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X Square

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A company specializing in innovation within artificial intelligence and robotics

Shenzhen, ChinaFounded 2023Robotics
Valuation $2.5–5B Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for X Square and the history behind them.

About X Square

Independent Variable Robot Technology (also known as X Square Robot) is a developer of general-purpose embodied intelligent large models, established in December 2023 and headquartered in Ningbo, China, with additional research and operational centers in Beijing, Shanghai, and Shenzhen. The company focuses on creating general-purpose robots with fine manipulation capabilities, utilizing an end-to-end model that processes real-world data from perception to action. The core team includes researchers from globally recognized AI and robotics labs, one of the original proponents of the Attention mechanism (a core component of Transformer models), the algorithm leader for one of China's first trillion-parameter large models, and entrepreneurs from the robotics hardware sector.

The firm's primary offering is its self-developed "GreatWall" operation large model series, specifically the WALL-A model, which enables robots to perform tasks with high precision and autonomy in complex environments without relying on traditional rule-based programming. This technology is integrated into their proprietary robot platforms, the Quantum 1 (Quanta X2) and Quantum 2, which are designed for soft-hardware co-evolution. These robots feature a high degree of freedom, including a five-fingered dexterous hand, and are built to be adaptable for various applications. The Quantum 2 model stands 172cm tall, weighs 95kg, and has a single-arm payload capacity of 6kg.

Independent Variable Robot Technology serves clients across multiple sectors, including scientific research, education, logistics, and home services. The business model appears to involve both the sale of its robotic hardware platforms and potentially customized development services for enterprise clients, supported by a software development kit (SDK) compatible with Python/C++ for secondary development. The company has secured significant funding to accelerate its development, including a Series A round led by Meituan Strategic Investment and Meituan Longzhu, and a Pre-A++ round led by Lightspeed China Partners and Legend Capital.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
Shenzhen, China
Employees
23
Open positions
None listed
Dealroom signal
58.9/100
Sector
Robotics, Core AI, Companion Robots, Business Robots, Spinout, Robotic Software, Verified Unicorns and $1B Exits, genAI Model Maker, AI Model Maker, ai model layer
Technology
Artificial Intelligence, Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jun 2026 — $2.8B CICC · Source Code Capital · Honor · CAS Investment Management ↗
SERIES AOther financing Jan 2026 $138M $550M Meituan · Alibaba Cloud · Wuxi Innovation Investment Group · Beijing Information Industry Development Fund ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

X Square website traffic

Latest recorded traffic for X Square is 20K monthly website visits, up 17.6% over the last three months. X Square's team grew 91.7% over the past year.

Latest monthly visits20K 3-month web change+17.6% 1-year team growth+91.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

39 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed8 investors entered at this stage

  • UnityVC
  • Delian Capital
  • Cornerstone Capital
  • Nanshan Zhanxin Investment
  • Qifu Capital
  • Legend Capital
  • Lightspeed
  • Shenqi Capital

Series A11 investors entered at this stage

  • Meituan
  • Alibaba Cloud
  • CAS Investment Management
  • INCE Capital
  • HongShan
  • CDB Capital
  • Lenovo Star
  • ByteDance
  • Wuxi Innovation Investment Group
  • Beijing Information Industry Development Fund
  • Shenzhen Capital Group

Series B and later17 investors entered at this stage

  • CICC
  • Source Code Capital
  • Honor
  • Yida Capital
  • China Mobile
  • Shenzhen Investment Holdings
  • CDB Technology
  • Jiangsu High-tech Investment Group
  • IDG Capital
  • Chery International
  • Hongyuan Electronics
  • Fortune Venture
  • Zhongbao Touzi
  • Shenzhen Zhongji Automation
  • China Mobile SDIC Innovation
  • Hefei Baohe District Pilot Venture Capital Fund
  • Chinese National Artificial Intelligence Industry Investment Fund

Other known investors3 additional known investors

  • Beihang University
  • Peking University
  • School of Economics and Management, Tsinghua University
Employees 23 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇨🇳 China54.5%
🇭🇰 Hong Kong18.2%
🇺🇸 United States18.2%
🇨🇭 Switzerland9.1%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about X Square on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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