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LimX raises $200 million at $2.21 billion valuation ahead of IPO

LimX raises $200 million at $2.21 billion valuation ahead of IPO

The Shenzhen humanoid robot startup completed a new pre-IPO round at a 15 billion yuan valuation, bringing fundraising over the past six months to $400 million and earmarking capital for Luna, R&D and overseas growth.

TRX

Fact Check
The CNBC article confirms LimX Dynamics raised $200 million in a pre-IPO round at a $2.21 billion valuation ahead of a Hong Kong listing. The 36Kr report independently confirms the same $200M raise, the 15 billion RMB (≈$2.21B) post-money valuation, the $400 million raised over the past six months, and the use of funds for Luna deployment, R&D (brain-cerebellum fusion) and overseas growth. Dealroom corroborates the headline figures. All specific numeric claims match across independent sources.
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Summary

LimX Dynamics completed a nearly $200 million pre-IPO financing round at a post-money valuation of 15 billion yuan ($2.21 billion), extending a fundraising push that has brought in $400 million over the past six months as the Shenzhen humanoid robot company advances toward an IPO. The round included IDG Capital, Lens Technology, GGG Group, Redstone VC, Huashan Capital and Hefei Binhu, with the company saying overseas capital accounted for nearly 70%. The latest raise follows a separate $200 million Series B financing in February 2026. Founded in January 2022 by Wei Zhang and Li Zhang, a former COO at autonomous driving firm WeRide, LimX builds humanoid robots including its Luna and Oli models and a TRON series. It also launched its COSA agentic operating system in 2026 to coordinate motion-control technologies across its humanoid platforms, and develops embodied manipulation algorithms. LimX said the fresh capital will be used for core research and development, commercialization of LimX Luna and overseas expansion as it continues its push toward a public listing. Co-founder Wei Zhang previously said, “Listing is a must.”

Terms & Concepts
  • pre-IPO: A financing round completed before a company files for or completes a public stock listing.
  • post-money valuation: A company's estimated value immediately after new investment capital has been added.
  • humanoid robots: Robots designed with a human-like form and movement for real-world tasks.