Galaxea AI Raises $290M in Series B+ Round at $29B Valuation

Beijing-based Galaxea AI has raised nearly $290.4 million in a Series B+ funding round, as the company continues to build its embodied AI capabilities.

The round values the company at approximately $29 billion (around 200 billion yuan). This comes shortly after Galaxea AI secured close to $145 million in its Series B round in February.

Focus on long-term AI development

The company stated that the latest funding round saw participation from a mix of industrial investors, long-term funds, and state-backed capital. Although the exact names were not disclosed, the investor profile suggests continued institutional confidence in China’s AI sector.

Capital to support research and deployment

Galaxea AI plans to use the newly raised capital to strengthen its research efforts. Most importantly, it aims to advance its work on foundation models and Vision-Language-Action systems.

In addition, the company will focus on building data-driven models based on real-world environments. This approach could help improve the practical application of embodied AI systems.

Furthermore, the startup intends to accelerate commercial deployment. At the same time, it plans to expand its global ecosystem by building partnerships and collaborations.

Growing competition in embodied AI

According to Chief Financial Officer Luo Tianqi, the current wave of startups could shape the future of the sector. He noted that more than half of China’s top 10 embodied AI companies may emerge from this ongoing phase of innovation.

This reflects increasing competition in the space, as companies continue to invest in robotics, automation, and AI-driven systems.