AI² Robotics becomes the latest Chinese robotics unicorn looking to go public

A relatively new Chinese robotics startup, AI² Robotics, is considering going public in Hong Kong, after a recent funding round that doubled its valuation to nearly $3 billion in June. 

Some people with knowledge of the matter revealed Tuesday that AI² Robotics is currently in talks with an adviser for an initial public offering, expected to take place next year. 

The Shenzhen-based unicorn is only three years old, founded in early 2023. The CEO, Yandong Guo, had disclosed last September that the company aimed to go public within one or two years. 

AI² Robotics pursues IPO after a $736 million raise

AI² Robotics has not formally confirmed a filing for a Hong Kong listing. However, it’s worth noting that it conducted a joint-stock restructuring in April, which is usually seen as a structural precursor to public listings.

Two months after the reform, the company raised nearly 5 billion yuan ($736 million), pushing its valuation past 20 billion yuan (over $2.9 billion).

It builds wheeled humanoid robots, which it calls AlphaBot, paired with an in-house vision-language-action system named Alpha Brain, which Guo says is their “key advantage.”

… Continue reading the full article at the original source below.