机器人巨头，大动作！

Core Viewpoint - Hangzhou Yunshen Technology Co., Ltd. has completed a C round financing of over 500 million RMB, led by China Merchants International and Huaxia Fund, with participation from strategic investors including China Telecom and China Unicom [1][5]. Financing and Growth - The company has accelerated its financing speed since 2024, completing multiple rounds of financing, with the most recent rounds occurring within five months of each other [3][6]. - The latest financing will support technology research and development, capacity expansion, and market development [5]. Company Development - Yunshen Technology is recognized as one of the "Six Little Dragons" of Hangzhou and has recently completed a share reform, transitioning from a limited liability company to a non-listed joint-stock company [3][6][8]. - The company aims to enhance its research and development in quadruped and humanoid robots, and to build a new ecosystem that integrates technology, industry, and application scenarios [5][9]. Product Innovation - In 2025, the company launched the quadruped robot "M20" and the industry-grade humanoid robot "DR02," which is the world's first all-weather humanoid robot capable of operating in extreme temperatures [9]. - The company is focused on a dual-driven strategy of "independent innovation + industrial collaboration," emphasizing core technology breakthroughs and production base construction [9].