Chinese robotics chip company Huixi Technology has completed Pre-Series B-plus and Series B financing, the company announced on October 22. The financing was led by the Beijing Artificial Intelligence Industry Investment Fund, with participation from the Beijing Robotics Industry Development Investment Fund, Hidden Hill Capital and other investors. Existing shareholders, including Shunwei Capital and Cathay Capital, also invested.
The proceeds will support development of a new generation of high-performance chips for embodied AI and accelerate commercial deliveries. Huixi develops the R1 AI system-on-chip and Huixi Embodied computing platforms, combining processors with software for model deployment, simulation and real-time control. Its computing platform is already used in AgiBot’s Genie G2 robots. The company said its total equity financing this year has exceeded RMB 2.5 billion. [PE Daily, in Chinese]