The embodied AI company plans to complete a second financing round by the end of this year, a pace that could outstrip typical fundraising timelines for startups in the sector.
Lingbo Technology, an embodied AI company under Ant Group, has launched its first fundraising round with a target of 1.5 billion yuan and aims to complete a second round by the end of this year. If completed on schedule, the financing would mark an unusually fast capital-raising pace for a startup in the embodied intelligence field. Over the past year, the company has publicly shown a relatively complete technology roadmap spanning Vision, Depth, Mapping, Video, WorldModel, VA and VLA, covering most of the core chain behind robot perception, understanding and action, according to LatePost.