The facts
X Square Robot at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- Robot brainsThe AI software that lets robots see, plan and move.
- Based in
- Shenzhen, China
- Founded
- 2023X Square Robot press release (PR Newswire via AAP), Jun 29, 2026
- Last closed-round valuation
- $2.8B+over US$2.8 billion (RMB 20 billion) (X Square Robot press release (PR Newswire via AAP), Jun 29, 2026)
- What it has shipped
- Has a product
Founders
- Wang Qian: founder and CEO (background not given in fetched sources) (X Square Robot press release (PR Newswire via AAP), Jun 29, 2026)
Two unnamed sources told the South China Morning Post that X Square filed confidentially for a Hong Kong IPO, with Huatai Securities and Morgan Stanley as sponsors. Aug 5, 2026
South China Morning Post, Aug 5, 2026
What it has built
Shipped, or not yet.
“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
2 rounds
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| Jan 13, 2026 | not named (A++ in some reports) | 1 billion yuan ($143 million) | Not stated | ByteDance (lead), HongShan Capital Group (lead), Shenzhen Capital Group | Caixin Global |
| Jun 29, 2026 | Series C (end of four consecutive rounds) | not stated | over US$2.8 billion (RMB 20 billion) | IDG, HongShan, Xiaomi, Meituan, Alibaba, ByteDance | X Square Robot press release (PR Newswire via AAP) |
Our note
Worth knowing.
Our note: The valuation is company-reported. X Square builds humanoid robots as well as models (overlaps roboticsverdict.com). Caixin calls it Shenzhen-based; its AI digest says Beijing; we use Shenzhen, which the press release dateline also uses.
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