In the past two years, the embodied intelligence and humanoid robot sectors have experienced rapid growth, with the valuations of a number of startups soaring.
According to statistics from China Mobile Robot Industry Alliance (CMRA) and Humanoid Robot Application Scenario Alliance (HRAA), as of January 2026, there are over 30 unicorn companies (valued at over $1 billion and established less than ten years) in this field globally, with over 13 of them exceeding 10 billion yuan in valuation.
Looking at these companies, China and the US are roughly equal in number. However, US companies significantly lead in valuation: Figure AI, Skild AI, and Apptronik are all valued at over 30 billion yuan, with Figure reaching approximately 278 billion yuan, far exceeding the second tier.
In China, although there are more embodied intelligence startups and a higher development density, current valuations are mainly concentrated between 10 billion and 20 billion yuan, with representative companies including GALBOT, AGiBOT, and Unitree.
