KuaWei Intelligence officially announces the completion of the 2nd round of financing of 1 billion RMB.

Recently, the interdisciplinary artificial intelligence company, Physics AI, and Embodied Intelligence officially announced the completion of their Series B financing, with a financing amount of 1 billion RMB. The post-investment valuation exceeds 10 billion RMB, and they are preparing for an IPO. In this round of financing, investors include Shenzhen Capital Group, Guiyang Digital Economy Fund, Qianhai Mother Fund, BlueThinking Technology, ICBC Capital, Hengjian Asset Management, Zhu Rui Capital, among others. Existing shareholders such as Nanshan Zhixin Capital, Chengdu Technology Innovation Fund, and Sichuan Academician Fund continue to increase their investments. This round of financing will focus on the iteration of the underlying world model algorithm, upgrading of the physics engine, construction of data infrastructure, improvement of humanoid robot capabilities, and the implementation of real-world scenarios, in order to accelerate the evolution of technology, products, and business.