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Issue #003 · Friday, 6 March 2026

#3: Galaxea AI leads this week's China funding (27 Feb–6 Mar)

China Funding Weekly — Issue #003

Issue #003  ·  27 Feb–6 Mar 2026

China Funding Weekly

🇨🇳

20

Rounds tracked

$3.8B

Total disclosed

ai

Top sector

This week's signal

**China's AI and robotics sectors dominated this week, capturing over 85% of disclosed capital across 14 of 20 rounds** — with AI alone accounting for roughly $3B when including Momenta's Hong Kong IPO, signaling that late-stage conviction in foundation models and embodied intelligence remains exceptionally strong despite global macro headwinds. Geographic data is sparse, but the few disclosed locations cluster around Shenzhen (robotics hardware in Pasini) and Beijing (semiconductors in Huafeng), with Hefei's appearance in energy suggesting provincial capitals are quietly building niche deep-tech pipelines outside the traditional tier-one hubs. Round sizing skews decisively toward Series B, which dominates by deal count and is supercharged by Galaxea AI's $1.45B outlier — a figure that would rank among the largest single private AI rounds globally this year and warrants scrutiny over whether it reflects genuine institutional pricing or strategic/government-adjacent capital inflating valuations. **The pattern worth tracking is the robotics-AI convergence at growth stage**: Robot Era, Pasini, and RoboCT all closed simultaneously, and

Top Rounds This Week

Galaxea AI 星海图

$1.4B

Series B ai

The staggering scale of this raise—over $1.4 billion at Series B—points to a Chinese market where humanoid robotics and embodied AI are attracting sovereign-scale capital well before the technology reaches commercial maturity, compressing a timeline that Western markets are treating as a decade-long build. European founders working in industrial automation, robotics software, or edge AI should note that Chinese competitors are now being resourced at a level that will accelerate hardware-software integration and drive down unit economics faster than most Western roadmaps anticipate.

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Linkerbot

$217M

Series B

The sheer scale of a $217M Series B in an undisclosed sector points to Chinese investors doubling down on a company with clear traction, likely in AI, robotics, or industrial automation — the verticals currently attracting outsized late-stage bets in China. European founders should watch for what Linkerbot reveals about its core product, as Chinese B2B platforms at this funding level often signal category-defining plays that will eventually pressure Western incumbents or spawn copycat opportunities.

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PaXini Tech 帕西尼感知科技

$150M

Series B airobotics

A $150M Series B in embodied perception signals that Chinese capital is doubling down on the sensory and cognitive layer of robotics — the hard hardware-software integration problem that determines whether autonomous systems actually work in unstructured real-world environments. European deep-tech founders building in industrial automation, human-robot interaction, or edge AI should watch this space closely, as Chinese firms are moving fast to own the full stack from perception to action, raising the competitive bar for anyone targeting global manufacturing and logistics markets.

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Robot Era

$145M

Strategic roboticsai

The involvement of Samsung and Singtel as lead investors signals that Asian industrial giants are placing early, large bets on embodied AI as the next hardware platform shift — prioritizing Chinese university-linked research pipelines over building in-house. European founders in robotics or physical AI should note that Tsinghua's equity stake reflects a structural advantage in China's innovation model that accelerates commercialization timelines in ways that EU academic-industry partnerships rarely match.

Investors: Samsung, Singtel

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Pasini Perception Technology 帕西尼感知科技

$145M

Series B roboticsai 📍 Shenzhen

China's robotics sector is consolidating around "embodied AI" as a distinct investment category, with billion-yuan Series B rounds signaling that domestic capital views hardware-integrated intelligence as the next infrastructure layer—not a niche bet. European founders building at the intersection of physical robotics and AI should watch Shenzhen closely, as the manufacturing ecosystem enabling these companies creates both a competitive benchmark and a potential supply-chain partnership opportunity.

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All Rounds This Week

Company Stage Sector Amount
Pasini Perception Technology Shenzhen Series B robotics $145M
Karl Power Series B $100M
Kaleido Series B ai $100M
XREAL Strategic ai $60M
Jimeiruisheng Series C biotech $51M
VAST Series A ai $50M
VAST Series A ai $50M
LightSail Tech Seed ai $43M
Huafeng Integrated Circuits Beijing Series A ai $43M
LightSail Technology Seed $43M
Rona Therapeutics Series A biotech $33M
Atome Strategic fintech $31M
Shengshui Tech Series A energy $14M
RoboCT Series B robotics $14M
Mushui Technology Hefei Series A energy $14M

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