Independent Variable Robotics
自变量机器人
Independent Variable Robotics (X Square Robot) is a Chinese embodied-intelligence startup founded in December 2023 by CEO Qian Wang, a Tsinghua University electronics department alumnus . The company focuses on developing general-purpose embodied foundation models, taking a fully end-to-end approach to build unified systems for perception, planning, and control . Its core product is the "Great Wall" manipulation model series, including WALL-A, which integrates multimodal sensory data, natural-language commands, and motion-control signals into end-to-end mappings; the model has demonstrated zero-shot generalization in unseen task scenarios . The company also develops its own robot hardware optimized for multimodal large-model control .
The startup has moved through funding at exceptional speed: Meituan led its Series A, Alibaba Cloud led its Series A+ (nearly 1 billion yuan), ByteDance led its A++, and Xiaomi's strategic investment arm led its Series B, with its valuation reportedly surpassing 20 billion yuan as of mid-2026 . Other backers include Unity Ventures, Sequoia China, and Beijing Robotics Industry Fund . Independent Variable Robotics has also been named among the first strategic customers for D-Robotics' Sunrise S600 embodied-AI compute platform . The company open-sourced its end-to-end embodied AI foundation model WALL-OSS in 2025 .
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Coverage
D-Robotics Closes $400 Million Series C Round as Linear Capital Doubles Down for the Seventh Consecutive Round | Linear Portfolio
Cumulative shipments of the Sunrise chip have surpassed 8 million units.
10 Q&As: A Deep Dive into the Divisions Surrounding Embodied Robots | Yunqi Capital X Crossing
The Battle for Data, the Battle for Intelligence, the Battle for Scenarios
Is OpenAI Astra a Crushing Blow to Embodied Models? Seven Takes from Two Roundtables
After Astra's Debut, Do Embodied AI Companies Still Have a Moat?
Talking Embodied Artificial Intelligence with Yu Chen: Embrace the Bubble, but Manufacturing Must Eventually Do the Math | Yunqi Capital Insights X Tencent Technology
The truly slow and expensive variable is data accumulated bit by bit by people in the real world.
10 Q&As: A Deep Dive into the Divides in Embodied Robotics — A Conversation with the Founders and Chief Scientists of Sudu Tech, Ant Group's Lingbo, Independent Variable Robotics, and Poke Robotics
Where does the data come from? How is the model built? Where does it get deployed?
When Embodied Artificial Intelligence Reaches a Crossroads: A Conversation with Sudu Tech, Ant Group's Lingbo, Independent Variable Robotics, and Poke Robotics — Four Frontline Perspectives
Vol.19 Scaling Isn't Just About Stacking Data: Three Embodied AI Founders on World Models, Talent, and Real-World Deployment
Selling Shovels in the Gold Rush, D-Robotics Aims to Become the "NVIDIA of Embodied AI" | Unity Ventures Portfolio
The "Intelligent Foundation" Behind Robots
Yunqi Capital Quarterly Q2 | In the Height of Summer, the Future Takes on More Concrete Shapes
A Quick Update on Yunqi Capital
WAIC After Hours: An AI Gathering Planned for 100 That Drew 300+
Yunqi Capital WAIC Recap | Four Days That Weren't Enough, and Where AI Is Headed Next
The future belongs to the doers.
Please find attached: Yunqi Capital's WAIC 2026 Roaming Guide
Browsing exhibitions by day, hitting up events by night.
Momenta Goes Public: A Decade Together, the First Physical AI Stock
Congratulations on Momenta's IPO — together toward a physical AI future
Unity Ventures Early Bet Momenta Files for Hong Kong IPO, Over a Dozen Portfolio Companies Announce Funding Rounds | Unity Ventures Summer Review
From Embodied Artificial Intelligence and world models to controlled nuclear fusion and quantum computing, the frontier of exploration knows no bounds.
Code Moment | Independent Variable Robotics Closes Four Consecutive Funding Rounds, Valuation Exceeds 20 Billion Yuan
Source Code Capital participated in SelfVariable's Series C round, another key move in its Embodied Artificial Intelligence ecosystem map.
Independent Variable Robotics Closes Four Rounds in Two Months, Valuation Tops 20 Billion Yuan | Unity Ventures Portfolio News
Its investors span China's four major internet giants, corporate strategic investors, state-backed funds, and top-tier VC firms.
Deep Dive into Open-Source Commercialization: AI Is Rewriting the Value Logic | Yunqi Insights
Co-published the open source report for four consecutive years
Vol.17 48-Hour Xiaohongshu Hackathon Hit: How an AI Native Product Broke the 'Retention Curse'
Unity Ventures U-Seed Summer Internship: Stand at the Closest Point to Where Startups Begin
Here, you gain the truly scarce capabilities of the AI era.
"Independent Variable Robotics" Releases WALL-WM, the World's First "Event-Level" World Model: Teaching Robots to Ignore "Nonsense" | Yunqi Partners
Turning "Events" Into Units of Thought
Shenzhen's AI hardware scene is absolutely wild.
Shenzhen gave me social anxiety.
The People Selling Water to Robots Became a Unicorn
The Pick-and-Shovel Business of Embodied Artificial Intelligence
Momenta R7 Reinforcement Learning World Model Achieves First Mass Production, Opening a New Chapter in Physical AI | Unity Ventures Portfolio Shines at Beijing Auto Show
Physical AI Moves From Technical Concept to Mass Production and Real-World Deployment
Vol.16 Tsinghua Entrepreneur-Scientist Huazhe Xu: From Intelligent "Hatching" to Home Embodiment, Stubbornly Chasing Originality in the AI Wave
Yunqi Capital Ranks Top 4 in ChinaVenture Honors: Grounded in AI's Core Narrative, Envisioning a New Era of Technology | Yunqi Bulletin
Building a Bright Future Through Technology and Innovation
Unity Ventures Named Among ChinaVenture's Top 15 Early-Stage VC Firms; Xiao Wang on Embodied Artificial Intelligence Timeline: Optimistic 3 Years, Neutral 5 Years | ChinaVenture Investment Annual Conference
VC is, at its core, about investing in bubbles that have real structural value.
Independent Variable Robotics Unveils World's First World Unified Model, Next-Gen Robot to Enter Real Homes in 34 Days | Unity Ventures Portfolio
This marks a major leap for embodied foundation models, from the VLA architecture toward a native multimodal fusion architecture.
35 Days Until Robots Enter Your Home: "Self-Variable Robotics" Unveils World's First Unified World Model | Yunqi Capital Portfolio
AI Goes Deep Into Real Life
Amid the Hype Bubble of Embodied AI, He's Already Put Robots in 300 Homes | A Conversation with Zhang Yi, Founder / CEO of Weilai Buyuan
Don't chase the hype. Knock on doors first.
Inside the Hype Tsunami of Embodied AI, He's Already Put Robots in 300 Homes | A Conversation with Zhang Yi: Founder/CEO of Weilai Buyuan
Yunqi Capital Quarterly Q1 | Keep Moving Forward, Answers Lie Ahead
A Quick Look at Yunqi Capital's Latest
Vol.15: The Post-'98 Founder Who Built a $20M Business in Two Years — On Building an AI That Talks Back | A Conversation with Kicker's Founder
Yunqi Capital x Tsinghua University | 5 Embodied AI "Heavyweights" on Physical AI and Commercialization
Finding the Decisive Factor in Embodied AI's Path to Market
Investment and funding heat up alongside spring temperatures | Unity Ventures Spring Chronicle
Portfolio companies have raised more than 5 billion yuan in total funding.
Yunqi Capital Team | New Promotions and New Members: Rooted Downward, Growing Upward
Let's grow and get better together!
Special Edition: North Slope Project
*The Signal and the Noise* Podcast Special Season
GTC Recap: When "Everything Can Be Tokenized," Who's Defining AI's Body and Memory | Yunqi Capital
Let's talk about something beyond tokens.
OpenClaw Meetup in Shenzhen: High-Octane Gathering of Builders — What Are Founders Actually Doing With OpenClaw? | Unity Ventures OpenClaw Meetup · Shenzhen
Demo registration is now open.
九合创投王啸：具身智能狂热的终局，和早期投资的“模糊正确”｜九合分享
The Investment Philosophy Behind a Leading Embodied Artificial Intelligence Company
Fresh Off Spring Festival Gala, Noetix Robotics Announces Nearly 1 Billion Yuan Series B Round | Unity Ventures Portfolio News
The humanoid robotics industry will move from technology validation to closed commercialization loops.
Unity Ventures early-stage portfolio company Independent Variable Robotics raises hundreds of millions of yuan in new funding within a month
Becoming the highest-valued Embodied Artificial Intelligence company to announce funding this year
Noetix Robotics Named Humanoid Robot Partner for CCTV's 2026 Spring Festival Gala | Unity Ventures Portfolio
Humanoid Robots Take the Spring Festival Gala Stage, Celebrating the New Year with Warm Companionship
Independent Variable Robotics' Qian Wang: China will produce the world's top embodied AI company, aiming to be the OpenAI of embodied intelligence | Founders Talk
Lands the Year's Biggest Robot Funding Round to Date
Pulmongene Announces FDA Approval to Launch Phase IIb Clinical Trial for PMG1015, Achieving Major Milestone | Unity Ventures Portfolio
Establishing a leading position at the forefront of biopharmaceutical innovation
Smart glasses maker INMO closes C1 round, its third in a year | Unity Ventures portfolio news
Total funding raised: nearly 500 million yuan
"Independent Variable Robotics" Raises 1 Billion Yuan in A++ Round | Yunqi Capital
Building Foundation Models for the Physical World
Independent Variable Robotics Raises $1 Billion from ByteDance, HSG, and Others to Build Foundation Models for the Physical World
The only embodied artificial intelligence company in China to have received investment from all three major tech giants — Meituan, Alibaba, and ByteDance
Yunqi Capital | Premier Li Qiang Inspects Guangdong, Astribot, X Variable Robotics, and Robotsquare Demo Their Tech
According to *Xinwen Lianbo*, on January 4, Li Qiang, member of the Politburo Standing Committee and Premier of the State Council, conducted research in Guangdong, engaging in in-depth exchanges with companies and relevant departments on topics including technological innovation, new quality productive forces, and high-quality development.
Sam Li Inspects Guangdong, Independent Variable Robotics Represents Embodied Artificial Intelligence Industry at Symposium | Unity Ventures Portfolio
Qian Wang, founder of Ziliangliang (自变量), briefed Sam Li on his reflections regarding the Embodied Artificial Intelligence industry's development and the company's forward-looking explorations.
A New Map of the World Is Unfolding | Unity Ventures New Year Edition
The Old Rules No Longer Apply, a New Continent Emerges
Moving Forward Together! Chen Yu Promoted to Managing Partner at Yunqi Capital | Yunqi Team
Marching forward side by side, continuing to rise.
Congratulations to JD Industrials on Its Successful Hong Kong Stock Exchange Listing | Yunqi Capital
Technology-enabled, with a promising future ahead.
Chen Yu in Conversation with Ziwang, DeepRoute: AI in the Physical World — How to Tackle the Toughest Nuts to Crack | Yunqi Capital Doers
Bridging the Chasm from Virtual to Reality
A 10,000-Word Deep Dive into Physical AI: Chinese Companies and the Global Arena at an Inflection Point | Yunqi Capital Pragmatists
Real Speed and Methodology from Entrepreneurs on the Front Lines
AI Getting Things Done | Cloud Summit · Chengdu: When Technology Lands in a City, Industries Are Being Redefined
In Sync with AI's Development
D-Robotics Unveils Embodied AI High-Compute Development Platform S600, Ushering in a New Paradigm for Edge-Cloud Integrated Robot Evolution | Unity Ventures Portfolio
Business outcomes "soared in both scale and quality," while ecosystem achievements spread across the globe.
Yunqi Capital Quarterly | Upward, the Consistent Answer
New Growth, New Gains
Another VC Rebrands with a New Name
The twentieth year of local iteration.
Wang Qian, Invariant Robot: How Far Is Embodied Intelligence's Scaling Law? | Yunqi Capital Doers Series
Embodied Intelligence ≠ Stuffing DeepSeek into a Unitree Robot
Eight Unity Ventures Portfolio Companies Announce Funding Rounds: AI Evolution, Biotech Surge, and Accelerated Globalization | Unity Ventures Autumn Update
Total funding raised exceeds 2 billion yuan.
Why Open-Source Embodied AI Models? Self-Variable Robotics CTO Wang Hao Explains | Yunqi Capital Doers
The GPT-3 Moment for Robotics Models
Unity Ventures Wins FOFWEEKLY Market Influence Top 30 and Multiple 36Kr Awards for AI, Embodied Artificial Intelligence, and Advanced Manufacturing Investment | Unity Honors
Build Enduring Momentum with Patience and Vision
Former 01.AI Co-founder Dai Zonghong's Startup "Basis Origin" Closes Angel Round of Over 100 Million Yuan | New Unity Ventures Portfolio Company
A 20-person team completes AI customization projects that previously required hundreds of people
"Autonomous Variable Robotics" Closes 1 Billion Yuan Series A+ Round, Open-Sources End-to-End Embodied Foundation Model | Yunqi Capital
Models and hardware iterating at breakneck speed
Independent Variable Robotics Raises Nearly 1 Billion Yuan in Series A+ Round, Open-Sources End-to-End Embodied AI Foundation Model WALL-OSS
Alibaba Cloud Makes Its First Move Into Embodied Artificial Intelligence
The Globalization Path of Embodied Intelligence: A Deep Conversation on Value Creation, Innovation, and Organizational Capability
Hard-hitting, practical insights from the front lines of the industry
Unity Ventures Portfolio Robot Companies Battle for Real-World Deployment at WRC
A Corner of Unity Ventures' Robotics Investment Map
Tens of Thousands Tune In: Good News From Yunqi's Robot Friends | Yunqi x WRC 2025
Innovation never ends.
Livestream Registration | Yunqi Capital x SEE Fund: World Robot Congress Themed Event — See You Tomorrow
On August 8, the **2025 World Robot Conference (WRC)** opened in Beijing Economic-Technological Development Area. As one of the largest and most influential events in the global robotics sector, this year's WRC is themed "Making Robots Smarter, Making Embodied Intelligence More Intelligent," bringing together **over 1,500 exhibits from more than 200 domestic and international robotics companies**, including 100 new products making their debut.
Opening Today: A Complete Guide to Yunqi Capital's Embodied Intelligence Portfolio | Yunqi Capital x World Robot Conference
A User-Friendly Guide to Robot "Face Blindness"
Livestream Countdown | Yunqi Capital x SEE Fund: World Robot Congress Special Event — See You in 2 Days
From August 8 to 12, the **2025 World Robot Conference (WRC)** will be held at Beijing Economic-Technological Development Area. As one of the largest and most influential events in the global robotics sector, this year's WRC will take "Making Robots Smarter, Making Embodied Intelligence More Intelligent" as its theme, bringing together **over 1,500 exhibits from more than 200 domestic and international robotics companies**, including 100 new products that will make their debut.
Coming Soon | Yunqi Capital X SEE Fund: World Robot Conference Special Event — You're Invited
Embodied Intelligence: The Future Is Already Here
Yunqi Family at WAIC: New Products, New Trends, New Connections — All in One Place | Yunqi Capital x World Artificial Intelligence Conference
Models Get Smarter, Agents Work Harder, Robots Stay Busier
From Embodied AI to AI Agents, Multiple Unity Ventures Portfolio Companies Shine at 2025 World Artificial Intelligence Conference
Unity Ventures' AI Companies Shine at WAIC
WAIC Opens Today, Yunqi Capital Lineup Is Ready | Yunqi Capital x World Artificial Intelligence Conference
This schedule is worth bookmarking.
Unity Ventures Wins Rongzi China 'Best Early-Stage AI Investor' and Securities Times 'Early-Stage Investor of the Year' Awards | Unity Honors
Aggressively doubling down on AI
Walking Through the Heat, Gathering Along the Way | Yunqi Capital Quarterly
Yunqi Capital Q2 Good News
Unity Ventures Angel-Round Portfolio Company "Skywell" Lists on Nasdaq, Seven Portfolio Companies Announce New Funding Rounds | Unity Ventures Summer Chronicle
Thriving and Expanding, Pushing Boundaries Forward
"Self-Variable Robotics" Explores a New Paradigm for Embodied Intelligence: From "Building Blocks" to "Native Integration" | Yunqi Capital
Getting AI to Put Down Heidegger's Hammer
Yunqi Capital x Tsinghua University E.E. | Exploring Embodied Intelligence in the Greater Bay Area
➤➤ On May 25, 2025, **"Tsinghua EEA · Industry Connect Afternoon Tea #012 — Exploring Embodied Intelligence in the Greater Bay Area"**, co-organized by Yunqi Capital, successfully concluded in Shenzhen. The event was hosted by the Tsinghua University Alumni Association Electronic Engineering Department Branch, the International Center for Advanced Technology Application Promotion (Shenzhen), and the Shenzhen Tsinghua University Alumni Association Electronic Engineering Department Branch. **Over 40 Tsinghua EEA alumni** deeply involved in embodied intelligence gathered in Shenzhen.
D-Robotics Raises $100 Million in Series A Funding to Accelerate Embodied Artificial Intelligence Ecosystem Expansion | Unity Ventures Portfolio Addition
The "Top Player" in the Embodied Artificial Intelligence Infra Track
INMO CEO Yang Longsheng: Smart Glasses Will Be the Next 'Phone,' With AI + Social as the Ultimate Function | Unity Ventures Portfolio
INMO enters breakout year, with Q1 orders surpassing 100,000 units
The Highs and Lows of Humanoid Robotics: Unity Ventures' Xiao Wang and Independent Variable Robotics' Qian Wang in Conversation
Patience is as precious as gold.
"Variable Robotics" Closes Two Consecutive Rounds Worth Hundreds of Millions of Yuan, Yunqi Capital Participates | Yunqi Capital
End-to-End Embodied Intelligence Accelerates Iteration
Independent Variable Robotics Raises Two Consecutive Rounds of Hundreds of Millions of Yuan, with Meituan as Sole Investor in Series A | Unity Ventures Portfolio News
The company has completed seven funding rounds, raising more than one billion yuan in total.
"Ultra Intelligent" Closes Series B Funding, Accelerating Mass Production of Consumer Exoskeleton Robots | Unity Ventures Portfolio News
Multiple consumer-grade exoskeleton robots are about to hit the market, marking the inaugural year for consumer-scenario applications.
Unity Ventures Wins ChinaVenture "Best Early-Stage Investment Firm of the Year" and "Best Investment Firm in AI and Big Data" Awards | Unity Honors
Getting Hands-On for the Next Industrial Revolution
A Surging Wave of Technology, an Explosion of Species in AI's Deep Waters | Unity Ventures Spring Chronicle
Tend the soil with care, and wait for the flowers to bloom.
Xiao Wang: From Tool to Agent, AI Ushers in the Era of Intelligent Everything | Unity Ventures
The "Android Moment" for AI Has Arrived
Limited VIP Tickets: China Tech Manufacturing Global Summit Now Open for Registration | Unity Ventures Share
Hosted by Unity Ventures portfolio company PayInOne, exploring new opportunities for Chinese companies expanding overseas
DeepSeek disrupts industry landscape, Unity Ventures portfolio companies embrace new AI era | Unity Ventures portfolio
Move fast and seize the initiative.
Embodied Artificial Intelligence Reaches Critical Milestone as Independent Variable Robotics Closes Hundreds of Millions of Yuan in Pre-A++ Round Within a Month | Unity Ventures Portfolio News
A unified end-to-end Embodied Artificial Intelligence large model is key to improving robots' generalization and adaptability.
