The humanoid robotics industry is experiencing an unprecedented funding surge in 2024. On November 18, two major investments, amounting to over 6 billion yuan, were announced, marking another milestone for the sector.
Galbot: Secures an Additional 5 Billion Yuan, Raising Over 12 Billion in 18 Months
On November 18, Galbot announced the completion of a strategic funding round worth 5 billion yuan.
Founded in May 2023, Galbot has achieved remarkable success, raising over 12 billion yuan in just 18 months. In June of this year, the company secured more than 7 billion yuan in an angel round, earning the title of “China’s Largest Angel Round of the Year.” During the same month, the company unveiled its first robot, Galbot G1, a versatile, wheeled, dual-arm embodied robot.
The Galbot G1 is equipped with a cutting-edge multimodal large model capable of perceiving complex environments and understanding user commands. Its globally pioneering crossmaterial and crossshape generalization grasping technology achieves a success rate exceeding 95%. The G1 also excels in executing challenging generalized tasks such as opening cabinets, pulling drawers, and hanging clothes. These capabilities provide practical solutions for manufacturing, logistics, and education industries. The robot has already established strategic collaborations with several enterprises and institutions.
The company’s founder, Dr. Wang He, holds a bachelor’s degree in electronics from Tsinghua University and a Ph.D. in computer science from Stanford University. He is an assistant professor and Ph.D. supervisor at Peking University’s Center for Frontier Computing Research. Dr. Wang also leads the Peking University Galbot Embodied Intelligence Joint Laboratory and is the head of the Embodied Large Models Division at the Beijing Academy of Artificial Intelligence. His EPIC Lab (Embodied Perception and Interaction Computing Lab) at Peking University focuses on cutting-edge areas such as multimodal embodied intelligence, autonomous driving, and 3D visual perception, emphasising robotic perception and interaction in complex 3D environments.
Daimon Robotics: Completes Two Consecutive Angel+ Rounds of Funding
Daimon Robotics recently announced the successful completion of two consecutive angel+ funding rounds, each worth hundreds of millions of yuan. The newly secured funds will primarily support the development of optical tactile sensors, dexterous tactile hands, and multimodal sensory manipulation models with tactile capabilities.
Daimon Robotics commenced operations in August 2023 and was cofounded by Prof. Wang Yu, founding dean of the Robotics Institute at Hong Kong University of Science and Technology, and Dr. Duan Jianghua. The company focuses on the development of optical tactile sensors that enable robotic fingertips to accurately perceive multimodal tactile information, including 3D force, motion, and slip detection.
The team at Daimon Robotics has grown to over 30 members, with R&D personnel accounting for more than 80%. The company is recognized as a global leader in multi-modal tactile embodied intelligence, having developed the world’s only “millimeter thin” vision-based tactile sensor with independent intellectual property rights and mass production capabilities. This breakthrough reduces the sensor thickness from centimeters to millimetres while maintaining high resolution, allowing robotic fingertips to accurately sense 3D forces, textures, softness, and more.
Conclusion: The Rising Star of Humanoid Robotics in Capital Markets
Despite a challenging capital environment in 2024, humanoid robotics continues to attract significant investment. According to incomplete statistics, China witnessed over 33 financing events in the humanoid robotics sector during the first three quarters of 2024, with a total amount exceeding 2.74 billion yuan. Globally, there were over 46 financing events, raising a total of $1.14 billion.
The data reflects robust growth in investment activity within the humanoid robotics sector. As technology advances and market demand grows, the funding momentum is expected to continue, providing substantial financial support to drive the development and deployment of humanoid robots across diverse application scenarios.
