2026年，国内机器人赛道融资依旧火热，在2月，行业接连传来大额融资消息。据《智能新观察》不完全统计，截至2月25日，国内机器人赛道共有六家企 业完成大额融资，累计融资额达76亿元。其中星海图、灵心巧手、智平方、千寻智能四家企业投后估值均突破百亿大关，跻身机器人"百亿俱乐部"。 在此，本文列举出这六家企业的最新融资动态，透过76亿元的热钱流向，探寻其产品技术走向"产业深水区"的底层逻辑。 据公开信息整理，如有遗漏欢迎指正！ 一、千寻智能——近20亿元两轮融资 2月24日，具身智能企业千寻智能宣布完成近20亿元融资，投后估值突破百亿元，成为行业新晋独角兽。本轮由云锋基金、红杉中国等超一线机构领投， 顺为资本、达晨财智等老股东全数追加，产业方覆盖宁德时代、TCL、京东、华为、小米等头部企业，形成罕见的"全场景生态"股东阵容。本轮融资后， 千寻智能将持续加大具身基础模型与真实数据体系的投入，深化产业生态共建。 左韩峰涛、右高阳 二、灵心巧手——近15亿元B轮融资 | | | 2026年二月六家机器人企业大额融资信息汇总 | | | --- | --- | --- | --- | | | | (按融资规模排序) | ...

2月23日，智平方宣布完成超10亿元人民币B轮融资。本轮投资方包括百度、中国中车、多家特斯拉生 态链企业，以及PE基金沄柏资本、券商系基金国泰海通等。本轮融得资金将用于GOVLA大模型底层研 发以维持技术领先，并推进AlphaBot产线扩容与规模化交付。 量产方面，2025年9月，智平方自建产线投产，同年12月实现单月百台级交付，目前该产线已具备年产 千台能力，并计划在2026年扩产至万台规模。智平方称，其机器人从整机研发、核心部件定制到结构件 加工、组装验证的全链条均在体系内完成，确保了质量、成本与交付节奏自主可控。 近期，具身智能赛道大额融资频发，星海图、众擎、银河通用、星动纪元及自变量等企业，先后宣布完 成超10亿元人民币的单笔融资。在资本热潮的背后，行业头部梯队已启动上市计划，宇树和云深处等公 司均已启动A股上市辅导备案。接近智平方的人士向记者透露，公司目前也正积极筹备上市规划，券商 系基金国泰海通参与本轮融资即释放了信号。 （文章来源：21世纪经济报道） 与多数机器人公司相比，智平方选择"软硬一体"技术路径。2024年6月，智平方发布并开源首个VLA （视觉-语言-动作）模型GOVLA 0.0，随后 ...

本轮投资方包括百度、中国中车（601766）、多家特斯拉生态链企业，以及PE基金沄柏资本、券商系基金国泰海通等。 2月23日，智平方宣布完成超10亿元人民币B轮融资。本轮投资方包括百度、中国中车、多家特斯拉生态链企业，以及PE基金沄 柏资本、券商系基金国泰海通等。本轮融得资金将用于GOVLA大模型底层研发以维持技术领先，并推进AlphaBot产线扩容与规 模化交付。 截至本轮，智平方一年内已累计完成12轮融资，成为融资节奏最快的具身智能企业，公司估值超过百亿元。 与多数机器人公司相比，智平方选择"软硬一体"技术路径。2024年6月，智平方发布并开源首个VLA(视觉-语言-动作)模型 GOVLA0.0，随后在2025年6月推出双系统深度融合的升级版GOVLA0.5，定位为全域全身的VLA大模型。目前，公司已推出 GOVLA1.0版本。在开源领域，智平方在大型双臂机器人数据集RoboCOIN中，成为half-humanoid领域数据与本体数量最多的贡 献者，覆盖50余个场景。 目前，智平方的AlphaBot系列机器人已进入汽车制造场景，直接对标特斯拉Optimus，并拿下国际车企订单。智平方还表示，旗 下轮式双臂 ...

马年首个百亿具身独角兽诞生了。 投资界获悉，今日（2月23日），生产力型通用智能机器人公司智平方（AI² Robotics）宣布完成超10亿元B轮系列融资，投资方颇为豪华：中车资本、百 度战投、沄柏资本、国泰海通、多家特斯拉生态链龙头企业及地方基金等。 至此，智平方在一年内累计完成12轮融资，估值超百亿人民币，也成为这一波深圳首个百亿具身智能独角兽。如此节奏背后，是投资人之间难得的共识： 某种程度上，智平方是当前"最像特斯拉"的中国机器人创业公司，正如本轮融资罕见地集体出现了特斯拉生态伙伴的身影。 这番盛况，无疑是中国具身智能爆发最生动的写照。中国机器人正在走向历史更深处，诸神之战，悄然打响。 80后博士，缔造百亿估值 "最像特斯拉机器人" 智平方的故事，始于80后博士郭彦东。 早年他在北京邮电大学完成本科和硕士学业，2013年从美国普渡大学电子与计算机工程学院博士毕业，师从美国工程院院士Jan Allebach和Charles Bouman 教授。后来，郭彦东入选国家级创新领军人才，同时也是香港科技大学（广州）的兼职教授。 智平方创始人兼CEO郭彦东 创业之前，郭彦东的职业履历亮眼——曾在微软西雅图总部担任 ...

场景验证：从"展示"到"实干"，机器人生产力触手可及 在深圳人才公园，"智魔方"成为一道引人注目的风景线。其搭载的自研机器人AlphaBot 2能自主操作商 用设备，完成从取杯到拉花的全流程咖啡制作，同时可与顾客自然对话，还能与另一台机器人协作表 演，将服务转化为可观看、可分享的科技体验。 "'智魔方'本质上是一个集机器人生产力与沉浸式互动于一体的智能服务终端。"智魔方品牌业务负责人 戈振伟介绍，其通过人机协同模式与模块化设计，支持咖啡、冰淇淋、娱乐、零售等功能的灵活组合， 实现"千店千面"的个性化服务。"我们注重的是为消费者带来有情感温度、有记忆点的体验，而非冰冷 的机械流程。" 这一实践也呼应着行业价值体系的深刻转向。业内人士指出，机器人产业正从关注"表演能力"——如动 作的炫酷与速度，转向聚焦"交付价值"——能否稳定、持续地完成任务，是否具备真实场景下的可靠产 出。 自今年1月落地以来，"智魔方"深圳人才公园店已持续稳定服务超一个月，累计接待市民上万人次， 以"每日在岗、高频互动、真实交易"证明了其可靠性与实用性。这也意味着，前沿的具身智能技术通过 真实场景中持续迭代，正在转化为公众可感知、可使用的城市 ...

Core Viewpoint - The article highlights the launch of "Smart Cube" by AI² Robotics, marking a significant advancement in modular embodied intelligence service spaces, aimed at transforming urban commercial and cultural landscapes through intelligent robotics [1]. Group 1: Product Launch and Market Strategy - AI² Robotics introduced the world's first modular embodied intelligence service space, "Smart Cube," in Beijing and Shenzhen, with plans to deploy 1,000 units across key urban areas in the next three years [1]. - The "Smart Cube" aims to address challenges in the cultural and commercial travel industry, such as homogenized experiences and low operational efficiency, by offering a flexible and efficient service space [2]. Group 2: Functional Design and User Experience - The "Smart Cube" features four independent modules: coffee, ice cream, entertainment, and retail, which can be combined based on specific scene requirements, enhancing user engagement and experience [2]. - The compact design of 15 square meters allows for quick deployment without extensive renovations, significantly lowering the barriers for intelligent upgrades in cultural and commercial travel settings [4]. Group 3: Innovative Operational Model - The operational model of "Smart Cube" integrates human-robot collaboration, utilizing the self-developed GOVLA model for optimal business decision-making, enhancing operational efficiency by up to 100% during peak times [6][8]. - Robots in the "Smart Cube" can adjust their operational strategies based on real-time customer flow, demonstrating commercial judgment and maximizing space efficiency [8]. Group 4: Technical Capabilities and Industry Positioning - The stable operation and continuous evolution of "Smart Cube" are supported by a three-part system capability: model, hardware, and scene, establishing a competitive barrier in the industry [11]. - The self-developed GOVLA model excels in full-body control and environmental understanding, outperforming international benchmarks and contributing to a data-driven improvement cycle [14]. Group 5: Commercialization and Future Outlook - AI² Robotics has rapidly ascended to unicorn status, securing significant funding and positioning itself as a key player in the global embodied intelligence market [18]. - The deployment of 1,000 "Smart Cubes" will integrate these intelligent units into urban infrastructure, serving as technology landmarks and cultural showcases, while driving the next generation of growth in the cultural and commercial travel sector [21].

Core Insights - The HICOOL 2025 Global Entrepreneur Summit attracted over 50,000 visitors, marking its sixth year and achieving a record in both entrepreneurial projects and talent recruitment [1] - The summit emphasized not only technological innovation but also the importance of transforming results and precise market capital alignment, focusing on international cooperation and nurturing young talent [1] Group 1: Event Overview - The summit featured a 40,000 square meter exhibition area showcasing advancements in artificial intelligence, biomedicine, integrated circuits, and new energy [1] - A total of 200 projects were awarded in the HICOOL 2025 Global Entrepreneur Competition, with 12 first prizes, 36 second prizes, 68 third prizes, and 84 merit awards, predominantly in hard technology [3][4] Group 2: Technological Innovations - The winning project, AlphaBot series robots by Zhifang Technology, utilizes the GOVLA model for comprehensive perception and coordination capabilities [3] - The competition expanded from 7 to 12 tracks, with integrated circuits and quantum information upgraded to primary tracks, resulting in a 107% increase in project submissions in the integrated circuit category [4] Group 3: New Initiatives - The summit introduced a World-Class Universities Exhibition area, aiming to connect renowned institutions and technology transfer organizations, fostering a model of "university research + technology transfer + industry connection" [6] - The focus on creating value and project implementation was highlighted, with adjustments in the evaluation mechanism to prioritize the feasibility of project execution [7] Group 4: Market Impact - Over the past six years, HICOOL has nurtured one listed company, 16 unicorns, and 197 "specialized and innovative" enterprises, with post-competition financing exceeding 50 billion yuan [8]

Key Points - The total number of financing events this week reached 142, with a total financing amount of approximately 15.892 billion yuan, marking an increase of 11.707 billion yuan from the previous week [4] - There were 59 disclosed financing events this week, a decrease of 15 from last week, with the financing amount distribution remaining relatively unchanged [5] - The top five industries by financing event count were electronics, information technology, equipment manufacturing, healthcare, and consumer goods and services, accounting for 74.65% of total events [12] - The top five industries by financing amount were transportation, electronics, healthcare, information technology, and equipment manufacturing, together accounting for 96.65% of total financing [12] - The most notable financing events included significant rounds for humanoid robots, semiconductor materials, optical chips, and surgical robots, indicating strong investment interest in these sectors [7][8][9] Financing Events Overview - This week saw 17 financing events with amounts of 1 billion yuan or more, a decrease of 2 from the previous week [4] - The financing amount for the semiconductor materials sector exceeded 1 billion yuan, while the optical chip sector secured over 1.5 billion yuan [8][9] - The humanoid robot sector has received over 10 billion yuan in financing since the beginning of 2025, indicating a growing trend towards commercialization and large-scale application [14] Industry Distribution - The electronics and information technology sectors were tied for the highest number of financing events, each with 28 events, while the equipment manufacturing sector followed with 26 events [12] - The healthcare sector had a notable presence with 15 financing events, reflecting ongoing investment in medical technology [12] Regional Distribution - The top five regions for financing events were Jiangsu, Guangdong, Shanghai, Zhejiang, and Beijing, collectively accounting for 78.87% of total events [18] - In terms of financing amount, Shanghai led with 15.242 billion yuan, followed by Guangdong and Zhejiang, indicating a concentration of investment activity in these areas [18] Financing Rounds - Angel and A rounds were the most active, totaling 105 events, while strategic financing and B rounds followed [22] - A rounds accounted for nearly 80% of the financing amount this week, primarily driven by a significant A+ round in the transportation sector [22] Investment Institutions - A total of 170 investment institutions participated this week, with notable activity from institutions like Shenzhen Capital Group and Zhongxin Juyuan [24]

Group 1 - The recent financing activities in the embodied intelligence robotics sector highlight the strong momentum of industry development and continued capital interest in this field [1][2] - Companies like Zhifang and Wujie Power are rapidly securing significant funding, indicating a trend where experienced professionals from the autonomous driving sector are transitioning into the embodied intelligence space [2][5] - The integration of technology and innovation in the embodied intelligence sector presents substantial opportunities, as the technical foundations of autonomous driving are closely related to the requirements of embodied intelligence robotics [2][7] Group 2 - Zhifang has completed multiple rounds of financing, with significant participation from various investors, including industry capital, to support the development of its robot models and global market expansion [3][4] - The company has already received over 500 orders for its robots, primarily from sectors such as automotive manufacturing, semiconductor, and biotechnology, indicating strong market demand [4] - The company aims to establish itself as a comprehensive intelligent robot service provider, focusing on both hardware manufacturing and advanced model development [4][6] Group 3 - A notable trend is the migration of talent from the autonomous driving industry to the embodied intelligence sector, with many high-profile executives starting new ventures [5][6] - The overlap in technology between autonomous driving and embodied intelligence, such as environmental perception and decision-making capabilities, facilitates this talent transition [7][9] - The shared technological foundation allows for the reuse of core components and algorithms, making the shift from autonomous driving to embodied intelligence a natural progression [7][9]

Group 1: Meituan's LongCat-Flash-Chat - Meituan officially released and open-sourced LongCat-Flash-Chat, a large model utilizing a Mixture-of-Experts (MoE) architecture with a total of 560 billion parameters and an activation range of 18.6 billion to 31.3 billion parameters, averaging 27 billion [1] - LongCat-Flash-Chat demonstrates outstanding performance in intelligent tasks with a processing speed exceeding 100 TPS while activating only a small number of parameters [1] - The move into large models is a proactive strategy for Meituan to enhance its delivery and recommendation services, thereby improving user and merchant experiences and solidifying its competitive position in the local service sector [1] Group 2: XREAL's AR Glasses Market Leadership - XREAL has maintained its position as the global leader in consumer-grade AR glasses sales for four consecutive years, with a year-on-year shipment increase of 113.7% in Q2 2025 [2] - As of June 30, XREAL's cumulative shipment volume has surpassed 700,000 units, ranking second in the overall AR+VR market, only behind Meta [2] - XREAL's competitive edge lies in its technological innovation, product experience, and market expansion, supported by deep collaboration with Google to leverage the Android ecosystem [2] Group 3: AI²Robotics Funding Round - AI²Robotics, a company specializing in embodied intelligence, has completed a new round of Series A financing led by Shenzhen Capital Group, with investments exceeding 100 million yuan [3] - The funding round also saw participation from existing shareholders and new investors, including Huaxi Biological and a large retail enterprise, aimed at further developing the GOVLA large model and AlphaBot series robots [3] - The investment highlights the potential of AI²Robotics in a competitive landscape, where the company aims to enhance technology, increase production capacity, and expand market share [3]