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CHINA RENAISSANCE
wrote a column · Apr 2 13:46

StellarGraph secures another $2 billion in funding, leading the valuation in China's embodied intelligence sector, with Huaxing Capital serving as the exclusive financial advisor | Huaxing Deal

Follow the Huaxing Capital WeChat Official Account (ID: iChinaRenaissance) for more company information.
Following the completion in February 2026RMB 1 billion Series B financing, Starsea recently secured anotherRMB 2 billion Series B+ financing. This round of financing brought togetherIndustrial capital, leading long-term funds, state-backed fundsandTop private equity firmswith multiple top-tier forces, the lineup is unprecedented;Huaxing Capital continues to serve as the exclusive financial advisor.
As a leader in the embodied intelligence track, Starsea Map is committed to building an open-world embodied intelligence solution driven by 'whole machine + intelligence.' Empowered by a 'strongest brain' combining real data pathways and the world’s fastest world model, it accelerates the transition of embodied intelligence technology from developers to productivity, enhancing its 'best embodiment' designed for AI.
01 Shareholder Lineup: Backed by top-tier capital, multi-dimensional resource synergy builds industry barriers
This round of financing has brought together industry giants, primary and secondary long-term funds, national team funds, and top-tier PE institutions, forming an unprecedented lineup. The deep synergy of various forces is building a solid industrial barrier and providing strong resource support for Starsea Map.
Strategic positioning by industrial capital: Walden Technology, Lens Technology, SiliconCore Investment, TimesHero Capital, and Aero Engine Fund have made significant entries. As an important partner of Lens Technology, Starsea Map will deepen collaboration in hardware supply chains and large-scale production, accelerating product penetration across all scenarios.
Patient capital deployment: Long-term funds such as Xiuyuan Capital, Hongzhang Investment, and Yuhai Capital have strongly joined, showcasing firm confidence in the long-term value of the sector.
Authoritative endorsement by national team funds: Financial Street Capital, GoldPine Investment, Beijing Sci-Tech Innovation, and Guoyuan Equity have provided strong backing, affirming the company's technological roadmap and development direction, establishing its core position within the national AI strategy.
Top-tier PE firms make firm bets: Funds under CICC Capital, PwC Capital, Hongtai Fund, and GF Qianhe provide substantial financial support, leveraging their resources to help optimize operations, expand channels, and enhance commercialization efficiency.
02 Technical Strength: World models + VLA deep coupling drive innovations in embodied intelligence technology
The star chart alwaysWith the core goal of building a 'general-purpose embodied intelligence brain', it is believed that the Visual-Language-Action (VLA) model and the World Action Model (WAM) are co-originated and symbiotic, based on massive data from real open scenarios, deeply coupling intuitive cognition of the physical world with precise task execution to endow robots with general intelligence capable of understanding the world and manipulating everything.
The company, asthe global pioneer in the 'Fast-Slow Dual System' VLA model technology, continues to lead globally in the capabilities of basic embodied models. In August 2025, the open-source G0 VLA large model broke the then state-of-the-art; in January 2026, the company released the world's first out-of-the-box VLA model, G0 Plus; in February 2026, it open-sourced the G0 VLA model tailored for clothing folding scenarios, along with the lightweight deployable G0 Tiny model, continuously strengthening the technical foundation for scaled application of embodied intelligence. The upcoming G0.5 model will once again set a new global state-of-the-art record and be open-sourced, enabling robots' foundational models to possess true general-purpose deployment capabilities.
At the same time,Recently, the company has launched the world’s fastest world model, Fast-WAM. By making a groundbreaking reconstruction of the underlying architecture of the model, the world model can understand the world without relying on imagination, greatly improving its inference speed, laying a crucial foundation for embodied intelligence to transition from lab research to large-scale industrial applications.
Follow the Huaxing Capital WeChat Official Account (ID: iChinaRenaissance) for more company information. Following the completion in February 2026$100 million Series B round, StellarGraph recently secured another$200 million Series B+ round. This round of financing brought togetherIndustrial capital, leading long-term funds, and national team fundsandTop-tier private equity firmsand other top-tier forces, forming an unprecedented lineupHuaxing Capital continues to serve as the exclusive financial advisor. As a leader in the embodied intelligence sector, StellarGraph is committed to building an open-world embodied intelligence solution driven by 'whole machine + intelligence.' Empowered by the 'strongest brain'—real data pathways and the world’s fastest world model—it enhances the 'best entity' designed for AI, accelerating the transition of embodied intelligence technology from developers to productivity. 01 Shareholder Lineup: Backed by Top-Tier Capital, Multi-Dimensional Resource Synergy Builds Industry Moat This round of financing has brought together industry giants, primary and secondary long-term funds, state-backed funds, and top private equity firms, forming an unprecedented lineup. The deep collaboration among these forces is building a solid industrial moat and resource support for Starsea. • Strategic positioning by industrial capital: Walden Technology, Lens Technology, SiliconCore Investment, TimesHero Capital, and Aero Engine Fund have made significant investments. As an important partner of Lens Technology, Starsea will deepen cooperation in the hardware supply chain and large-scale production fields to accelerate product penetration across all scenarios. • Long-term patient capital deployment: ...
03 Data System: Building the world's largest open-scenario embodied dataset to drive the Scaling Law of the physical world
Xinghai Atlas persists in constructing a real-scenario embodied data engine, and the company’s open-sourced world’s first open-scenario embodied intelligence real-device dataset (GOD)redefines the standard for high-quality real-device data. Within one month of its release, it topped the global download rankings, widely recognized by the open-source community as the highest-quality embodied real-device dataset of 2025, with global downloads exceeding 600,000 times.
At the same time, moving along the pyramid of real data, Xinghai Chart is ahead of the industry in laying out an ontology-free data solution covering UMI data and human first-person perspective (Egocentric) data, building a solid embodied intelligence data pyramid. Currently, Xinghai Chart's data system has deeply empowered NVIDIA's EgoScale, Ant Group's Lingbot-VLA, and other world-class large-scale embodied models, becoming an indispensable underlying infrastructure in the industry.By 2026, Xinghai Chart will build the world's largest real-scenario embodied dataset, continuously driving the evolution of foundational embodied models with millions of hours of real-world scenario data.
Follow the Huaxing Capital WeChat Official Account (ID: iChinaRenaissance) for more company information. Following the completion in February 2026$100 million Series B round, StellarGraph recently secured another$200 million Series B+ round. This round of financing brought togetherIndustrial capital, leading long-term funds, and national team fundsandTop-tier private equity firmsand other top-tier forces, forming an unprecedented lineupHuaxing Capital continues to serve as the exclusive financial advisor. As a leader in the embodied intelligence sector, StellarGraph is committed to building an open-world embodied intelligence solution driven by 'whole machine + intelligence.' Empowered by the 'strongest brain'—real data pathways and the world’s fastest world model—it enhances the 'best entity' designed for AI, accelerating the transition of embodied intelligence technology from developers to productivity. 01 Shareholder Lineup: Backed by Top-Tier Capital, Multi-Dimensional Resource Synergy Builds Industry Moat This round of financing has brought together industry giants, primary and secondary long-term funds, state-backed funds, and top private equity firms, forming an unprecedented lineup. The deep collaboration among these forces is building a solid industrial moat and resource support for Starsea. • Strategic positioning by industrial capital: Walden Technology, Lens Technology, SiliconCore Investment, TimesHero Capital, and Aero Engine Fund have made significant investments. As an important partner of Lens Technology, Starsea will deepen cooperation in the hardware supply chain and large-scale production fields to accelerate product penetration across all scenarios. • Long-term patient capital deployment: ...
04 Product Matrix: Born for intelligence, built for implementation, constructing an all-scenario product system
Xinghai Chart focuses on 'intelligence defining the essence' and revolves aroundwheeled dual-arm systems, dexterous manipulation, and full-body motion controlcontinuously iterating in these three areas to build a complete product system from core components, whole machine platforms, to development tools, making it one of the few universal platforms in the industry that can meet both top-level scientific research and industrial-grade engineering demands. As a benchmark for embodied intelligent hardware, the R1 series has been tested by Physical Intelligence, Stanford AI Lab, NVIDIA, and other top global developers, becoming a core foundation serving the world’s leading models; it is also the preferred productivity platform for top global automakers and first-tier logistics operators.
Beyond hardware, Xinghai Chart’s self-developed EDP Embodied Intelligence Development Platform achieves a full-process closed loop from data collection, labeling, to model deployment in real-world scenarios. By integrating one-stop post-training tools, the EDP works in deep synergy with foundational embodied models and robot systems, significantly lowering the R&D threshold and providing developers with an efficient path from prototype validation to scaled deployment.
Follow the Huaxing Capital WeChat Official Account (ID: iChinaRenaissance) for more company information. Following the completion in February 2026$100 million Series B round, StellarGraph recently secured another$200 million Series B+ round. This round of financing brought togetherIndustrial capital, leading long-term funds, and national team fundsandTop-tier private equity firmsand other top-tier forces, forming an unprecedented lineupHuaxing Capital continues to serve as the exclusive financial advisor. As a leader in the embodied intelligence sector, StellarGraph is committed to building an open-world embodied intelligence solution driven by 'whole machine + intelligence.' Empowered by the 'strongest brain'—real data pathways and the world’s fastest world model—it enhances the 'best entity' designed for AI, accelerating the transition of embodied intelligence technology from developers to productivity. 01 Shareholder Lineup: Backed by Top-Tier Capital, Multi-Dimensional Resource Synergy Builds Industry Moat This round of financing has brought together industry giants, primary and secondary long-term funds, state-backed funds, and top private equity firms, forming an unprecedented lineup. The deep collaboration among these forces is building a solid industrial moat and resource support for Starsea. • Strategic positioning by industrial capital: Walden Technology, Lens Technology, SiliconCore Investment, TimesHero Capital, and Aero Engine Fund have made significant investments. As an important partner of Lens Technology, Starsea will deepen cooperation in the hardware supply chain and large-scale production fields to accelerate product penetration across all scenarios. • Long-term patient capital deployment: ...
05 Commercial Implementation: From the developer's first choice to the productivity benchmark
Absolute leadership in the developer market:Hardware plus platform synergy firmly holds the top spot in global market share. In the field of wheeled dual-arm robots,Starsea Chart has established an absolute leading advantageBy 2025, the company's market share will rank first globally, with cumulative services provided to over 150 top global embodied intelligence developer partners, achieving a coverage rate of more than 90% among industry leaders.Through the deep integration of 'hardware platform defined for intelligence + EDP model development platform,' Starsea Chart has become the universal foundation for global embodied intelligence research and development.
Productivity market size is expanding rapidly:Starsea Chart focuses on five core vertical application scenarios: material handling and movement, grasping and placing, packaging, fabric folding, and equipment interconnection. It has successfully completed orders at the thousand-unit level and secured in-depth cooperation with leading enterprises in industrial handling, logistics sorting, and commercial display sectors. By 2026, with the full maturity of supply chain and scenario capabilities, Starsea Chart will officially scale up to ten-thousand-unit levels, setting a new benchmark for genuine productivity in embodied intelligence.
Follow the Huaxing Capital WeChat Official Account (ID: iChinaRenaissance) for more company information. Following the completion in February 2026$100 million Series B round, StellarGraph recently secured another$200 million Series B+ round. This round of financing brought togetherIndustrial capital, leading long-term funds, and national team fundsandTop-tier private equity firmsand other top-tier forces, forming an unprecedented lineupHuaxing Capital continues to serve as the exclusive financial advisor. As a leader in the embodied intelligence sector, StellarGraph is committed to building an open-world embodied intelligence solution driven by 'whole machine + intelligence.' Empowered by the 'strongest brain'—real data pathways and the world’s fastest world model—it enhances the 'best entity' designed for AI, accelerating the transition of embodied intelligence technology from developers to productivity. 01 Shareholder Lineup: Backed by Top-Tier Capital, Multi-Dimensional Resource Synergy Builds Industry Moat This round of financing has brought together industry giants, primary and secondary long-term funds, state-backed funds, and top private equity firms, forming an unprecedented lineup. The deep collaboration among these forces is building a solid industrial moat and resource support for Starsea. • Strategic positioning by industrial capital: Walden Technology, Lens Technology, SiliconCore Investment, TimesHero Capital, and Aero Engine Fund have made significant investments. As an important partner of Lens Technology, Starsea will deepen cooperation in the hardware supply chain and large-scale production fields to accelerate product penetration across all scenarios. • Long-term patient capital deployment: ...
06 Ecosystem Strategy: Focusing on data technology and downstream application scenarios, building an open and win-win industrial ecosystem
Starsea Chart adheres to the development philosophy of openness and mutual benefit, continuously building its ecosystem around data technology and application scenarios. Currently, the company has invested in nearly 10 enterprises, all of which are the most outstanding teams of engineers and scientists in the embodied intelligence industry, with the majority being initial investments, covering various data collection methods such as UMI, POV, full-body exoskeletons, and core application scenarios including retail, logistics, and home environments. The company will continue to empower upstream and downstream players in the industrial chain through comprehensive data and scenario integration, fostering an open and win-win embodied intelligence industrial ecosystem.
The funds from this round will fully support the intensification of foundational model R&D and global ecosystem strategy, driving Starsea Chart’s real data-driven VLA and world model to maintain comprehensive leadership while transitioning from 'developer-first' to 'productivity benchmark' in a leapfrog evolution, accelerating the large-scale commercial implementation of embodied intelligence in the physical world.
Qin Chuan, Business Partner of Huaxing Capital's Investment Banking DivisionThey stated, 'Congratulations to Starsea Chart on completing a new round of financing! This round has garnered strong support from nearly 20 shareholders, marking further recognition of Starsea Chart by both the industry and the capital markets. Starsea Chart has successively achieved key breakthroughs in cutting-edge technology directions such as world models, demonstrating the company’s consistent R&D focus and robust technical strength. Starsea Chart consistently emphasizes real-scenario data collection, advancing the iterative development of embodied models and intelligent platforms, actively embracing the ecosystem, and collaborating with a wide range of productivity developers, establishing its sustained leadership position in the embodied intelligence track. As a long-term partner accompanying Starsea Chart’s growth, Huaxing Capital looks forward to Starsea Chart continuing to innovate, further leading technological transformations, injecting stronger momentum into the global intelligent productivity upgrade, and propelling the industry towards a new phase of development!'
Disclaimer: This article is authorized for republication by Starsea Chart and is intended solely for readers’ reference. It should not be considered a research report on any securities in any jurisdiction, nor does it constitute an invitation or guarantee to buy, sell, or subscribe to securities or other financial instruments or products. Readers should not rely solely on this article but make investment decisions based on their own judgment and seek professional advice before making any investment actions. Huaxing Capital makes no representations or warranties regarding the content of this article and assumes no responsibility for any consequences arising from its use, misuse, reliance, distribution, or possession.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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