Physical AI startup Xirang Kaiwu raises seed round at $500M valuation
What's the deal? Chinese Physical AI startup Xirang KaiwuDealroom has a profile for this one. Try Dealroom → has raised several hundred million yuan across consecutive seed and angel rounds, valuing the company at $500 million. Dunhong AssetDealroom has a profile for this one. Try Dealroom → led the round, with participation from Huakong FundDealroom has a profile for this one. Try Dealroom →, Sanhua Holding, Yinxinggu CapitalDealroom has a profile for this one. Try Dealroom →, Zeran CapitalDealroom has a profile for this one. Try Dealroom →, Benjian Fund, Shanghai Angel Association, and Biaopu Investment.
What's the endgame? The company develops a physical foundation model called LPM, aimed at robotics and other physical intelligence scenarios.
Why now? Xirang Kaiwu was founded only in July 2026, giving it a rapid path from launch to a nine-figure valuation. The consecutive rounds suggest strong early investor demand for Physical AI plays.
Who's building it? Founder Li Yin previously served as chief technology officer for Huawei CloudDealroom has a profile for this one. Try Dealroom →'s large model unit. Zhang Hanwang, currently HuaweiDealroom has a profile for this one. Try Dealroom →'s chief scientist for multimodal work, will join as co-founder and chief scientist.
The signal: Physical AI — models that connect machine learning to the physical world — is drawing capital as investors bet on robotics moving from software to embodied systems. Xirang Kaiwu's founding team, drawn from Huawei's model and multimodal groups, reflects how senior technical talent is spinning out to chase that shift.
Image credit: Office of Naval Research
