Core Insights - X Square Robot, a Shenzhen-based humanoid startup, has secured approximately $100 million in funding led by Alibaba Group, bringing its total funding to around $280 million since its launch in December 2023 [1][2] Funding and Investment - The latest funding round included participation from HongShan, Meituan, Legend Star, Legend Capital, and INCE Capital [2] - The company has completed eight funding rounds in less than two years, reflecting a trend of significant venture capital investment in humanoid robotics [3] Revenue Generation - X Square Robot is already generating revenue from sales to educational institutions, hospitality venues, and senior care facilities [2] Technological Development - The company announced WALL-OSS, an end-to-end embodied foundation model focusing on vision-language-action alignment for manipulation tasks [5] - The Quanta X2 robot was unveiled, featuring 360-degree cleaning capabilities and advanced hands for perceiving subtle pressure changes, marking a significant step toward human-like functionality in commercial robotics [6] Market Position and Pricing - The humanoid robots from X Square carry a price tag of $80,000, while competitor Unitree offers a model for $16,000, though the capabilities of the latter remain unclear [7] - X Square Robot does not yet have a product ready for mass market delivery, with pricing determined by individual use cases [7]
Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids