Wire flash
Embodied intelligence firm Kinetix AI raises over 500 mln yuan in Angel+ round
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Embodied intelligence company Kinetix AI has completed a Series Angel+ funding round exceeding 500 million yuan. The round included additional investments from Vertex Ventures, the venture capital arm of Singapore's Temasek Holdings, as well as Fangguang Capital and Wanshi Capital. According to a report from LatePost, the funds will be used to accelerate the iterative development of the company's 'data-model-hardware' pipeline and to drive the commercialization of its embodied intelligence products.
Source report
Beijing — Embodied intelligence company Kinetix AI has completed a Series Angel+ funding round exceeding 500 million yuan, according to a report by LatePost.
The round saw additional investments from Vertex Ventures (the venture capital arm of Singapore’s Temasek Holdings), Square Capital, and Wanshi Capital.
Use of Funds
The company plans to allocate the capital to:
- Accelerate the iterative development of its “data-model-hardware” pipeline
- Drive the commercialization of embodied intelligence products
Source
thsNeutral / independent