AI Hardware Funding Heats Up as 431 Startups Emerge, with Shenzhen and Beijing Forming a Dual-Core Hub
A June 28 industry event in Beijing put China’s AI hardware sector back in focus as ITJuzi released a new report on startups founded since 2023. According to the report, 327 out of 431 companies in the sample have already raised funding, implying a financing rate of 75.9%, while 179 companies secured investment in the first half of 2026 alone. Embodied robotics remains the strongest capital magnet, but wearables such as smart rings, AI glasses, and sports-health devices are also gaining momentum. Speakers from ITJuzi, Shengzhi Technology, Ling Universe, Yuwei Capital, and Zhongbo Juli argued that the next phase of competition will center on fragmented interaction entry points, scenario-specific product design, and the ability to connect technology with commercialization. They also highlighted practical constraints including BOM control, model inference costs, high return rates for AI audio products, and the technical difficulty of moving from wake-word interaction toward proactive, context-aware human-device engagement on the edge while preserving privacy.







