China robotics funding falls to about $1.6 billion in October, under half of August's total
Chinese robotics companies raised about 11 billion yuan ($1.6 billion) in October, according to investment tracker ITjuzi, as cited by Bloomberg News. That is less than half the nearly 24 billion yuan raised in August and 67% below the record 32.8 billion yuan in June. ITjuzi counts humanoid makers like Unitree, robot AI model developers and component suppliers.
Deal counts are falling too. China's Daily Economic News, also citing ITjuzi, counted 33 embodied-AI deals in October, down from 60 in September. Wang Yang of Songhe Capital blamed sharp share-price drops at some newly listed robot makers and a tighter IPO pipeline.
Why it matters
Average deal size rose, though. By Robrief's math on the same ITjuzi data, October rounds averaged about 306 million yuan, up from 184 million in September. ITjuzi's embodied-AI tally is narrower than Bloomberg's robotics total, so the figures differ.
More on Unitree.
Sources
- Bloomberg News: China Robot Funding Slows to $1.6 Billion as Shakeout Fears Grow
- Daily Economic News (NBD): Embodied AI deal count nearly halved in October
- Robrief: October embodied-AI funding, 33 deals with larger rounds
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Summarized by Servospace from the sources above, drafted with AI help and checked against those sources before publishing. Claims are the companies' or outlets' unless we say otherwise. How we work.