Ant Group Leads Multi-Million Investment in Embodied AI Robot Firm

On August 11, 21st Century Business Herald reported that Damon Robot, an embodied AI startup, has completed a funding round of several hundred million yuan, led by Ant Group with significant follow-on investment from existing shareholders.

This marks Ant Group's latest investment in the embodied intelligence field, following earlier stakes in companies such as Guanglun Intelligent, Xinghai Tu, Xingchen Intelligent, and Lexiang Technology. The move underscores Ant's strategic focus on integrating AI with physical robotics, aiming to advance robots from basic locomotion to sophisticated manipulation skills.