degrees of freedom fully integrated force controlled joints, a 1:1 load to weight ratio, and a positioning productivity level embodied intelligent robot.
In summary, the core competitiveness of Qianxun Intelligence lies in the full stack technology loop of AI large models and high-performance robot hardware. In March 2025, Qianxun released its self-developed Spirit v1 VLA large model, which solved the problem of operating flexible objects (such as folding clothes) and has now evolved to Spirit v1.5.
It is worth mentioning a milestone event in the field of embodied intelligence in China - at the beginning of this year, Qianxun's Spirit v1.5 model, with a comprehensive score of 66.09 and a task success rate of 50.33% in the RoboChallenge Table30 real machine evaluation, officially surpassed the long-standing American benchmark model Pi0.5 (with a score of 58.7 and a success rate of 42.67%) and topped the global charts.
All of this stems from deep cultivation on the technological path. Gao Yang previously stated that Qianxun adheres to the "data pyramid" training concept and did not follow the traditional "world model" approach of predicting every frame in the pre training stage, which consumes huge computing power and is inefficient. On the contrary, Qianxun chose to pre train based on massive human Internet videos to achieve better results with fewer parameters and significantly reduce computing cost.
In the reinforcement learning stage, Chihiro introduces a world model to predict future states, thereby assisting the reinforcement learning process. This is a more efficient and low-cost route that allows the model to continuously try and optimize in the "imagination", avoiding the high cost of trial and error in the real world.
Nowadays, the technology roadmap of top players in China and the United States is beginning to converge. On April 2nd, Generalist AI released its latest model, Gen1, which increased the average success rate of multiple physics tasks from 64% to 99%, with a completion speed approximately three times faster than existing state-of-the-art technologies. To some extent, this confirms the correctness of Qianxun's intelligent technology roadmap.
Firstly, the data-driven Scaling Laws of both parties are highly consistent, with diversity at their core; In addition, in terms of data collection, expensive remote operations have been abandoned and low-cost wearable devices have been adopted to collect human activity data, which can be said to lead to the same goal.
Differentiation lies in the bet on hardware form. The Qianxun intelligent machine is equipped with 26 joints, each of which integrates a force sensor and is equipped with a three finger dexterous hand; Currently, the Generalist adopts a two finger design. The three finger structure faces higher degrees of freedom, finer force control requirements, and more complex motion mapping in wearable data acquisition, significantly increasing technical difficulty. However, it also means higher operational limits and generalization ability, providing richer data dimensions for models to learn human level fine operations.
If the consistent data collection route proves that Chihiro Intelligence has kept up with the pace of top overseas players, then the choice of the Three Finger Clever Hand indicates that Chihiro Intelligence is challenging higher difficulty hardware forms than Generalists. What two fingers can do, three fingers can definitely do; What three fingers can do, two fingers may not touch. This "self inflicted trouble" differentiation route is precisely Chihiro Intelligence's long-term bet on general embodied intelligence.
As of April 2026, the Qianxun Intelligent Data Collection Team will expand to a scale of one thousand people, becoming the first embodied intelligent company in China to shift diversified data collection routes from theory to engineering and scale, and complete dual verification in real business scenarios. Through self-developed equipment, Qianxun has reduced data collection costs by 90%. So far, Chihiro has accumulated more than 200000 hours of multi type real interactive data, covering Internet video, teleoperation, wearable collection and other dimensions. It is expected that the total number will exceed 1 million hours in 2026.
Han Fengtao once said that 2026 is a year when embodied model performance will rapidly explode, and Chihiro will focus the vast majority of his energy on the model. At the same time as resonating with top players on the technological path, Chihiro Intelligence is paving a more difficult but farther path for the ultimate goal of universal embodied intelligence with its differentiated hardware form of three finger dexterous hands.
30 day financing of 3 billion
Looking back, the diversified industrial capital behind Qianxun Intelligence is impressive.
According to the official website, in August 2024, Qianxun Intelligence completed nearly 200 million yuan in seed and angel round financing, with investors including Shunwei Capital, Oasis Capital, Honghui Fund, Dachen Caizhi, Qiancheng Capital, etc; In November of the same year, Angel+Series raised funds, led by Bairui Capital, founded by Li Ping, co-founder and vice chairman of CATL.
In March 2025, Qianxun Intelligence announced the completion of a pre-A round of financing worth 528 million yuan, led by Prospery7 Ventures (P7) under Aramco Venture Capital, with deep participation from multiple capital firms such as China Merchants Capital, Guangfa Xinde, Jingya Capital, Dongfang Fuhai, and Huakong Fund; In July, nearly 600 million yuan of Pre A+round financing was completed, led by JD Investment, China Internet Investment Fund (hereinafter referred to as "China Internet Investment"), Zhejiang Science and Innovation Fund, Huatai Zijin, Fosun Ruizheng and other well-known institutions.
Impressively, in February of this year, Qianxun completed two consecutive rounds of financing of nearly 2 billion yuan, with industry capital concentrated and appearing at top tier institutions such as Yunfeng Fund, a leading state-owned enterprise, Chaos Investment (Ge Weidong), Sequoia China, etc; Synstellation Capital, TCL Venture Capital, Minghui Investment (owned by Zhu Xingming, Chairman of Huichuan Technology) and other industrial capital; Chongqing Industrial Investment Mother Fund, Hangzhou Jintou and other state-owned capital; 360 Fund, Houxue Capital and other investment institutions, as well as old shareholders, have all subscribed in large quantities. Thus, the company's valuation has exceeded billions.
One month later, Qianxun Intelligent once again went viral, forming a comprehensive empowerment pattern covering top capital, industry giants, state-owned capital, and investment tycoons.
Under the extensive layout of industrial shareholders, a unique all scenario ecosystem is established.
Undoubtedly, as the competition of embodied intelligence moves from the laboratory to the industrial depth, scene entry and data sources become the key to determining the outcome. Through Bairui Capital (CATL), Minghui Investment (Huichuan Technology Office), and TCL Venture Capital; JD.com and China Merchants Group Venture Capital; With investments from Hubble Investment (Huawei series) and Shunwei Capital (Xiaomi series), Qianxun Intelligent has locked in three core scenarios: industrial manufacturing, logistics retail, and consumer electronics, forming a positive cycle of scenario feedback models and model improvement of scenario efficiency - this is a core competitiveness that is difficult to replicate.
Moving from the laboratory to the production line, commercialization capabilities are gradually emerging. Taking Ningde Times as an example, the Ningwang series is not only a financial investor for Qianxun, but also the "first scene" for its technology landing. At present, Qianxun Intelligence has put into operation the world's first humanoid embodied intelligent production line at the Ningde Times Zhongzhou base. Mozi robots have produced nearly a thousand batteries on the PACK production line, achieving zero fault mass production and a stable plug-in success rate of over 99%. The operation pace has reached the level of skilled workers and can independently cope with uncertainties such as incoming material position deviation and plug-in point changes.
When embodied intelligent robots truly enter the production line of global power battery leaders and become an indispensable part of the production line, it means that Qianxun Intelligent's technology has crossed the gap from "laboratory demonstration" to "industrial mass production". For the capital market, this is a more convincing commercial proof than any technical indicator.
After all, whoever enters the production line of CATL has the most rigorous testing ground and the most stable source of orders.
JD.com and Qianxun have also completed a step from investment to ecological co construction. In March of this year, the two sides signed a strategic cooperation agreement to integrate Moz robots into the JD MALL smart retail scene. JD opened its retail scene to Qianxun Intelligence for real machine verification, which means that Qianxun Intelligence has obtained one of China's largest retail platforms as a testing ground and data source for technology implementation.
Geng Yixuan, a partner at Shunwei Capital, once commented that the Qianxun team chose a "difficult but correct" path from the beginning - using the "data pyramid" concept to build barriers and low-cost data collection to break through industry data bottlenecks. It is precisely this pragmatic innovation path that enabled Qianxun to take the lead in running the positive cycle of the "scene feedback model".
China's embodied intelligence has a threshold of billions
Watershed
At this moment, China's embodied intelligence is ushering in a golden age.
Since the beginning of this year, we have witnessed a embodied financing storm. In the first quarter, more than 40 financing events have been disclosed in this track, and the number of companies with a valuation of billions of yuan has expanded to more than 10. The scale of single financing exceeding 1 billion yuan is frequent. It seems like overnight, everyone is racing to break through the billion dollar valuation.
The head effect intensifies, and Qianxun Intelligence successfully breaks through. As you can see, funds are voting with their feet -
On the technical level, Qianxun is the first domestic enterprise to surpass the top models in the United States in public evaluations, with deep technical barriers; At the commercial level, it has entered the real business scenarios of top customers such as CATL and JD.com, achieving zero failure mass production of nearly a thousand batteries on CATL's production line and stable operation on JD MALL's real machine; At the capital level, it has full scenario industry shareholders covering industry, retail, and consumer electronics. The three dimensions together form the value foundation of Qianxun Intelligent's billion dollar valuation.
This is not only the rise of a company, but also a watershed in the race track.
A common judgment is that China's embodied intelligence "ChatGPT moment" still needs five years or even longer. That is why all parties are stockpiling ammunition for the long exploration period of the next few years. A real life and death battle of gold and silver is unfolding.
Historical experience has repeatedly shown that no matter how luxurious the financing is, no matter how many technical breakthroughs are made in the laboratory, if it cannot pass the verification of real orders, it is only a conceptual foam after all. The ultimate battlefield of embodied intelligence is no longer in the exhibition hall, but on the production line; Not in demonstration, but in mass production; It is the last mile from the digital world to the physical world.
In addition, the essence of the competition in the second half of the industry is actually the competition between basic models and model evolution capabilities. Only through the continuous evolution of embodied models can the ability to perform tasks be improved in complex real-world environments, and universal robots truly enter various industries and households. Only in this way can we truly cross the cycle.
