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Galaxy Genera
2026-09-11 07:29:12

Galbot parent Galaxy General raised about RMB 7 billion in 34 months as funding pace tests its commercial case

Galaxy General, a Chinese embodied AI and robotics company founded in May 2023 by Peking University researcher Wang He, has raised about RMB 7 billion across six rounds in 34 months, with its valuation surpassing RMB 20 billion, according to the source article. The company has become the most heavily financed player in China’s embodied intelligence sector. The report says Galaxy General built its strategy around a “heavy brain, light body” approach, centering on its self-developed AstraBrain embodied foundation model while using mature hardware platforms from partners such as Unitree. Its disclosed product line includes the industrial Galbot S1, the service-focused Galbot G1, and the household biped robot ET1. The company has also expanded into factory, retail, pharmacy and medical settings, while signing a global strategic cooperation agreement with Ningjia Service, a CATL affiliate. Its investor base has shifted over time. Early market-driven venture capital firms were followed by state-backed funds, industrial investors and national-level capital. The article argues that this transition has given the company stronger backing and access to deployment scenarios, but it has also raised questions about governance, valuation logic and whether investment-led orders can translate into durable revenue. Industry criticism surfaced on Sept. 10, 2026, and Galaxy General later issued a statement defending what it described as real R&D, real scenarios and a real commercial closed loop.

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Galbot parent Galaxy General raised about RMB 7 billion in 34 months as funding pace tests its commercial case
Apple foldabl
2026-09-11 02:53:08

Apple foldable phone puts Lingyi iTech in focus, but margin pressure remains

Lingyi iTech drew renewed market attention after Apple unveiled its first foldable phone, with the company identified as a supplier of three critical components: hinge precision structural parts, screen support plates and ultra-thin vapor chambers. The story has put a spotlight on a manufacturer that started in die-cutting, spent years building out stamping, CNC, injection molding and metal injection molding capabilities, and now positions itself as a broad precision-components platform across consumer electronics, liquid cooling and robotics. Yet the company’s financial profile shows the other side of the business. Revenue has continued to expand, but gross margin has trended lower, customer concentration has risen and exchange-rate swings have cut into earnings. The article notes that Lingyi’s top five customers accounted for 57.5% of revenue, with Apple alone contributing 19.2%, while first-half overseas revenue reached 68% and foreign-exchange losses swung sharply. Investors are now weighing whether new projects can offset those pressures. The next growth pillars discussed in the source are foldables, liquid cooling for AI servers and robotics. Analysts cited in the original piece see upside in higher content per device, NVIDIA-certified liquid-cooling capacity and growing order books, while skeptics point to valuation, execution risk, yield ramp-up and ongoing dependence on large customers.

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Apple foldable phone puts Lingyi iTech in focus, but margin pressure remains
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