Astribot Raises $150 Million at $2.2 Billion Valuation

Astribot Raises $150 Million at $2.2 Billion Valuation

The humanoid robot developer plans to expand production and improve its embodied AI models after completing its fourth financing round since March.

SHENZHEN, China -- Astribot, the Chinese maker of cable-driven humanoid robots, has raised 1 billion yuan (about $150 million) in new financing, bringing its valuation to 15 billion yuan.

The company, formally known as Stardust Intelligence, announced the financing Oct. 13 (Chinese-language report). The round was led by Toukong Donghai, an investment firm affiliated with the state-owned Shenzhen Investment Holdings.

Other participants included Hongtai Fund, the Ninghai Xingtaihe Fund managed by Guanghua Sunshine, and Shanheng Capital. Existing investor Xianmu also contributed.

Astribot said It will use the funds to enhance its AI models, hire engineers and product staff, scale production capacity and accelerate commercialization. It did not disclose the precise closing date or the financing round's formal designation.

This is Astribot's fourth financing in roughly six months, after completing Series A+, A++ and B rounds since March.

Astribot develops humanoid robots using cable-driven actuation, in which cables translates force to move joints by way of cables. The approach differs from the traditional rigid transmissions.

The company combines this hardware with its proprietary embodied AI models. Its development strategy is based on the integrated design of the robot's mechanical structure and control software together rather than treating the hardware as a separate platform.

Astribot launched its Lumo-2 foundation model in July 2026, which is intended for household robotic manipulation. The model is part of its effort to develop systems that learn physical tasks rather than rely entirely on individually programmed movements.

The company also began shipping its newer T1 humanoid robot in June, according to Chinese media reports. Its robots are intended for applications including retail, industrial operations, education and research.
Astribot reports thousands of orders but declined to disclose revenue, delivery totals, or how many units are in commercial use.