Latest news with #RenGuowen
Bloomberg
3 days ago
- Business
- Bloomberg
EngineAI Targets $1 Billion Valuation: Co-founder Ren
Chinese startup EngineAI is planning a new round of financing later this year, targeting a $1 billion valuation as it seeks to join the global race to develop humanoid robots. Speaking with Bloomberg TV's Annabelle Droulers, Co-founder Ren Guowen discussed the latest capabilities of EngineAI's humanoid robots, current production progress, fundraising plans, and the impact of US-China tensions. (Source: Bloomberg)
Bloomberg
23-05-2025
- Business
- Bloomberg
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.
