Core Viewpoint - Cloud Deep Technology, one of the "Hangzhou Six Dragons," has officially initiated its IPO process, marking a significant step in its capital journey alongside other notable companies in the robotics sector [2][20]. Group 1: Company Overview - Cloud Deep Technology, founded in 2017 and headquartered in Hangzhou, focuses on embodied intelligence technology innovation and industry applications, with core businesses including the research, production, sales, and service of quadruped robots, humanoid robots, and key components [8]. - The company has completed a total of 8 financing rounds, raising over 1 billion RMB, positioning it among the top tier in the domestic robotics sector [6][7]. Group 2: IPO and Financing - The company has started its IPO counseling process, having completed a significant round of financing of over 500 million RMB on December 9, with participation from various strategic investors including China Telecom and JD.com [6][20]. - The IPO counseling was initiated after the company completed its share reform in November, changing its name to "Hangzhou Cloud Deep Technology Co., Ltd." and transitioning to a joint-stock company [2][5]. Group 3: Market Position and Growth - Cloud Deep Technology holds the second-largest global market share in quadruped robots at 18.9%, closely following Yushu Technology, which has a 32.4% share [16]. - The company anticipates over 100% year-on-year revenue growth in 2024, with expected robot shipments reaching tens of thousands by 2025 [18]. Group 4: Product Development - The company has launched several innovative products, including the world's first wheeled quadruped robot, the Mountain Cat M20, and an all-weather humanoid robot, the DR02, which expands operational capabilities beyond controlled environments [12][14]. - The founder, Zhu Qiuguo, emphasizes the importance of product strength and maintaining a humble approach despite the company's rapid growth and recognition [19]. Group 5: Industry Context - The "Hangzhou Six Dragons" includes other companies like Yushu Technology and DeepSeek, with three firms already on the IPO track, indicating a competitive and rapidly evolving landscape in the robotics and AI sectors [20][21].