SIASUN(SZ:300024) 3 6 Ke·2025-09-23 06:44Core Insights - Noitom, a leading provider of motion capture equipment, is experiencing unexpected opportunities in the era of embodied intelligent robots due to a significant data shortage in the robotics industry [1][4] - The company has captured 70% of the professional motion capture market since its establishment in 2012, providing equipment for major Hollywood productions [1][4] - Noitom Robotics, a new subsidiary focused on robot data, has been formed and is already seeing substantial demand from various robotics manufacturers [7][8] Company Overview - Noitom was founded in 2012 and has become the largest motion capture equipment provider globally, with a market share of 70% [1] - The company has worked on major films such as "Game of Thrones," "Wolverine," and "Star Wars" [1] - The new subsidiary, Noitom Robotics, is led by a team with significant industry experience, including former leaders from Tencent and ByteDance [5][7] Market Opportunity - The demand for motion capture equipment has surged as robotics companies seek to collect high-quality data for training their robots [1][8] - Noitom Robotics has secured several million in angel funding and is currently in the process of a Pre-A round of financing [7] - The company has already signed contracts worth tens of millions in the first eight months of 2025, a fivefold increase compared to the previous year [8] Business Model - Noitom Robotics operates under two main projects: Project T (Tele-operation) and Project D (Data Factory) [8][11] - Project T focuses on selling hardware and providing services for remote operation data collection, while Project D aims to create a data collection factory to sell data and licenses [11][20] - The company anticipates that Project T could generate annual revenues in the hundreds of millions, while Project D could reach billions [11] Data Collection Strategy - The company is addressing the challenge of data scarcity in the robotics field by categorizing required data into a pyramid structure, emphasizing the importance of high-quality human data [18][20] - Noitom Robotics plans to create a large dataset of human actions, which will be used to train robots effectively [21][22] - The company recognizes the need for diverse data sources, including internet-sourced synthetic data, to enhance the data pool for robotics [22] Industry Trends - The robotics industry is currently facing a data bottleneck, with significant investment flowing into solving data-related challenges [22] - In the first eight months of 2025, the robotics sector saw financing reach 38.6 billion yuan, double that of the entire previous year [22] - The ongoing debate within the industry regarding the best data collection methods highlights the urgency for effective solutions [14][19]