Magic Atom Completes New Round of 500 Million Yuan Financing and Launches 10 Billion Yuan Level Embodied AI Industry Fund

Magic Atom, an embodied intelligence company, has completed a new round of funding totaling 500 million yuan. Investors in this round include Sky Venture Capital Fund, Top Group, Jinyu Maowu, Suzhou Tiangong, Jiechuan Intelligence, Aisida, Liang Venture Capital, and others. Meanwhile, Magic Atom, together with Sky Venture Capital Fund and Liangxi District in Wuxi, has initiated a hundred-billion-level industrial fund. This fund will focus on key segments of the embodied intelligence industry chain, including algorithms, computing power, AI infrastructure, core robot components, new robot forms, as well as end-effector tools and specific application scenarios development. (Science and Technology Innovation Board Daily)

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