Participated · Series C · May 2018

UBTECH, founded in 2012 and based in Shenzhen, develops low-cost humanoid robots across education, customer service, healthcare, logistics, and manufacturing. Its Walker S series is used in numerous factory training programs, and partners include BYD, Geely, FAW-Volkswagen Qingdao, Audi FAW, BAIC New Energy, SF Express, and Foxconn. In July the company won a $12.6 million contract from Miyi Automotive Technology. For the first half of 2025 UBTECH reported revenue of 621 million yuan (up 27.5%) and narrowed losses to 414 million yuan from 516 million a year earlier. The company faces competition from Unitree Robotics and Boston Dynamics. UBTECH plans to expand production and commercialization through a Middle East joint venture that will include a superfactory, an R&D center, and regional headquarters. 深圳市优必选科技股份有限公司 is described as a global high‑tech innovation company integrating R&D, manufacturing, and sales of artificial‑intelligence and humanoid robots. Its core ecosystem centers on AI robots and the company builds four main pillars: hardware, software, content, and services. In 2018 the company's market sales exceeded RMB 36 billion, making it China’s largest humanoid‑robot manufacturer. Since 2013 it has raised multiple rounds, beginning with an angel round from Zhengxuan Investment and Lihe Huarui and later rounds involving investors such as Tencent Capital and CDH Venture Capital. In 2019 it secured a C+ round from the Chongqing Liangjiang Strategic Fund that valued the company at US$10 billion. The company ranked No.14 on China’s 2019 unicorn list and was described as the world’s highest‑valued AI innovation enterprise. UBTECH Robotics designs and sells consumer and service humanoid robots across products like the Alpha series, JIMU Robot, the Cruzr service robot, and licensed Star Wars robots. The company says its products are sold in more than 40 countries and regions at over 7,000 retail outlets, including nearly 500 Apple stores worldwide. UBTECH plans to use new capital to increase R&D in large-size humanoid robots, servos, gait planning and motion control algorithms, computer vision, and related AI capabilities. Management also intends to accelerate global market and brand expansion and to recruit talent worldwide, citing several recent senior hires and technical chiefs. Tencent will collaborate on future product development and has already integrated Tencent Cloud Xiaowei and the Dingdang assistant into recent robot products. Financially, UBTECH completed a major Series C round valuing the company at $5 billion and claims the round is the largest funding ever for an artificial intelligence company.