以下文章来源于小饭桌 ，作者小饭桌 小饭桌 . 创业从这里起步 本文来自微信公众号： 小饭桌 ，作者：苏迪，编辑：张丽娟，原文标题：《379亿热钱涌入，投资 人只问"订单在哪"？| 什么值得投之具身智能篇》，题图来自：视觉中国 毫无疑问，具身智能是2025年全球最火热的创新创业领域之一。 根据IT桔子数据，过去一年，整个赛道发生304起融资，超过379亿元资金涌入，分别是2024年的 2.95倍、4.05倍，是2023年的7.24倍、4.37倍，且融资轮次从早期向中后期延伸。 这其中，既有单笔近20亿的"巨无霸"融资，也有十几家机构扎堆抢投的"明星项目"，更有一年完成6 轮、九个月内完成5轮融资的"黑马企业"。 钱在哪儿，故事就在哪儿。 只是，资本虽然依旧踊跃，眼光却愈发挑剔。 对于已推出机器人的公司，投资人开始紧盯"量产能力"与"真实订单"；而对于专注"机器人大脑"的算 法公司，则更关注其技术能否在特定场景中形成"可复制的解决方案"。 金鼎资本就明确表示，具身智能是一二级市场的持续主线，但资本偏好已转向"有独特价值和产业链 生态位"的企业。 这种从"铺赛道"到"选优胜"的转变，或许是行业从狂热走向理性的关键 ...

8月份，其数亿元天使轮融资落地，由蚂蚁集团领投，中金资本、首发展创投、上海半导体装备基金、澄凯基金、德同 资本、可可资本跟投，老股东红杉中国种子基金再度加注。 10月24日，灵心巧手又完成数亿元A轮融资，由由京国瑞管理公司和博佳资本领投，国中资本、帝奥微、紫峰资本、 山证投资、江金卓越基金、弘颐基金等知名机构联合投资，老股东蚂蚁集团继续加注。 11月份，其A+轮融资正式官宣，由浙江创新投资、德清产投、乐聚机器人、鼎晖百孚、晶华新材、东方精工、奥克 斯、华福投资、弘颐基金、洪山资本、祥源新材等多家知名投资机构共同参与。 本次A++轮融资，距离上次融资亦不过一个月时间。据灵心巧手透露的最新信息，公司计划2026年交付5-10万台灵巧 手，推进灵巧操作革新。 据介绍，截至目前，灵心巧手已成为全球唯一量产千台高自由度灵巧手的公司，占全球高自由度灵巧手市场的80%以 上，成为灵巧手领域全新的行业独角兽。 公司情报专家《财经涂鸦》获悉，12月9日，港交所正式推出其首只港股指数——香港交易所科技100指数（港交所科 技100），易鑫集团（02858.HK）成功入选为该指数成分股。 今年以来，易鑫已先后纳入AH经济成长、港股 ...

" 今日，全球灵巧手领军企业灵心巧手正式完成A++轮融资，本轮融资由红杉中国、创世伙伴创投 （CCV）、广发乾和、普丰资本投资，将用于产品技术研发、产能提升和具身智能灵巧操作数据 灵心巧手创始人、CTO周永曾表示："当有百万只灵巧手在真实世界中不断交互，灵巧操作从数据、模型再 到技能的进化飞轮就会螺旋上升，最终还原全人类的百万种技能。" 目前，灵心巧手已完成"灵巧手组装机 械臂"、"灵巧手组装灵巧手"的创新探索，并 提出"灵创巧界"全新战略，将"自我制造"延伸至"自我进 化"，旨在构建一个让机器人持续学习、自主进化，甚至不断创造新技能的生态系统。 Dex-Serl真机强化学习框架 积累。 " 2025年，灵心巧手旗下Linker Hand系列推出多款高性能灵巧手，面向各类垂直和细分场景，实现了对腱 绳、直驱、连杆等技术路线的全覆盖，以高性能、高耐用性、高可靠性表现获得广泛认可。 灵心巧手已成 为目前全球唯一量产千台高自由度灵巧手的公司，占全球高自由度灵巧手市场的80%以上，成为灵巧手领域 全新的行业独角兽。 Linker Hand系列灵巧手 随着人形机器人进入量产井喷的全新快速发展期，性能更强、更贴近人形机器 ...

2025年，灵心巧手旗下Linker Hand系列推出多款高性能灵巧手，面向各类垂直和细分场景，实现了对腱绳、直驱、连杆等技术路线的全覆盖，以高性能、 高耐用性、高可靠性表现获得广泛认可。灵心巧手已成为目前全球唯一量产千台高自由度灵巧手的公司，占全球高自由度灵巧手市场的80%以上，成为灵巧 手领域全新的行业独角兽。 随着人形机器人进入量产井喷的全新快速发展期，性能更强、更贴近人形机器人的灵巧手成为市场刚需。Linker Hand L6、O6采用真实人手尺度仿生设计， 一经推出便展现出在全尺寸、中尺寸人形机器人领域的巨大应用价值，成为赋予人形机器人灵巧操作能力的佳选，月交付量过千台。其中，Linker Hand L6 以自研"超强电缸"为驱动源。"超强电缸"采用"无刷电机+滚珠丝杠"方案，驱动效率高达90%，可达行业传统产品水平的2倍以上。丝杠末端推力可达200N， 实测寿命超百万次，具备广泛的产业应用价值。 随着产品力不断提升，灵心巧手持续推动软硬件协同发展和数据基础累积，以Open TeleDex模块化机器人遥操作系统构建了支持"任意外接设备、任意机械 臂、任意灵巧手"的"TripleAny"开放式体系，大 ...

Core Insights - The article discusses the financing situation of embodied robots in 2025, focusing on companies involved in the development of embodied robots, components, and algorithms, with a particular emphasis on funding amounts exceeding 100 million yuan [1]. Company Summaries - **AI² Robotics**: Secured hundreds of millions in funding, focusing on AGI-native general intelligent robots, with applications in semiconductor, automotive, electronics, biotechnology, and public services [3]. - **Self-Variable Robotics**: Raised 1 billion, specializing in AI and robotics technology innovation, building general intelligent agents based on large robot models [4]. - **Xingyuan Intelligent Robotics**: Received 300 million, developing a general embodied brain technology, aiming for multimodal spatial intelligence [5]. - **Differential Intelligence**: Funded 100 million, creating a leading global aerial robot intelligent brain and cluster system for industrial and urban applications [6]. - **Dyna Robotics**: Raised 120 million, focusing on AI-driven robots for various tasks, emphasizing cost-effective learning in real production scenarios [7]. - **Motorevo**: Secured 100 million, specializing in robot joints and power units, including desktop robotic arms and quadruped robots [9]. - **Lexiang Technology**: Funded 200 million, dedicated to developing general small embodied robots for family use [10]. - **Qianjue Robotics**: Raised 100 million, focusing on high-dimensional multimodal tactile perception technology for robots [11]. - **Leju Robotics**: Secured 1.5 billion, involved in humanoid robot development, with a dual strategy for commercializing small humanoid robots [12]. - **Lingxin Qiaoshou**: Received hundreds of millions, focusing on a platform for embodied intelligence with a series of dexterous hands [13]. - **Songyan Power**: Funded 300 million, specializing in humanoid robot development and manufacturing [14]. - **Wubai Intelligent**: Raised 500 million, focusing on bionic intelligence and robotics, with a focus on general humanoid robots [15]. - **Shengshi Weisheng**: Secured 100 million, developing intelligent robots for manufacturing automation [16][17]. - **Zhongke Optoelectronics**: Funded 215 million, focusing on high-end intelligent robot products for military and manufacturing sectors [18]. - **Deep Intelligent**: Raised 200 million, specializing in general embodied intelligent robots [20]. - **Wujie Power**: Secured 300 million, focusing on building a "general brain" for robots [21]. - **Yuanli Lingji**: Funded hundreds of millions, specializing in embodied intelligence solutions for industrial and logistics automation [22]. - **Accelerated Evolution**: Raised 100 million, focusing on humanoid robot development [23]. - **Stardust Intelligent**: Secured hundreds of millions, developing commercial humanoid robots with strong operational performance [25]. - **Light Wheel Intelligent**: Focused on high-quality simulation and physical AI technology for robots [26]. - **New Era Intelligent**: Raised 100 million, specializing in commercial cleaning robots [27]. - **Star Motion Era**: Funded over 1 billion, focusing on general artificial intelligence and humanoid robot technology [28]. - **Aoyi Technology**: Secured 160 million, specializing in non-invasive brain-machine interfaces and rehabilitation robots [29]. - **Daimeng Robotics**: Raised 100 million, focusing on tactile perception technology and wearable remote operation systems [30]. - **Luming Robotics**: Funded hundreds of millions, focusing on family-oriented intelligent robots [32]. - **UniX AI**: Secured 300 million, specializing in AI and humanoid robotics [33]. - **Ling Sheng Technology**: Raised 100 million, focusing on multi-modal perception and decision-making systems for robots [34]. - **Cloud Deep Technology**: Funded 500 million, specializing in quadruped robot development [35].

Core Insights - The "6th China Robot Industry Annual Conference" will be held on December 18-19, 2025, in Hangzhou, focusing on humanoid robot technology and embodied intelligence [1] - The conference aims to create a high-end dialogue platform for government, industry, academia, and investment, leveraging Hangzhou's advantages in innovation and technology [1] - A total of 21 companies will exhibit their innovative products and case studies in the robotics field at the conference [1] Company Highlights - **HIT Huawike**: Founded by an academician from the Chinese Academy of Sciences, focusing on flexible intelligent perception technology, with over 150 intellectual property rights and participation in 8 national/industry standards [3][4] - **Linkerbot**: Holds over 80% of the global market share in high-freedom dexterous hands, recognized in multiple prestigious awards, and collaborates with top universities and companies [6][7] - **Greens Harmonic Drive**: A leading manufacturer in precision harmonic drive technology, holding the largest domestic market share and second globally, with 160 patents and 6 national standards [16][18] - **Hefei Xinghui Sensing Technology**: Established in April 2025, focuses on robot tactile sensors, with a management team from a global leader in the field [26][27] - **Yinshij Robot**: Specializes in micro precision actuators, with over 80 intellectual property rights and a production capacity of 100,000 micro servo cylinders annually [29][30] - **Yushu Technology**: A well-known civil robot company, involved in high-performance humanoid robots and dexterous robotic arms, with participation in major events like the Winter Olympics [39][40] - **Shenzhen Anpeilong Technology**: A national-level specialized enterprise focusing on intelligent sensors, with a complete vertical industry chain from chip development to sensor manufacturing [51][52] - **Cloud Deep Technology**: Focuses on embodied intelligence technology, with core technologies in motion control and intelligent environment perception, leading in various industry applications [58][59] - **Blue Dot Touch Control**: Dominates the domestic market for six-dimensional force sensors, with a 95% share in joint force sensors expected in 2025 [66] Event Details - The conference will feature various forums and discussions on topics such as the current trends in humanoid robots, AI integration, and the commercialization of embodied intelligence [127][128] - Notable speakers include experts from leading universities and companies, discussing the future of humanoid robots and their applications [127][128]

Core Insights - The initial successful application of humanoid robots is in the short video industry, showcasing their quirky and often clumsy behaviors, which have become a source of entertainment [1][4] - The humanoid robot industry is transitioning from experimental phases to real-world applications, with significant investment flowing into the sector, indicating a potential for substantial growth [4][10] Industry Development - In the first eight months of 2025, the financing amount in China's robotics sector reached 38.624 billion yuan, highlighting the increasing financial interest in humanoid robots [4] - Global consulting firm Bain predicts that humanoid robots will reshape industrial production and significantly impact commercial services and home life over the next decade [4] Technological Approaches - The U.S. focuses on creating advanced "super brains" for robots, emphasizing a technology-driven approach, while China adopts a more pragmatic strategy, prioritizing hardware development and real-world applications [5][7] - Chinese companies are rapidly developing the physical components of robots, such as advanced sensors and dexterous hands, to enhance their functionality and reduce costs [8][10] Investment Landscape - Venture capital firms like Sequoia Capital and Matrix Partners are strategically investing in various segments of the humanoid robot industry, aiming to capture value across the entire supply chain [11][12] - Major tech companies like Tencent and Alibaba are also investing in robotics, providing not only capital but also valuable application scenarios and resources [14] Government and Institutional Support - National investment entities are aligning their strategies with government initiatives, focusing on securing the supply chain and advancing critical technologies in the humanoid robot sector [15] - The involvement of over 3,331 investment institutions in humanoid robot projects indicates a robust interest in the industry, with significant contributions from state-backed funds [15] Market Challenges - Despite the excitement in the humanoid robot market, there are concerns about product redundancy and the potential for oversaturation, which could hinder innovation and development [17] - The industry faces challenges in achieving sustainable cash flow and viable commercialization paths, as highlighted by the closure of previously promising companies [17][19]

Group 1 - The core theme of the "Direct to Wuzhen" Global Internet Competition is "Discovering Future New Forces and Building a New Digital Ecosystem," featuring six major tracks including AI, intelligent transportation, smart healthcare, intelligent manufacturing, smart terminals, and open-source projects [2][5] - The competition attracted 1,082 projects from 29 countries and regions, with 60 awards distributed, including 6 special awards, 6 first prizes, 18 second prizes, and 30 third prizes [2][5] - The newly established "Open Source Challenge" attracted over 600 developers, highlighting the global collaboration and innovation in the digital space [2][8] Group 2 - The competition has evolved into a comprehensive platform for technology display, idea exchange, resource connection, and industry integration, allowing global innovators to better understand China's digital economy [3][4] - The competition has successfully broken down geographical barriers, facilitating the exchange of technological wisdom, industrial needs, and talent resources across countries [4][10] - Since its inception in 2019, the competition has seen participation from over 6,500 projects across 47 countries, with nearly 40% of awarded projects securing further financing [5][10] Group 3 - Major industry players such as FAW, Xiaomi, and Haier participated, showcasing innovations like the "ZhiYuan LingQu OS" and advanced surgical robots [6][7] - International projects like ORamaVR and Brill Power demonstrated significant advancements in medical training and battery management, respectively, enhancing the competition's global profile [7][8] - The open-source project track has significantly increased participation and engagement, contributing to the development of the open-source ecosystem and fostering young talent [8][9] Group 4 - The "Digital Wings" global ecological cooperation community has established a regular operational mechanism, facilitating resource connection and industry trend discussions [9][10] - The competition has transformed from a domestic-focused event to a global platform, providing a model for open cooperation in digital ecosystem construction [4][10] - The ongoing commitment to expanding global innovation cooperation networks aims to deepen the integration of digital technology with the real economy [10]

Group 1 - The 2025 Second Zhongguancun Embodied Intelligence Robot Application Competition concluded in Haidian, Beijing, focusing on "embodied intelligence and future applications" [1] - The competition featured three main tracks: embodied intelligence model capability challenge, embodied intelligence scenario application, and academic frontiers and industrial ecology [1] - A total of 20 innovative incentive spots were awarded, with winning teams receiving priority support for result transformation, industrial park entry, and investment financing connections in Haidian District [1] Group 2 - Haidian District has gathered nearly 300 companies related to embodied intelligent robots and has 21 educational institutions offering relevant programs, forming a complete industrial chain centered around "brain, small brain, and body" [1] - A robot demonstrated the ability to perform complex tasks such as drying clothes, which are challenging due to the variability in fabric types and the lack of standardized folding methods [1] - The "Lingxin Leyu Robot Band" performed with precision using the Linker Hand series dexterous hands and self-developed robotic arms, showcasing excellent load capacity, movement speed, and positioning accuracy [2]

Core Insights - The 2025 Second Zhongguancun Embodied Intelligence Robot Application Competition concluded in Haidian, Beijing, focusing on the theme "Embodied Intelligence, Application Future" [2] Group 1 - The "Lingxin LeFu Robot Band" performed at the event, showcasing its capabilities [2] - The robot band is equipped with the Linker Hand series dexterous hands and self-developed robotic arms, demonstrating precise, rapid, and powerful key presses [2] - The performance highlighted the dexterous hands' superior load capacity, movement speed, and positioning accuracy [2]