深度｜朱啸虎已退出两个明星人形机器人，经纬张颖坚信人形机器人赛道

Core Insights - The core viewpoint of the article is that the investment landscape in humanoid robotics is experiencing a significant shift, with prominent investors like Zhu Xiaohu from金沙江创投 indicating a trend of exiting investments in this sector due to unclear commercialization prospects [1][3]. Investment Strategy and Market Perspective - Zhu Xiaohu, a notable figure in the investment community, emphasizes that金沙江创投 is currently exiting humanoid robotics companies, highlighting a consensus among investors but a lack of clarity regarding commercial viability [1]. - Zhang Ying from经纬创投 responds to this sentiment by acknowledging the robust development in the robotics field, suggesting that while there may be some market bubbles, the overall sector remains promising [1]. Recent Exits - 金沙江创投 has recently exited from two companies: 星海图 on September 29, 2024, and 松延动力 on January 17, 2025, both of which were early-stage investments [3]. Company Profiles - 星海图 is founded by a team with backgrounds in AI, autonomous driving, and robotics, featuring members from top institutions like Tsinghua University and MIT, and is recognized for its advanced AI algorithm development capabilities [5]. - 松延动力, established in September 2023 in Beijing, focuses on humanoid robot research and manufacturing, with core team members from prestigious universities such as Tsinghua University and the Chinese Academy of Sciences [7].