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Chinese humanoid robot developer Galbot raises $300m at $3b valuation

Chinese humanoid robot startup Galbot on Friday announced the completion of a new funding round of over $300 million at a valuation of $3 billion, making it arguably the highest valued embodied intelligence startup in the country. The investment also marks the biggest single funding round in the embodied intelligence industry in China, according to investment bank Lighthouse Capital, which served as the exclusive financial adviser of the deal. China Mobile’s industry investment fund led the roun...

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