D-Robotics Completes $400M Series C, Its Third Round in a Year

Chinese embodied AI company D-Robotics announced it has completed a $400 million Series C funding round. Mirae Asset led the round, while Meituan Strategic Investment, Hefei State Investment, and Nanshan Strategic Emerging Investment joined as co-investors. Existing backers Hillhouse Venture Capital and 5Y Capital also increased their commitments.

The deal marks D-Robotics' third financing in roughly a year, underscoring sustained investor interest in embodied intelligence despite broader market caution. The company has not disclosed the specific allocation of proceeds or its future development plans. China Business Journal contacted D-Robotics for comment, but the company had not responded as of publication.

The article also labels the company a 'shovel seller,' a reference to providing underlying tools or platforms rather than end-user robots. That positioning may help it attract capital as the industry seeks infrastructure players. Still, details on commercialization, revenue, and next milestones remain unclear. The lack of immediate comment leaves key questions about the company's trajectory unanswered.