Insight
Embodied AI
Humanoid Robot
D-Robotics' $400 Million Series C: What 8 Million Chips Say About the Robot Chip Business
On Sept. 17, D-Robotics said it raised $400 million in a Series C round led by Mirae Asset of South Korea, its third round this year. The company does not build robots. It sells the chips that go inside them. The announcement carried three numbers: $400 million raised, 8 million chips shipped to date, and coverage of more than 50% of customers in embodied AI. The three numbers describe the same business, yet they point in different directions. The announcement does not say which machines took those 8 million chips, or how the 50% was calculated. Article structure: - 1. $400 Million: A Third Round This Year, No Valuation Disclosed - 2. 8 Million Chips: Where They Went - 3. "Over 50% Coverage": One Metric, Three Versions - 4. Spun Out of Horizon Robotics: Engineering Lineage and Product Boundaries - 5. Conclusion: Revenue Structure and Three Metrics to Watch