Founded in December 2023 by Wang Qian, X Square focuses on full-stack self-research of software and hardware for embodied intelligence, designing robot bodies and core components in-house. The company has released two high-performance robot bodies named "Quantum No. 1" and "Quantum No. 2" and developed robotic arms, joint modules, power drives and main controllers with algorithm adaptation to reduce overall robot cost. X Square says this vertical integration is intended to enable large-scale mass production and commercial implementation. Since early 2026 it has begun deployments and partnerships across industrial manufacturing, logistics and elderly care, and established a joint venture with Jack Technology and partnerships with 58 Daojia and Shenqi Group. Financially, X Square has raised over ¥3 billion across three rounds in about three months, with Meituan as the largest external shareholder holding roughly 11.09% and founder Wang Qian ultimately holding about 28.69% of shares. The company emphasizes building data-closed-loop foundation models, model iteration and data pipelines to advance embodied intelligence capabilities.

Total raised

$576M

Funding rounds

6

Latest round

Series B

Latest activity

Apr 2026