MIFeng Technology Raises Hundreds of Millions in Funding Led by China Telecom

MIFeng Technology, a provider of one-stop physical AI data services, has completed a new financing round worth several hundred million yuan. The round was led by China Telecom, with participation from Zhangjiang Group, while existing investors including Sequoia China and Yuanqi Innovation made additional investments on top of their previous stakes. This investment reflects strong market confidence in the physical AI data service sector, where MIFeng has established itself as a key player with full-stack capabilities in data collection, data governance, and closed-loop evaluation.

The proceeds will be directed toward overcoming the industry's 'data desert' bottleneck and building a platform-based supply infrastructure for embodied intelligence data. The company plans to scale up production of its MEgo series of non-body-based data collection products, which are designed to capture physical interaction data at scale. By strengthening its data governance and closed-loop evaluation systems, MIFeng aims to ensure the quality and usability of the data it provides. Ultimately, the company seeks to accelerate the creation of tens of millions of hours of physical interaction data, reshaping the iteration paradigm for large models that understand the physical world and enabling the transition of embodied AI from laboratory research to large-scale industrial application.