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Unitree Robotics

Unitree Robotics, legally Hangzhou Yushu Technology Co., Ltd., was founded in May 2016 by Wang Xingxing in Hangzhou, China. The company rose to prominence by aggressively driving down the price of capable quadruped robots (Go1, Go2, B1, B2) and more recently launched affordable humanoids, including the H1/H1-2 and the G1 (introduced May 2024 at $16,000 USD). Unitree's product line also spans robotic arms, dexterous hands, 4D LiDAR, and motor/joint components sold into the broader robotics industry. Unitree disclosed revenue exceeding 1 billion yuan (~$137M USD) in 2024 and employs approximately 1,000 people. The company raised a Series C of roughly 700 million RMB in June 2025 at a $1.7B valuation, co-led by funds under China Mobile with Tencent, Alibaba, Ant Group, Jinqiu, and Geely Capital participating. Prior investors include Meituan (Series B lead), HongShan (formerly Sequoia China), and Matrix Partners China. Unitree received approval in 2026 for a Shanghai STAR Board IPO expected to raise approximately CNY 4.2B (US$610M). At filing the company was reportedly targeting a valuation near US$7B, making it one of the largest humanoid robotics public offerings globally.
Unitree is the clearest signal that the Chinese robotics stack is production-ready, distributed, and orders of magnitude cheaper than Western competitors — and its IPO will be the sector's first major liquidity event.
unitree.com Quadruped + HumanoidChina flagChinaprivate

At a glance

Total raised
$240M
last round series c
Headcount
501-1000
approximate · public range
Headquarters
Hangzhou
China flagChina
Founded
2016
10 years active
Status
Private
Quadruped + Humanoid
Latest valuation
$1.7B
Series C · 2025
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