Momenta Goes Public, 14 Portfolio Companies Announce New Funding | Unity Ventures Autumn Update
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Unity Ventures Early-Stage Portfolio Company Momenta Goes Public
A Decade-Long Partnership, Witnessing the First "Physical AI" IPO
On July 8, Momenta listed on the main board of the Hong Kong Stock Exchange (stock code: 06880.HK). Unity Ventures invested just months after Momenta's founding. Over the past decade, we have watched founder Xudong Cao lead his team from a contrarian challenger to becoming the "first physical AI stock."
Currently, Momenta has established partnerships with 24 global automakers, including nine of the world's top 10 by volume. The number of mass-production vehicles equipped with Momenta's systems has surpassed one million. In the urban NOA third-party supplier market, Momenta holds a 65% market share, ranking first. (Learn more)
Unity Ventures Portfolio Funding Roundup
D-Robotics Closes $400 Million Series C to Lock In Robot Infrastructure
D-Robotics recently announced the completion of a $400 million Series C round, with Unity Ventures continuing to increase its stake. In the first half of 2026, D-Robotics' revenue grew several-fold compared to the same period last year. Cumulative shipments of its Sunrise series chips have exceeded 8 million units, and its integrated hardware-software infrastructure has achieved large-scale validation.
The company's customer coverage in embodied AI has surpassed 50%. The Sunrise S600 is deployed across humanoid robots, industrial wheeled robots, 3C flexible manufacturing, embodied large models, and full-modal perception — with most projects reaching mass-production shipping stages. (Learn more)
Haawking Completes Series B to Accelerate RISC-V DSP Chip Localization
Haawking, a DSP chip company deeply focused on the RISC-V architecture, announced the completion of its Series B round. The company has built a full-stack self-developed system spanning chip architecture design, core R&D, proprietary toolchain development, and application solution deployment. Its Haawking HX2000 series chips are widely used in AI smart home appliances, industrial control, new energy vehicles, solar energy storage, and embodied AI. Proceeds from this round will focus on AI edge chip product development and industry-customized solutions. (Learn more)
Yeats.AI Completes Pre-A Round; Former Apple NPU Executive Team Bets on Edge General-Purpose Computing Platform
Edge AI computing infrastructure company Yeats.AI announced the completion of its Pre-A round — the third financing in its first year of operation, bringing total funding to nearly RMB 1 billion. Unity Ventures was an angel+ round investor in Yeats.AI.
Yeats.AI's founding team previously worked on Apple's AI acceleration platform, the Apple Neural Engine. The company focuses on next-generation AI Native hardware for extreme energy-efficiency inference scenarios, building a unified general-purpose computing platform that provides cross-terminal software-hardware solutions for Agentic and Physical AI applications, achieving coordinated architecture-hardware-software development. (Learn more)
Startorus Fusion Raises RMB 880 Million in New Round, Continues Advancing Fusion Energy Engineering
Unity Ventures angel-round project Startorus Fusion recently completed a new A++ round of RMB 880 million. This funding, together with previous Series A and A+ proceeds, will be used for the Shanghai Jiading experimental facility, NTST (Negative Triangularity Spherical Tokamak) construction and operation, CTRFR-1 (Star Ring-1) design and construction, and continued engineering of key technologies including fusion-reactor-grade high-temperature superconducting magnets and AI plasma control — further solidifying the company's systems capabilities in the fusion engineering phase. (Learn more)
Squirrel Power Raises Over RMB 200 Million; First Smart RV Product to Enter Mass Production in Early 2027
Unity Ventures angel-round project Squirrel Power recently completed an A-round series exceeding RMB 200 million, which will accelerate production line setup and capacity expansion to ensure smooth delivery of large-scale shipments in 2027.
Squirrel Power focuses on R&D, manufacturing, and global operations of outdoor electrification and intelligent products. Its Evotrex brand, built on self-developed integrated vehicle power generation and energy storage technology, serves the global outdoor travel market — providing off-grid living solutions for a new generation of consumers and driving the RV industry's electrification, intelligence, and energy autonomy upgrade. (Learn more)
Smart Glasses Brand INMO Completes Nearly RMB 1 Billion Series C, Begins IPO Preparation
INMO recently completed its C3 round. Following C1 and C2 rounds earlier this year, the company's total Series C funding has reached nearly RMB 1 billion. Revenue growth has exceeded 200% annually in recent years, and the company has officially begun IPO preparations.
INMO was among the earliest entrants in China's consumer smart glasses market. It breaks through the "phone accessory" category limitation with integrated light waveguide technology, and combines its self-developed AIOS to build an independent terminal ecosystem — committed to evolving from "feature-phone-style glasses" to "next-generation spatial computing terminals." (Learn more)
Infinite Space Closes Nearly RMB 100 Million Series A to Solve Satellite Deployment's "Last Mile" Problem
Unity Ventures angel-round project Infinite Space announced the completion of a nearly RMB 100 million Series A round. Infinite Space is an orbital transport and in-orbit service infrastructure provider for commercial satellite constellations. Its self-developed "Space Bus" series of orbital transfer vehicles (OTVs) provides space transport services for orbits ranging from 200 km to 36,000 km altitude, enabling satellite deployment to different orbits, multi-satellite rideshare launches, and intelligent constellation deployment — improving the efficiency and cost-effectiveness of satellites reaching target orbits. (Learn more)
Stellar Origin Completes Seed and Angel Rounds Consecutively, Bringing Heavy Compute to Satellites
Space computing satellite system solution provider Stellar Origin recently completed seed and angel rounds in quick succession. Unity Ventures was the exclusive seed-round investor and continued to increase its stake in the angel round.
Stellar Origin focuses on space computing satellites, moving GPU compute boards from ground data centers onto satellites to enable large-scale in-orbit data processing and inference applications. Users on the ground can access satellite compute and related services anytime via phones or other terminals. The core team was formed by core contributors to the Chinese Academy of Sciences' BeiDou-3 system and experts from Harbin Institute of Technology. (Learn more)
Guangyou Xingkong Completes Pre-A and Pre-A+ Rounds, Raising Nearly RMB 100 Million in Six Months
Guangyou Xingkong announced consecutive completion of Pre-A and Pre-A+ rounds, with the Pre-A+ led by Unity Ventures.
Spun out of nearly two decades of research at Beijing University of Posts and Telecommunications, Guangyou Xingkong is a hard-tech innovation company focused on high-speed satellite-to-ground laser communications for communication, navigation, remote sensing, and computing constellation construction. It is committed to becoming a global leader in space laser communication products and solutions, helping customers build future-oriented space-air-ground integrated networks. (Learn more)
MatriQ Completes Four Rounds in One Year Totaling Nearly RMB 1 Billion, with Thousand-Qubit-Scale System Delivery Capability
Unity Ventures angel-round project MatriQ announced the completion of a multi-hundred-million-RMB A+ round. Since launching its first financing round in the second half of 2025, MatriQ has completed four rounds in one year, with total funding approaching RMB 1 billion.
MatriQ focuses on full-stack neutral-atom quantum computing solutions, having built a complete product matrix from core hardware to system integration, covering full systems, modules, cabinets, and quantum-supercomputing fusion. The core team comes from world-renowned research institutions including the Max Planck Institute, Imperial College London, and University of Cambridge, with over a decade of accumulated expertise in neutral-atom technology. (Learn more)
Zhudong Technology Raises RMB 330 Million, Setting China Record for Angel Round in Brain-Computer Interfaces
Invasive brain-computer interface project Zhudong Technology announced the completion of a RMB 330 million angel round with participation from Unity Ventures, setting a record for angel-round funding in China's BCI sector.
Zhudong Technology is a cutting-edge platform company focused on invasive BCI technology R&D and commercialization, with product matrices covering motor, visual, and emotional brain-computer interfaces — the most comprehensive product lineup among invasive BCI companies in China. Its "Tianshu" product is about to initiate clinical trials with a 1,024-channel system, potentially making the company the first in China to conduct clinical trials of a 1,024-channel invasive BCI. (Learn more)
AI Anti-Aging Drug Company Endless Ark Completes Two Rounds in One Month, with Unity Ventures Leading Seed+ Round
Endless Ark (EonArk) recently announced consecutive completion of seed and seed+ rounds within one month, with total funding approaching RMB 100 million. The seed+ round was led by Unity Ventures.
Endless Ark focuses on AI-driven anti-aging drug development, building a Longevity Foundation Model for biological and life sciences. Founder and CEO Simiao Zhao holds a PhD in AI pharmaceuticals from Oxford University. CTO Jingkun Zeng conducted postdoctoral research at UC Berkeley under Nobel Chemistry laureate Jennifer Doudna. (Learn more)
Rhinovate Completes Pre-A Round, Using Self-Evolving Physical AI to Accelerate High-Performance Materials R&D
AI new materials R&D company Rhinovate announced a multi-hundred-million-RMB Pre-A round with Unity Ventures' participation, completing three rounds in one year.
Incubated with Peking University's research strength, Rhinovate's core team members come from Peking University, Tsinghua University, University of Cambridge, Stanford University, and MIT. It is a Physical AI-driven new materials R&D company dedicated to transforming complex, experience-dependent materials development into a computable, verifiable, and scalable engineering system. (Learn more)
RONGSU Closes Nearly RMB 100 Million A+ Round, Releases Breakthrough Desktop Metal 3D Printing Product
Domestic metal wire-feed additive equipment and service provider RONGSU completed a nearly RMB 100 million A+ round. Concurrently, the company announced the launch of new brand SnowX, entering the consumer market. SnowX recently released the breakthrough desktop metal 3D printer SnowPod, rooted in consumer needs and centered on innovative product design to lower the barrier from idea to physical object — bringing convenient and reliable metal manufacturing into the desktop consumer scenario. (Learn more)
Unity Ventures Portfolio Milestones
Infinite Space's "Space Bus IH-1" Control and Propulsion System Joint Hot-Fire Test a Success, First Flight Enters Final Sprint
Recently, Infinite Space successfully completed the joint hot-fire test of the control and propulsion systems for the first flight model of its "Space Bus" series orbital transfer vehicle, with all key performance metrics meeting in-orbit flight requirements.
The flight-state control and propulsion systems of the first flight model were fully validated, laying a solid foundation for subsequent in-orbit operations. As a key milestone before first flight, this test's completion means the "Space Bus" series has officially entered the final sprint toward its maiden flight. (Learn more)
Chuhang Technology Establishes Physical AI Subsidiary, Exploring Spatial Perception Technology in Home and Commercial Applications
Chuhang Technology recently announced the establishment of subsidiary Zhidong Technology. Zhidong Technology will convert the group's automotive-grade perception capabilities — including RF radio frequency, signal processing algorithms, point cloud tracking and clustering algorithms, heartbeat and respiration monitoring algorithms, and mass-production experience — into physical AI products and solutions, expanding spatial perception technology into home and commercial spaces.
Home scenarios cover elderly care, family safety, home security, and comfort companionship. Commercial scenarios cover intelligent perception, proactive alerting, and energy efficiency management in hotels, offices, and other spaces. (Learn more)
Noetix Robotics Launches Embodied AI Sub-Brand Scalabot, Taking Key Step Toward "Body + Embodied Brain" Full-Stack Capability
Unity Ventures early-stage project Noetix Robotics launched general embodied AI technology brand Scalabot in September. Scalabot is dedicated to building core capabilities for robots to understand the world, simulate the future, and act autonomously — moving intelligence from models into the real world.
The simultaneous release of HERON-World Model, the first world model under Scalabot's HERON technical architecture, marks another important advance in Noetix Robotics' development path. (Learn more)
Ulsorbot Releases VIATRIX X Extended-Range Powered Exoskeleton, Built for Outdoor Exploration
Ulsorbot's outdoor consumer exoskeleton brand VIATRIX recently released the next-generation VIATRIX X. Designed for outdoor exploration, it upgrades AI algorithms, power systems, and hardware architecture. Total weight is controlled at 2.58 kg, with optimizations in materials, safety systems, and protection ratings. It can capture continuous gait data and micro-movements before leg force application in real time, predicting movement intent in advance and dynamically adjusting assistive output. (Learn more)
YolTech Therapeutics' In Vivo Base Editing Therapy Goes Overseas in Deal Exceeding $2 Billion; Licensee Reverse Merges to Chase Nasdaq Listing
Gene editing upstart Serapha Bio signed a merger agreement with Nasdaq-listed Boundless Bio, concurrently completing a $230 million financing. The core asset of this NewCo, SERP-01, comes from Unity Ventures portfolio company YolTech Therapeutics.
From a domestic licensing deal exceeding RMB 1 billion with Salubris Pharmaceuticals in 2024, to a global BD transaction via the Serapha NewCo model in 2026, YolTech Therapeutics is carving out a distinctive value realization path driven by both "technology platform + clinical data." (Learn more)
Momenta IPO: A Decade-Long Partnership, the First Physical AI Stock
