NextFin News — Chinese artificial intelligence company Morphi officially announced Tuesday the completion of its Angel funding series, securing over 1 billion yuan ($137.6 million) to expand its research infrastructure and scale its humanoid robotics development.
The massive early-stage capitalization round was co-led by technology companies Alibaba and Tencent, with joint participation from Photosynthesis Venture Capital and more than ten other domestic venture firms. Following the close of this series, Morphi’s post-money valuation surpassed 7.0 billion yuan ($963 million), establishing a historical record for the largest publicly disclosed opening financing round within China's domestic embodied artificial intelligence sector. The company will utilize the incoming capital to expand its core technical talent pool and accelerate the end-to-end training of its proprietary physical foundation models.
Capital allocators on the Chinese mainland are rapidly consolidating funds around hardware-software integrated intelligence as software-only large language models face flattening commercial yields. Unlike traditional industrial automation, embodied artificial intelligence requires massive upfront capital to fund the synchronized development of physical robotics hardware, spatial perception algorithms, and real-world data collection networks. For sovereign wealth administrators and specialized technology funds tracking advanced automation, this record-breaking round signals a transition where institutional backing is shifting toward full-stack hardware developers capable of deploying physical, adaptive machine networks into industrial supply chains.
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