The embodied intelligence field welcomes heavyweight players. On March 26th, the embodied intelligence startup company TARS announced the completion of an angel round of $120 million in funding, embarking on a new journey of embodied intelligence entrepreneurship. This round of financing is jointly led by Lanchi Venture Capital and Qiming Venture Capital, with participation from Linear Capital, Hengxu Capital, Hongtai Fund, Lenovo Venture Capital, Xianghe Capital, and Hillhouse Venture Capital. Shi Zhihang has set a record for the largest angel round financing amount in China's embodied intelligence industry. This round of financing will mainly be used for the company's product and technology research and development, model training, scenario expansion, and other directions. Dr. Chen Yilun, founder and CEO of Shi Zhihang, said, "Shi Zhihang's mission is to build a reliable super embodied intelligent system with physical world AI and general robot technology as the core, allowing high-performance AI to be integrated into the production and life of human society on a large scale." Chen Yilun predicts that embodied intelligence will become a key engine for global industrial upgrading in the next decade. It will continue to break through the intelligent boundaries of the physical world and explore the infinite potential of embodied intelligence. Shizhihang was officially established on February 5, 2025, and is a unique company in the industry that possesses both embodied intelligent large model capabilities, ontology research and development capabilities, and software and hardware integrated product mass production capabilities. In terms of technological roadmap, Shi Zhihang has created a new paradigm for the development of embodied intelligence technology and pioneered the Human Centric embodied data engine in the industry, which can achieve a breakthrough in the ability to obtain real-world embodied data. This will inject strong driving force into the sustainable development of AI in the physical world. At the same time, Shi Zhihang is also pioneering an integrated embodied large model for spatial perception and reasoning decision-making in the industry, accelerating the GPT moment of embodied intelligence technology development by creating a data-driven and generalizable universal physical world intelligent system. In terms of team, the founder team of Shi Zhihang is known as the "luxury dream team combination" in the industry and is currently the "strongest AI full stack capability team" in the field of embodied intelligence. Dr. Chen Yilun, CEO of Shi Zhihang, is a leader in the technology and industry of embodied intelligence and autonomous driving in China. He has served as the Chief Scientist of Intelligent Robotics at Tsinghua University's Intelligent Industry Research Institute, CTO of Huawei's autonomous driving, and Chief Engineer of DJI's machine vision. Dr. Ding Wenchao, the Chief Scientist and former "genius youth" of Huawei, is a young scientist in the field of embodied intelligence and a researcher at the Robotics Research Institute of Fudan University. He has led Huawei's intelligent driving end-to-end decision-making network from scratch and created Fudan University's first humanoid robot. Chief Architect Chen Tongqing is a Ph.D. from Tsinghua University, Chief Scientist of National Major Projects, former Director of ADS Intelligent Navigation Department, Chief Technology Expert of Space Perception, and deeply involved in industrial manufacturing AI、 Industries such as autonomous driving and robotics have led to the successful commercialization of multiple products. Chief Strategy Officer Vincent, an expert in multimodal learning and a continuous entrepreneur, has led multiple startup companies to achieve leapfrog development. He has served as the head of key technology positions at Huawei and Baidu, possessing strong strategic vision and technical commercialization capabilities. Li Zhenyu, the chairman of Baidu Intelligent Driving Business Group, was the president of Baidu Intelligent Driving Business Group. He took the lead in building the Apollo open platform for automatic driving and the world's largest unmanned driving travel service platform "Apollo Go", which is a leader in China's unmanned driving. The founder team of Shi Zhihang will combine their rich experience in successfully building star level AI product technology in the past, lead the company to focus on creating personalized intelligent innovative technology products, and inject new vitality into the development of the industry. The angel round investors of Shi Zhihang are all top investment institutions in the industry, who possess industry insights and empowerment capabilities. The strategic vision of these institutions ensures that Shi Zhihang receives the support of top industry resources in the angel round. According to Zhu Tianyu, Managing Partner of Lanchi Venture Capital, "Lanchi Venture Capital has made a long-term systematic layout in the embodied intelligence track and has become the first investor in multiple unicorns. This firm belief comes from our belief in China's comparative advantages - when the first driving force of growth changes, China's advantages in supply chain, talent, and scenarios will be enhanced. We believe that Chinese enterprises will create world-class technology products and services. Shi Zhihang is a team with strong AI full stack capabilities in the market: the team has the world's top world model construction ability and the engineering landing ability of ultra large and complex systems; the company has deep technical accumulation in robot body design and motion control algorithms, and has the ability to deliver software and hardware in one; At the same time, the company has a deep insight into the pain points of the target industry, can accurately anchor high-value application scenarios, and deliver complete solutions. It is not just a 'robot company', but also an 'industry scenario solution company'. We look forward to it driving new development in the industry Zhou Zhifeng, Managing Partner of Qiming Venture Capital, stated that "Qiming Venture Capital has been systematically laying out in the fields of artificial intelligence, robotics, and autonomous driving since 10 years ago. We have accompanied the growth of enterprises in these fields and witnessed the gradual integration of artificial intelligence technology and the physical world, as well as the continuous breakthroughs in algorithms and hardware ontology at the forefront of the industry. China has strong research and development capabilities in the field of artificial intelligence, abundant talent, and has the world's most complete hardware ecosystem, rich landing scenarios, and huge market potential. Therefore, there is a great opportunity to cultivate embodied intelligence and robotics enterprises with strong competitiveness in the global market and the ability to lead industry development. Engaging in entrepreneurship in this field requires not only a profound insight into the development trends of cutting-edge technologies, but also rich experience in engineering, productization, and mass production. We believe that Shi Zhihang is one of the few excellent teams in the industry with complete capabilities Li Zhenyu, founder and chairman of Shi Zhihang, stated that "relying on a mature intelligent hardware industry chain foundation, continuously upgrading artificial intelligence technology reserves, and a rich application scenario and top talent resource matrix, the embodied intelligence field is in a high-speed development stage. Thank you for the trust and support of investors. The Shi Zhihang team will always maintain its entrepreneurial intention, respect the basic laws of entrepreneurship, and look forward to working together with global embodied intelligence enterprises to accelerate key core technology research and development, and promote sustainable development of the embodied intelligence industry." Currently, the core team of Shi Zhihang has been formed, and employees have officially settled in the Shanghai office area. The company is conducting intensive recruitment for research and development positions, selecting candidates with a fighting spirit, ultimate pursuit of technology and products, and development potential. (New Society)