State of the Machines: Capital Dispatch — Week of Aug 17, 2026

Unitree begins trading in Shanghai

Unitree began trading on Shanghai’s STAR Market on Aug. 19, with shares closing at RMB845 after rising 460% from the RMB150.80 IPO price.

The company raised approximately RMB6.1 billion ($900 million) through the IPO before this week’s trading debut. The raise itself belongs to the previous week’s capital activity and is not counted again in the funding ledger.

FORT Robotics agrees SPAC listing

FORT Robotics agreed to combine with Newbury Street II Acquisition Corp., taking the Physical AI safety company public on Nasdaq.

The transaction values the combined company at a $556.6 million pro-forma enterprise value and could provide approximately $201 million in gross proceeds, assuming no SPAC redemptions. FORT expects to trade under FROB following completion.

Source: FORT Robotics

Mech-Mind prepares $300 million Hong Kong IPO

Mech-Mind Robotics is preparing to open the order book for a Hong Kong IPO expected to raise approximately $300 million.

The company is targeting a Sept. 1 trading debut after clearing its listing hearing and receiving approval to issue up to 27.48 million overseas shares.

Source: Mech-Mind Robotics

AIMOGA prepares for an IPO

Chery-backed AIMOGA Robotics is preparing for an IPO to fund further expansion.

Management said discussions over potential listing venues are underway, although no exchange, timetable or transaction size has been finalised. The company says it has deployed more than 3,000 robots and is targeting 10,000 global deliveries over the coming year.

Source: AiMOGA Robotics

Other listing activity

LimX Dynamics reportedly made a confidential Hong Kong IPO filing, with a potential raise of up to $300 million.

Direct Drive Tech filed a Hong Kong listing application on Aug. 19.

Tianjin Chenxing Technology, formerly Atomrobot, submitted a renewed Hong Kong listing application on Aug. 18.

ACE Robotics management said the company intends to pursue an IPO as soon as regulations permit.

Date

Company

Type

Signal

Aug 17–21

Castelion$1B total / $800M equity

Aug 17–21 · Series C

Series C

Scaled production of low-cost hypersonic strike and defensive systems

Aug 17–21

Gravis Robotics$200M

Aug 17–21 · Series A

Series A

Retrofit autonomy and Physical AI for excavators and heavy construction machinery

Aug 17–21

Velaura AI$110M

Aug 17–21 · Series A

Series A

Ultra-low-power AI compute for data centres, robots, drones and autonomous systems

Aug 17–21

Motion Brain~$69M / nearly RMB500M

Aug 17–21 · Pre-A+

Pre-A+

Cross-platform, edge-deployed world-action models for robot control

Aug 17–21

BluePoint TouchSeveral hundred million RMB

Aug 17–21 · Series D

Series D

Six-axis force and joint-torque sensors for humanoids and industrial robots

Aug 17–21

ManiformerSeveral hundred million RMB

Aug 17–21 · New financing

New financing

Physical-AI data collection, governance and closed-loop evaluation infrastructure

Aug 17–21

CyboPalSeveral hundred million RMB

Aug 17–21 · Series A

Series A

Desktop robotic terminals and embodied human-interaction models

Aug 17–21

Terra Industries$18M extension / $52M seed total

Aug 17–21 · Seed extension

Seed extension

Autonomous defence systems spanning aerial, ground and maritime platforms

Date

Company

Type

Signal

Aug 17–21

DIGIT Robotics~$14M / RMB100M-class

Aug 17–21 · Pre-A strategic

Pre-A strategic

Bionic humanoids and the RoboEase orchestration platform

Aug 17–21

Oshen$5M

Aug 17–21 · Funding

Funding

Autonomous surface vessels for persistent ocean sensing and maritime security

Aug 17–21

Jaten RoboticsTens of millions RMB

Aug 17–21 · Strategic financing

Strategic financing

Material-handling mobile robots and embodied-intelligence mobility platforms

Aug 17–21

Yuanyong TechnologyTens of millions RMB

Aug 17–21 · Pre-A

Pre-A

3D-stacked edge-inference chips for robots, industrial control and AI devices

Aug 17–21

DefendEyeUndisclosed

Aug 17–21 · Financing

Financing

Autonomous AI drones designed for first-responder situational awareness

Aug 17–21

Free Kitchen LabUndisclosed

Aug 17–21 · Seed

Seed

Kitchen automation and robotic food-production systems

D-Fend Solutions

Motorola Solutions completed its acquisition of D-Fend Solutions for $1.5 billion.

Zipline

Uber made an undisclosed strategic investment in Zipline alongside a drone-delivery partnership. The companies are targeting one million daily deliveries by the end of 2029.

Mobil Robotics

CowinTech acquired a 10.7% stake in robot battery-pack specialist Mobil Robotics.

DomeCommand

Inturai Ventures agreed to acquire DomeCommand’s autonomous drone-swarm command-and-control IP for up to C$6.025 million (~$4.4 million).

Vectus Air Defense Systems

Swarmer became a founding investor in Vectus Air Defense Systems with a 20% stake.

Wrap Technologies

Wrap Technologies raised $12 million through a registered direct offering.

Odysight AI

Odysight.ai priced an $11 million public offering.

AMC Robotics

AMC Robotics received $1 million from warrant exercises, with up to approximately $1.1 million of additional proceeds possible.

Clobot

Clobot’s rights issue progressed through subscription at a final issue price of KRW20,600 per share. The offering targets approximately KRW113.2 billion (~$81 million).

Current Robotics

Current Robotics disclosed Seed, Angel and Pre-A financings totaling hundreds of millions of RMB. These are earlier rounds disclosed together, not new weekly financing events.

Ensuring Technology

Ensuring Technology disclosed three earlier financing rounds totaling more than RMB100 million (more than $14 million). These are recorded as a capital disclosure rather than counted as a new round.

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