Amazing! Post-90s CEO wins nearly 1 billion yuan in financing

In recent years, the intelligent robot industry has experienced rapid development, greatly changing the way people produce and live. Many companies have also stood out and have been favored by the capital market.

"Yushu Technology" completed nearly 1 billion yuan in B2 round financing

Recently, the intelligent robot brand "Unitree " announced the completion of a B2 round of financing of nearly 1 billion yuan. Investors include Meituan, Jinshi Investment, Source Code, and old shareholders Shenzhen Capital Group, China Internet Investment, Rongyi, Dunhong and Mida Junshi followed suit.

Unitree Technology said that the funds will be mainly used for product research and development, business expansion, and team building.

It is worth mentioning that this is not the first round of financing for Yushu Technology. In less than 8 years since its establishment, Yushu Technology has completed multiple rounds of financing and is deeply favored by capital.

On January 1, 2017, Yushu Technology completed its seed round of financing. The amount of financing was not disclosed to the public and the investors were individual investors.

On May 24, 2018, Yushu Technology completed its angel round of financing. The amount of financing was not disclosed to the public. The investors were Anchuang Accelerator and Variable Capital.

On January 22, 2020, Yushu Technology completed its Pre-A round of financing with a financing amount of tens of millions of RMB. The investors were Sequoia China Seed Fund and Dena Capital.

On May 21, 2020, Yushu Technology completed its Pre-A+ round of financing. The amount of financing was not disclosed to the public. The investors were Sequoia China Seed Fund, Chuangxin Capital and Xiangfeng Investment China Fund.

On July 30, 2021, Yushu Technology completed its Series A financing with a financing amount of tens of millions of US dollars, and the investor was Shunwei Capital .

On January 5, 2022, Yushu Technology completed its Series B financing. The amount of financing was not disclosed to the public. The investor was Matrix Partners .

On April 20, 2022, Yushu Technology completed its B+ round of financing with a financing amount of hundreds of millions of RMB. The investors were Dunhong Asset, Hexagon, Shunwei Capital, Rongyi Investment, Shenzhen Capital Group and China Internet Investment.

"Yushu Technology" becomes popular with its strong product power

According to public information, Unitree was founded in August 2016 and is headquartered in Hangzhou. The company focuses on the independent research and development, production and sales of consumer-grade and industrial-grade high-performance general-purpose legged/humanoid robots and dexterous robotic arms. It is the world's first company to publicly retail high-performance quadruped robots and the earliest company to realize industry implementation. At present, the company has launched Laiakgo, Aliengo, A1, Go1, B1, Go2, B2 and other quadruped robot products, and its global sales continue to lead.

(Picture source: Yushu Technology official website)

The founder of this robotics company, which is collectively favored by many investors, is actually a post-90s generation.

Wang Xingxing, the founder and CEO of Yushu Technology, previously worked for DJI and has accumulated rich R&D experience in the quadruped robot industry.

From 2014 to 2016, while studying for a master's degree in mechanical engineering at Shanghai University, Wang Xingxing designed and developed his first quadruped robot product, XDog, by modifying the disc-type brushless motor used in drones and developing a small-sized motor driver for it . This product uses electric drive to control the quadruped robot, which not only greatly reduces costs, but also achieves new breakthroughs in performance, reaching the top level in the global robotics academic circle at the time.

After the launch of X Dog, it became a big hit in the global robot circle. Wang Xingxing, who was working at DJI in Shenzhen at the time, decided to quit his job and start his own business. After receiving the first personal investment, Yushu Technology was officially established.

In October 2017, Yushu Technology independently developed motors, motor drives and main controls, the entire mechanical structure and a completely reconstructed control system , and released the Laikago quadruped robot, becoming the world's first high-motion performance quadruped robot officially released to the public and retailed.

In 2019, Yushu Technology released the Aliengo quadruped robot, which uses a newly designed power system and an integrated body design, making it lighter and reaching the world's advanced level among similar products.

In 2020, Yushu Technology released the quadruped robot A1 at CES in Las Vegas, USA . The maximum sustained outdoor running speed of this product can reach 3.3m/s , making it the fastest and most stable small and medium-sized quadruped robot among similar specifications in China .

In 2021, Yushu Technology released the companion bionic robot Go1, which achieved a new breakthrough in running speed, with a maximum running speed of 4.7m/s (17Km/h) , breaking the world record for the fastest running of quadruped robots of similar specifications .

In August 2023, Yushu Technology released its first universal humanoid robot H1 . The product adopts a lightweight design, is 180cm tall, but weighs only 47kg. The whole body can achieve 19 degrees of freedom, and is equipped with 3D laser radar and depth camera, with 360° panoramic perception capability, and can achieve autonomous obstacle avoidance. H1 is known as the first full-size universal humanoid robot that can run in China, with the highest power performance in the world .

In November 2023, Unitree Technology released the new Unitree B2 industrial quadruped robot , which has a speed of 6m/s , can carry a continuous load of 40kg, and can walk continuously for 5 hours. Its comprehensive performance is 2 to 3 times that of existing quadruped robots in the world .

In less than eight years since its establishment , Yushu Technology has achieved a series of breakthroughs. The company was the first to propose a technical solution and commercialize it. For many years, Yushu Technology has been in the position of the largest global shipments and sales in the field of quadruped robots, accounting for at least 60% of the company's global shipments.

Yushu Technology has developed a number of quadruped robots. According to official data, Yushu Technology has applied for more than 180 domestic and foreign patents and has been granted more than 150 patents. Yushu Technology is the first and only quadruped robot company in China to be awarded the national-level "Little Giant" for specialization and innovation .

The robots developed by Yushu Technology are not only suitable for the B-end, but can also be used in agriculture and industry for security inspections, surveys and explorations, public rescue, etc. They are also suitable for the C-end, and can be used for running and walking, etc. They can also transmit real-time video and images, display radar height maps, and realize AI interaction through large language models.

In recent years, Yushu Technology's products have frequently appeared on major domestic and international stages, including the 2021 CCTV Spring Festival Gala in the Year of the Ox, the opening ceremony of the 2022 Winter Olympics, the 2023 SuperBowl (American Spring Festival Gala) pre-game performance, the 2023 Hangzhou Asian Games and Asian Para Games, etc. Each appearance has attracted widespread attention and discussion.

In recent years, humanoid robots have received more and more attention around the world, and the demand has also increased significantly. According to Goldman Sachs' forecast data, by 2035, the market size of humanoid robots will reach 154 billion US dollars. Such a huge market size can fill 48%-126% of the labor gap and 53% of the elderly care gap.

With the rapid development of the industry, many companies have also seen business opportunities and have successively made plans. For example, giants such as Huawei, Xiaomi, Samsung, Google, Amazon, and car companies such as Tesla, Honda, and Toyota, as well as startups such as Weilan Technology, Drew Power, Yunshenchu, and Haqi. In the future, the competition in this field will become more and more fierce, and it can be said that opportunities and challenges coexist.

Intelligent Robots

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