EngineAI Targets $1 Billion Valuation as Chinese Robots Heat Up
EngineAI is targeting a round of financing later this year at a $1 billion valuation, seeking capital to join a global race to develop humanoid robots.
The Chinese startup is hoping to raise 1 billion yuan ($139 million) around the fourth quarter, co-founder Ren Guowen told Bloomberg News. It aims to become a unicorn through that funding, he said.
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