Autovariable Robotics Raises Nearly 2B Yuan Series B, Backed by China's Tech Giants

On April 20, 2026, Autovariable Robotics, a leading embodied AI company, announced the completion of a nearly 2 billion yuan (~$280 million) Series B financing round, co-led by Xiaomi Strategic Investment and Sequoia China. This milestone makes Autovariable the only embodied intelligence company in China to have received investment from all four major internet giants: ByteDance, Meituan, Alibaba, and Xiaomi, each leading at different funding stages. The company focuses on "decision intelligence" and continues building general-purpose brain capabilities in embodied AI. This round reflects the intense competition for top-tier embodied AI projects, where Series A rounds now regularly exceed 1 billion yuan - a threshold previously reserved for later stages.