LimX Dynamics (逐际动力), a general robot startup, has received an undisclosed amount of financing from Lenovo Capital and Vitalbridge Holding II Limited, Chinese media reported Friday.
Data from Tianyancha, a business data search service provider, shows that the registered capital of the Shenzhen-based company, founded in 2022, had increased from 1.45 million yuan (US$197,300) to 1.57 million yuan.
This signals a change to the shareholder structure, which used to comprise Frees Fund, Stalagate Capital, FuturesCap and Kinzon Capital.
LimX Dynamics has yet to disclose the exact sums involved in the fundraiser and which round it is.
Started by Dr. Zhang Wei and Dr. Chen Hua, among others, LimX Dynamics seeks to explore the frontier of general-purpose robotics, building robot dogs and humanoids.
Screenshot from online video
According to a video clip on short-form video website Bilibili, LimX Dynamics’s first-generation quadruped X1 was put to test at the 60-year-old Liuzhou Steel Plant in southwestern China’s Guangxi Zhuang Autonomous Region in October 2022, shortly after the firm was founded.
During its inspection of a hot blast stove, the legged robot completed a series of tasks from ascending and descending stairs with an angle of 38 degrees, to passing through uneven surfaces, and to rotating itself within narrow spaces.
The robot is seen navigating complex environments with impressive mobility and agility in the video, thanks to a mix of athletic intelligence and smart vision algorithms, the company said.
LimX Dynamics is among a growing number of startups in China that have released quadrupeds for STEM-related and industry-specific applications.
Going forward, the company is poised to take on rivals including not just global titans like Boston Dynamics, but also local up-and-comers like Deep Robotics (云深处科技), Unitree (宇树科技), Dreametech (追觅科技) and Xiaomi Group (小米集团).