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X Square Robot completes four financing rounds, valuation exceeds 20 billion yuan

Shenzhen embodied intelligence company X Square Robot has completed four consecutive financing rounds from Series B through Series C, all fully closed, with a valuation exceeding 20 billion yuan, making it the first embodied intelligence company in the Guangdong-Hong Kong-Macao Greater Bay Area to surpass a 20 billion yuan valuation with the rounds closed. There are more than 30 investors, including the National Artificial Intelligence Industry Investment Fund, Sequoia China, and Xiaomi Strategic Investment. The company released its embodied large model WALL-B in April 2026, partnered with 58 Daojia to provide robot home housekeeping services to nearly 1,000 households in Shenzhen, and partnered with SF Express on flexible intelligent sorting and parcel feeding.

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