Sweet Potato Robotics has officially announced the completion of its Series C funding round, successfully raising a total of $400 million. This latest capital injection was spearheaded by Mirae Asset, a globally recognized investment institution, which took the lead in this financing round.
The funding saw participation from a diverse group of investors, including strategic investment from Meituan. Government-backed investment platforms such as Hefei Guotou, Nanshan Zhanxin Investment, and Jingquan Capital also joined the round. Furthermore, a host of prominent first-tier investment firms participated, including Cathay Capital, Huamei International Investment Group, GF Xinde, Chaoyue Moore, and the Xingchuang Phase II fund managed by Qihang Investment. Existing shareholders, including Hillhouse Ventures, FiveYuan Capital, Linear Capital, and Huangpu River Capital, demonstrated their continued confidence by increasing their stakes in the company.
The primary objectives for the newly acquired capital are to enhance the product portfolio across all computing power segments for its Xuri chip series and to construct a comprehensive, full-chain software platform. This platform is designed to integrate data collection, model training, simulation verification, and inference deployment. By establishing this software-hardware integrated embodied intelligence infrastructure, the company aims to address development needs across the entire spectrum, from mature product categories to general-purpose humanoid robots, thereby fueling the impending explosion in the robotics sector.
In terms of business performance, Sweet Potato Robotics has reported remarkable growth. In the first half of 2026, the company's revenue saw a multi-fold increase compared to the same period last year. Additionally, cumulative shipments of the Xuri series chips have surpassed the 8 million unit milestone, marking a significant transition for its embodied intelligence business into a phase of mass-scale, high-volume production.
Comments