LimX Dynamics (逐际动力), a general-purpose legged robot company, today announced the completion of its angel and pre-Series A funding rounds, with a total amount of nearly 200 million yuan (US$27.34 million).
The angel round roped in several top venture capital firms, including FreeS Fund, Stalagnate Capital, Future Capital, and Kinzon Capital.
Vitalbridge led the pre-Series A round, with participation by Lenovo Capital and Incubator Group.
Dr. Wei Zhang, founder and CEO of LimX Dynamics, credited his team as one of the few globally that are wholeheartedly dedicated to the R&D of legged robot motion intelligence.
“Our team boasts world-class research, a knack for technological breakthroughs, and an elite pool of talent…” he said. “During this daunting yet inspiring journey to explore general-purpose robotics, we’ve partnered with investors who share our vision and can support us to stay dedicated and competitive.”
Chinese media broke in early September that the Shenzhen-headquartered startup experienced a change to its shareholder structure, suggesting the company had completed a fundraiser.
LimX Dynamics, however, did not comment or respond to the rumors then.
This time around, it said in a press release that the star-studded investor lineup can “empower LimX Dynamics’ innovation in robotics & AI and their application.”
“Their solid financial and industrial support will be dedicated to LimX Dynamics’ wheeled quadruped’s product development, R&D of humanoid robots, and tackling core technological advancements in embodied AI,” the company said.
cnrobopedia reported earlier that Limx Dynamics launched its first wheeled quadruped W1 in late September, marking a significant step for the young startup — founded only in last year — to turn a prototype into a product.
As LimX Dynamics presses ahead with partners to deploy W1, the company is poised to focus on “continuous hardware and software iterations,” and “advancements in real-time terrain perception, integration of perception with motion control.”
In addition, it will continue to work on high-performing actuators, another crucial proprietary technology, to break the commercialization bottlenecks for quadrupeds.
By capitalizing on what it calls “software-defined hardware” and motion intelligence for legged robots, LimX Dynamics looks to lead the way in rolling out powerful and reliable motion control solutions for general-purpose AI robots.