Embodied AI capital shifts to space and underwater; Xianyin Future raises three rounds in four months, totaling hundreds of millions of yuan

Chaoyong AI analysis finds embodied AI capital is shifting from humanoid robots to underwater, space, aerial, and other scenarios that are hard for humans to reach. Since May 2026, Anhui Xianyin Future has completed three consecutive funding rounds in four months—angel, Pre-A, and A—totaling hundreds of millions of yuan, for rope-driven flexible space robots. Underwater, Shihang Intelligence received over 1 billion yuan in orders in the first half of 2026 and completed an A round of over 1 billion yuan, while Shandong Future, Qianxing Innovation, and others are also raising funds and expanding. The article argues that specialized embodied companies will generate real revenue before general-purpose humanoid robots.