Unitree Robotics, also known as YuShu Technology Co., raised Series C funding, bringing its valuation to around $1.7 billion USD.
The China-based company has seen significant growth since its inception in 2016, now employing over 1,000 people and achieving $140 million in annual revenue.
Unitree focuses on developing affordable robots, with products like the G1 humanoid and the Go-2-W quadruped robot with wheels for diverse terrains.
Investors in Unitree's funding round include China Mobile's fund, Tencent, Alibaba, and others, aiming to expand production and target consumer markets.