UBTECH raises USD820M Series C at USD5B valuation
UBTECH raised USD820 million in Series C funding at a USD5 billion valuation.
Evidence notes
- Tencent led the completed financing.
- Participants included Green Pine Capital, Haier, Minsheng Securities, CDH Investments and Telstra Ventures.
- The financing supported UBTECH's artificial-intelligence and humanoid-robot development.
Company context
Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education. Listed on HKEX (9880.HK), founded March 2012.