Chinese robotics startup Galaxea AI raises $290M at $29 billion valuation

Galaxea AI, a Chinese robotics startup, has secured $290 million in Series B+ funding, achieving a $29 billion valuation that ranks among the largest in the global robotics sector. The massive financing round reflects intensifying investor appetite for advanced robotics capabilities amid automation acceleration across manufacturing and logistics. The Beijing-based company specializes in AI-powered industrial robots with advanced perception and manipulation capabilities. The valuation places Galaxea in competition with established Western robotics firms and signals China's continued ascendancy in hardware-focused AI applications. The funding comes as geopolitical tensions increasingly shape robotics investment patterns, with major rounds concentrating in domestic markets for Chinese and American companies respectively.