Chuguang Yueqian Completes Hundreds of Millions of Yuan Seed Round with Xiaomi and Baidu Participation; Zhang Ying, Former Horizon HSD Lead, Founds Robotics Startup

Chuguang Yueqian announced the completion of a seed round worth hundreds of millions of yuan, with participation from Chentao Capital, Xiaomi Strategic Investment, BV Baidu Ventures, and Xinhe Capital. The company was founded less than 5 months ago by Zhang Ying, former core technical lead of Horizon's HSD. Zhang Ying says the end-to-end methodology validated in autonomous driving can generalize to robotic manipulation scenarios. The company's core product, Simate-beta, topped the RoboDojo evaluation leaderboard on September 23 with an average Score of 33.95 and a success rate of 27.96%, and completed a multi-step tea-brewing task on a real robot.