Core Insights - Hangzhou Yunshen Technology Co., Ltd. has completed a new financing round of nearly 500 million RMB, focusing on expanding its quadruped robot production line, developing humanoid robot technology, and attracting high-end talent [3][5] - The company has achieved significant market presence, with over 600 industry projects implemented and a market share exceeding 11% in the domestic power inspection sector [5][10] - Yunshen Technology's financing history shows a rapid acceleration, moving from angel investment in 2018 to a recent C round in July 2025, indicating strong investor confidence [5][6] Financing Details - The recent C round financing was led by prominent investors including Dacheng Capital and Guoxin Fund, with participation from various other funds [7] - The company has undergone multiple financing rounds, including a B+ round in August 2024, demonstrating a consistent growth trajectory [6][7] Market Position - In the quadruped robot market, Yunshen Technology holds a market share of approximately 11.11%, ranking third behind Yushun Technology and Boston Dynamics [8] - The company has established stable partnerships with major clients such as State Grid and Southern Power Grid, showcasing its strong B2B focus [10] Business Model - Yunshen Technology operates on a B2B model, which involves long project cycles and customized delivery, contrasting with the faster-paced B2C market [12][20] - The company’s products are designed for high-risk scenarios, including power inspection and emergency rescue, indicating a specialized market approach [10][12] Future Outlook - The humanoid robot market is projected to be a significant growth area, with Yunshen Technology planning to launch humanoid robots in the second half of 2025 [20][21] - The company is positioned to benefit from the growing quadruped robot market, which is expected to reach approximately 180 million USD by 2024 [20]

Industry Overview - The A-share SW robotics sector experienced a decline of 9% from April to June 2025, underperforming the SW machinery equipment sector by 12.5 percentage points [1] - Huawei's developer conference introduced a robotics foundational model, indicating a new paradigm for domestic robotics embodied intelligence [1] Comments - Huawei's CloudRobo platform offers cloud-based intelligence for robots, featuring three core modules: embodied multimodal generative models, embodied planning models, and embodied execution models, enabling end-to-end capability integration [1] - The platform has signed R2C agreements with robots, attracting industrial, medical, and collaborative robots, while Huawei Cloud focuses on providing cloud computing support, alleviating partnership concerns [1] - In the Hong Kong stock market, robotics companies showed a valuation premium over A-shares in Q2 2025 due to new IPOs in humanoid, collaborative, and AMR sectors, and improved liquidity from inclusion in Hong Kong Stock Connect and indices [1] - The Hong Kong robotics sector is expected to continue expanding in the second half of 2025, with attention on A+H dynamics [1] Company Developments - Zhiyuan Robotics announced the acquisition of at least 63.62% of Upwind New Materials, aiming for a target of 1,000 robot shipments in 2025 [2] - Shou Cheng Holdings' subsidiary increased investment in Yushu Technology, a leading global quadruped robot company, projected to capture 70% of the global market share by 2024 [2] - Tesla's Optimus mass production plan may be delayed due to hardware challenges such as motor overheating and short battery life, with a postponed target for 2025 [2] Valuation and Recommendations - The company maintains its target prices, profit forecasts, and ratings, with a focus on domestic chain opportunities, particularly recommending Daotong Technology and Yihua Da for their quality and sufficient stock price adjustments [3] - In the Hong Kong robotics sector, attention is advised on the logistics automation segment represented by AMR [3]

2025年7月仅过去10天，具身智能机器人领域就已发生至少10起融资事件。其中就包括星动纪元、云深 处科技前后脚宣布完成近5亿元人民币融资；它石智航天使+轮融资1.22亿美元；小雨智造融资约1亿元 人民币；星海图连续完成两轮融资，获得资金超1亿美元。截至7月10日，据IT桔子数据，2025年以来具 身智能赛道已发生123起融资事件，涉及资金规模约173亿元人民币，融资事件及规模比2024年全年数据 还高，而且创下了近十年来的历史最高纪录。 《中国经营报》记者注意到，一般情况下，硬科技创新企业的发展路径，基本是先构建技术闭环，再搭 建商业闭环，通过规模化实现技术和商业的飞轮运转，融资通道则从一级私募市场到二级公募面向更大 的资本市场，无论是美股、港股还是A股科创板等，市场给予企业时间，以待其营收增长、扭亏为盈、 验证业绩。 此外，星动纪元、云深处科技分别于7月7日、9日宣布完成新一轮近5亿元的融资。关于融资用途，星动 纪元方面表示，将用于人形机器人软硬技术的研发与量产落地，推动"模型—本体—场景数据"闭环飞轮 高速运转。云深处创始人、CEO朱秋国则表示，将重点投入到四足机器人产线扩建、人形机器人技术研 发及高端 ...

A 股收盘站上 3500 点整数关，市场风险偏好继续回升。周四 A 股继续震荡攀升，收盘站上 3500 点整数关，上证指数已经正式突破 2024 年 11 月 8 日的高点。并且本周的上涨是在美国宣布对 14 个国 家调整关税率后做出的反映，显示市场对关税事件的影响已经形成脱敏，对关税所带来的影响也已经有 充分预期。近期市场对于贸易冲突的担忧情绪进一步缓解，7 月政策窗口期愈来愈近，预计市场将在震 荡中继续维持缓慢盘升的格局。 风险提示：全球地缘格局出现超预期局面，关税预期的反复摇摆，关税冲击的后续影响，美联储降 息延后，海外经济衰退超预期，国内经济复苏不及预期，政策执行不及预期等。 后市展望：将有可能突破 2024 年 10 月以来的震荡区间。当前 A 股持续上行的两大支撑因素是 1） 低利率环境依然维持，且美联储表态降息有提前的可能性；2）进入 6 月下旬以来市场风险偏好回升， 诸如非银金融、传媒、军工等高风险特征板块开始上涨正是风险偏好回升的表现。6 月下旬以来，市场 开始展望增量政策，若增量政策及时有效推出落地，则 A 股将有可能迎来突破 2024 年 10 月以来横盘 震荡格局的时间窗口。 热点板块 ...

蓝图创投 「象辑科技」完成D轮融资 英诺天使基金&元禾原点 「云深处科技」完成近5亿元新融资 云深处科技 近日，杭州云深处科技有限公司（简称：云深处科技）宣布完成近5亿元人民币新一轮融资。本轮融资 由达晨财智、国新基金等联合领投，北京机器人产业发展投资基金、前海母基金、央视融媒体基金、富 浙基金、华映资本、物产中大投资等机构跟投，老股东继续加持。该轮融资将为云深处科技在技术与产 品研发、场景应用与拓展、人才引进与团队建设等方面提供更大动能，进一步巩固其在四足机器人领域 的领先身位，并加快其人形机器人、轮足机器人等新产品的商业化落地。 象辑科技 近日，象辑科技成功完成D轮融资，本轮融资由蓝图创投投资。此次融资不仅彰显了资本市场对象辑科 技核心竞争力的高度认可，更为其在新能源与农业领域的战略深耕注入强劲动能，标志着企业迈向高质 量发展的全新阶段。 自2014年成立以来，象辑科技始终专注于气象数据的深度挖掘与精准预报技术的研发应用，致力于打破 气象信息与行业决策之间的壁垒，将复杂的气象数据转化为驱动各行业发展的关键力量。 自成立以来，云深处科技始终锚定人形机器人、四足机器人及其核心零部件的自主研发、精益生产、全 球 ...

发布之初， 黑豹在跑步机上用 10 秒的时间就达到了每秒 10 米以上的速度 ，接近尤塞恩 · 博尔特在 2009 年创造的 100 米世界纪录 9.58 秒的速度，相当于每秒 10.44 米 ， 成为 世界上跑得最快的 " 四足机器人 "。 7 月 7 日消息，在浙江大学杭州国际科创中心（简称科创中心）首期开园五周年之际，科创中心人形机器人 创新研究院金永斌研究员带着黑豹 2.2 四足机器人于 7 月 6 日赴央视 " 首秀 " ，参加《智绘光谷・ CMG 世界机器人技能大赛》首场机器狗任务表演赛。 本次大赛进行了 全球首次 " 人机百米对决 "， 起初， " 人类选手 " 凭借爆发力 前 30 米 短暂领先，但 黑 豹 2.2 很快以稳定的高速步频实现反超，最终以压倒性优势胜出 ， 测试 验证了机器人在动态平衡控制与运 动协调方面的技术成熟度。 最近的升级提高了它的力量和速度，使它能够超越大多数人类，尽管它仍然比猎豹和鸵鸟等快速动物慢 ，但 这意味着四足狗的在仿生学上仍有非常大的进化空间。 金永斌介绍道，黑豹 2.2 这款机器人是 " 黑豹 " 家族的最新升级版， 并现场演示了黑豹从 6 米 / 秒到 1 ...

Group 1 - The embodied intelligence sector is experiencing unprecedented investment enthusiasm, with financing in China exceeding 23 billion yuan in the first five months of 2025, surpassing the total for the entire year of 2024, indicating strong confidence in the trillion-level market prospects and accelerated technological breakthroughs and commercialization processes [1] - Hangzhou is a significant hub for the embodied intelligence industry, with its "Six Little Dragons" companies frequently announcing financing news, becoming a barometer for industry development [1] Group 2 - Yunshen Technology recently completed nearly 500 million yuan in a new round of financing, focusing on expanding production lines for quadruped robots, developing humanoid robot technology, and attracting high-end talent [3] - Yushu Technology has also been active in financing, completing a C round with approximately 700 million yuan, achieving a post-financing valuation of 12 billion yuan, with participation from major institutions like China Mobile, Tencent, Alibaba, Ant Group, and Geely Capital [3] - Xinghai Tu Robotics has completed A4 and A5 rounds of strategic financing, raising over 100 million USD in total, indicating strong confidence from investment institutions in the development prospects of embodied intelligence companies [3] Group 3 - Investment institutions are increasingly mature in their layout strategies, with Dacheng Caizhi leading investments in several embodied intelligence companies, highlighting the enormous potential market space of hundreds of trillions of yuan [4] - The Beijing Robot Fund, initiated by Shoucheng Holdings and Beijing Guoguan, has invested in several leading embodied intelligence companies, emphasizing the importance of embodied intelligence robots as "smart infrastructure of the new era" [4] - Investment institutions are adopting a layered investment logic when evaluating embodied intelligence companies, focusing on the ability of mature companies to quickly translate validated technological capabilities into market advantages, while companies focused on embodied intelligence brain models require longer cultivation periods due to the high difficulty of model development [4]

近日，"杭州六小龙"之一杭州云深处科技有限公司(以下简称"云深处科技")宣布完成近5亿元人民币新一轮融资。 据了解，本轮融资由达晨财智、国新基金等联合领投，北京机器人产业发展投资基金、前海母基金、央视融媒体基金、富浙基金、华映资本、物产中大 （600704）投资等机构跟投，老股东继续加持。 云深处科技指出，该轮融资将为云深处科技在技术与产品研发、场景应用与拓展、人才引进与团队建设等方面提供更大动能，进一步巩固其在四足机器人 领域的领先身位，并加快其人形机器人、轮足机器人等新产品的商业化落地。 云深处科技已完成多轮融资 对于本轮融资，云深处科技创始人兼CEO朱秋国表示，将重点投向四足机器人产线扩建、人形机器人技术研发及高端人才引进。 朱秋国指出："当前全球具身智能产业迎来爆发式增长机遇。本轮融资的顺利交割，充分体现了资本市场对云深处技术路线和商业化前景的认可，也标志 着公司发展进入规模化量产新阶段。" 此次融资也意味着资本对具身智能领域投来更为紧密的关注。领投方达晨财智项目负责人王宇浩表示，作为全球商用具身智能机器人的先行者与领导者， 云深处科技从四足机器狗领域起步，并陆续拓展至轮式机器狗及人形机器人。未来或将 ...

机器人领域过热，但是资本依然前赴后继 文｜《财经》记者 杨立赟 刘以秦 编辑 | 杨立赟 杭州和北京的两家机器人公司在同一天完成新一轮融资，具身智能赛道再添一把柴。尽管近几个月不断出现机器人投资是否过热的讨论，资方依然前赴后 继。 7月7日，杭州"六小龙"之一的云深处科技有限公司（下称"云深处"）宣布完成近5亿元人民币新一轮融资。本轮融资由达晨财智、国新基金等联合领投， 北京机器人产业发展投资基金、前海母基金、央视融媒体基金、富浙基金、华映资本、物产中大投资等机构跟投，老股东继续加持。 云深处成立于2017年，是四足机器人领域的头部企业，被评为国家级专精特新"小巨人"企业、杭州准独角兽企业。它的"X系列"四足机器人，俗称"机器 狗"，在巡检和应急两个领域的市占率分别达到85%和90%以上。 这是云深处的C轮融资。根据公开信息，自2018年起，该公司累计融资八次。云深处创始人兼首席执行官朱秋国表示，这一轮融资将重点投向四足机器人 产线扩建、人形机器人技术研发及高端人才引进；本轮融资标志着公司发展进入规模化量产新阶段。 朱秋国的另一个身份是浙江大学控制科学与工程学院副教授、博士生导师，他是一名典型的"两栖型"创业 ...

Core Insights - Cloud Deep Technology has completed a new round of financing amounting to nearly 500 million RMB, led by Dachen Caizhi and Guoxin Fund, with participation from various other investment institutions [1][2] - The financing will support the company's R&D in technology and products, application expansion, and talent acquisition, solidifying its position in the quadruped robot sector and accelerating the commercialization of humanoid and wheeled robots [1][2] Company Overview - Founded in 2017, Cloud Deep Technology focuses on the independent R&D, production, global sales, and service of humanoid robots, quadruped robots, and their core components, becoming a leader in B-end applications such as power inspection and emergency rescue [1][3] - The company has developed over 100 authorized patents, including more than 20 invention patents, and has received multiple national and provincial honors [3] Product Development - The company launched China's first quadruped robot capable of climbing stairs and autonomous navigation in 2018, followed by the first quadruped robot with autonomous charging in 2019 [5] - The flagship product, the Zhi Ying X30, features industrial-grade protection (IP67) and can operate in extreme weather conditions, demonstrating high stability and reliability in various industry applications [5][6] Market Position and Applications - Cloud Deep Technology has implemented over 600 industry projects across various sectors, including energy, emergency response, security patrol, education, construction, and entertainment [6] - The company was the first globally to introduce an emergency firefighting solution using quadruped robots, showcasing its adaptability and stability in real-world applications [6][7] Future Outlook - The company aims to expand its applications in power inspection, emergency response, logistics, and research exploration, positioning itself to lead the industry in deep applications of embodied intelligence [7] - As the global robotics industry transitions from "technology validation" to "scale deployment," Cloud Deep Technology is set to continue driving technological breakthroughs and exploring new application scenarios [7]