Core Insights - HeShan Technology, a developer of artificial intelligence tactile perception technology, recently completed two rounds of financing totaling several hundred million yuan in the third quarter, with investments from 13 leading firms, indicating strong recognition of the tactile perception industry's value [2][14] - The company has established a comprehensive product matrix consisting of "tactile sensors - scene solutions - training platforms," providing a clear path for the commercialization of embodied intelligence [2] - HeShan Technology's core product, the TS-F fingertip tactile sensor, integrates multiple functions and achieves high precision, addressing key industry pain points and maintaining a leading position in the humanoid robot tactile perception field [4] Financing and Investment - The recent financing will be used to enhance sensor technology, focus on service robots for precise interactions, and deepen ecological cooperation in training platforms [14] - The involvement of major investors reflects a strategic investment approach, emphasizing the importance of tactile perception technology in various applications [2][14] Product Development - The TS-F fingertip tactile sensor features ultra-high force resolution of 0.01N, enabling precise force distribution output and material recognition, which is crucial for delicate robotic interactions [4] - HeShan Technology has developed ecological product solutions for humanoid and service robots, addressing traditional robots' challenges in grasping and holding objects securely [5] Training Platform Innovation - The company has built a training platform that allows for the unlimited generation of tactile data through simulation, significantly improving training efficiency [6][10] - The platform addresses the high costs and inefficiencies associated with tactile data collection, creating a closed-loop system for simulation training, data collection, and model optimization [10] Strategic Ecosystem Development - HeShan Technology is focused on breaking industry bottlenecks by creating a collaborative ecosystem that addresses data format inconsistencies and promotes cross-platform training [11] - The TS-V vision-tactile fusion training platform is central to this strategy, enabling robots to perform "unpretrained grasping" and significantly shortening algorithm development cycles [11] Future Outlook - The company aims to leverage technological innovation to overcome barriers and expand its applications in various scenarios, contributing to the advancement of the embodied intelligence industry [14]

Core Insights - HeShan Technology has successfully completed A3 and A4 financing rounds, raising several hundred million yuan in total [1] - The funds will primarily be used for the iteration of next-generation tactile chips, underlying architecture for edge models, construction of tactile data platforms, and expansion of scenario closed-loop capabilities [1] Financing Information - Total financing amount for A3 and A4 rounds is several hundred million yuan, with investors including CITIC Jinshi Investment, CITIC Securities Investment, and others [1] - The company aims to utilize the funds for technological advancements and infrastructure development in tactile sensing [1] Company Overview - Founded in 2017 and headquartered in Beijing, HeShan Technology specializes in AI tactile perception technology and comprehensive application solutions [1] - The product matrix includes core sensors, algorithm platforms, and simulation systems, covering a complete chain from TS-F fingertip tactile sensors to TS-R tactile perception service robots [1] Technological Advantages - HeShan Technology has developed the world's first mixed-signal AI tactile chip and the first distributed brain-like industrial application chip based on SNN (Spiking Neural Networks) [2] - The sensors feature a high precision force resolution of 0.01 N and can perform non-contact material recognition within a range of 0-10 cm [3] Market Potential - The global tactile sensor market is projected to grow from $15.33 billion in 2024 to $35.59 billion by 2031, with a CAGR of 12.8% [6] - The growth is driven by the rapid rise of humanoid robotics, which positions tactile sensors as a key technology for achieving task closure and scenario generalization [6] Company Performance - HeShan Technology has entered a phase of scaled revenue, with total revenue expected to exceed 100 million yuan in 2024 [7] - The business structure is shifting from automotive dominance to robotics, with tactile sensor business projected to contribute nearly half of the revenue by 2025 [7] Team Background - The core team comprises top researchers from Tsinghua University and the University of Manchester, with a joint AI tactile perception laboratory established in 2019 [8] - The founder, Sun Tengchen, is an inventor of planar and curved capacitive technology, while the chief scientist is a co-inventor of the ARM architecture [8] Strategic Insights - Tactile perception is seen as essential for robots to execute tasks effectively in the physical world, addressing issues of task execution closure and scenario adaptability [9] - HeShan Technology aims to maintain over 80% market share in humanoid robotics while exploring high-value scenarios for tactile sensor applications [12] Investor Perspectives - Investors recognize tactile perception as a critical factor for enhancing the versatility and adaptability of robots, with HeShan Technology being a leading player in the commercialization of tactile sensors [13][14][15] - The company is positioned as a comprehensive supplier of tactile solutions, with a focus on distributed collaborative perception and significant competitive barriers [14]