Reunderstanding the World Through a New Paradigm | Vital Monthly

Vital Monthly is Oasis Capital's monthly update column.

Recording the progress unfolding at our portfolio companies and at Oasis — the rhythm, structure, and trends behind it all.

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OriginFlow | Raises Over 500 Million RMB, Advancing a New Paradigm in Data Collection

OriginFlow completed multiple funding rounds including angel, strategic, and Pre-A1, raising a cumulative total exceeding 500 million RMB. The company has introduced the NeuroScale data collection paradigm, which directly captures human movement intent, force application, and tactile feedback through surface electromyography (sEMG) signals — providing higher-fidelity data sources for embodied intelligence.

In May, Singapore Senior Minister Lee Hsien Loong visited the Shanghai Humanoid Robot Innovation Incubator, where he experienced OriginFlow's movement neural interface product, the Origin Generation Kit, and used a wristband to achieve real-time control of a robotic dexterous hand. The company is currently advancing technology deployment around industrial manufacturing and home service scenarios.

VAST | Closes Nearly $200 Million in Funding, Launches World Model Project

Oasis Capital angel-round portfolio company VAST completed A+ and A++ rounds, totaling nearly $200 million.

During the same period, the company launched Project Eden, a world model initiative that builds a sustainably evolving underlying world state to enable long-horizon environmental memory, multi-user interaction, and state reuse — providing novel infrastructure for interactive content generation and embodied intelligence training. As AI 3D and world model R&D continues, VAST is further expanding its technical boundaries from 3D content generation to virtual world construction.

Hypershell Tech | Completes $50 Million B+ Round, Releases Next-Generation Exoskeleton Product

Hypershell Tech completed a $50 million B+ funding round, bringing total Series B funding to $120 million. Proceeds will primarily go toward product R&D, global market expansion, and supply chain development. Founded less than three years ago, Hypershell has become the world's top-selling consumer exoskeleton brand, ranking first in both sales volume and market share on JD.com's exoskeleton category, and continues to lead relevant rankings on major Western e-commerce platforms.

The company also launched its new-generation Hypershell X series. As the first end-to-end consumer exoskeleton product certified by TÜV Rheinland, Hypershell X further enhances motion intent recognition and real-time assistive capabilities, pushing consumer exoskeletons from rule-driven systems toward end-to-end motion control — continuously expanding application scenarios in outdoor sports, daily mobility, and professional rescue operations.

MiniMax | Releases Foundation Models M3 and Mavis, Continues Advancing Agent Infrastructure

MiniMax released its new-generation open-source model M3, with upgrades in coding, agent, multimodal, and ultra-long-context capabilities. M3 adopts a novel sparse attention architecture, MSA, supporting a 1-million-token context window, and achieves top-tier global performance on core software engineering and agent benchmarks including SWE-Bench Verified (80.5), SWE-Bench Pro (59.0), and Claw-Eval (74.5). The model also strengthens long-horizon task execution, computer use, and tool-calling capabilities, further improving agent execution efficiency in complex workflows.

The company also introduced its new-generation agent product, Mavis, and Agent Teams. Through multi-agent collaboration mechanisms including Leader, Worker, and Verifier roles, the system can complete full workflows encompassing task decomposition, execution, and verification — supporting complex scenarios such as research analysis, software development, and content production.

As model capabilities and agent systems co-evolve, MiniMax continues to build out its infrastructure spanning foundation models, multimodal capabilities, and agent workflows.

Sudu Tech | Professor Suho Delivers Keynote at Fudan University, Sharing Latest Research Progress in Physical Intelligence

Suho, Fudan University suho Distinguished Professor, inaugural Dean of the Institute for General Physical Intelligence, and Chief Technical Advisor at Sudu Tech, delivered a keynote speech titled "Physical Intelligence: From Perception to Interaction" at Fudan University's Anniversary Science Report Conference, systematically outlining the development path and key challenges of physical intelligence.

Suho proposed that the next breakthrough in AI lies not in stronger language capabilities, but in understanding the physical world and achieving genuine interactive capabilities — with the core being the construction of a "physical interactive world model" that combines spatial understanding with physical reasoning. Following the release of Sudo R1, Sudu Tech continues to advance research in world models and physical intelligence.

Spirit AI | Legato Accepted to RSS 2026, Continues Advancing Embodied Model R&D

Spirit AI's Gaoyang team research, "Learning Native Continuation for Action Chunking Flow Policies," has been accepted to RSS 2026, a top-tier robotics conference. The study proposes the action generation framework Legato, which optimizes continuity in VLA model action chunking to reduce robot execution pauses and jitter — achieving smoother motion trajectories and higher task efficiency across multiple real-world robotic manipulation tasks.

During the same period, Spirit AI completed adaptation of Spirit v1.5 to D-Robotics' Sunrise S600 platform, further advancing deployment capabilities for embodied models in edge environments.

LimX Dynamics | Releases Full-Size Interactive Humanoid Robot LimX Luna

Following the launch of humanoid robot Oli, which gained significant attention in fashion and exhibition scenarios, LimX Dynamics recently released its full-size interactive humanoid robot LimX Luna. Luna is equipped with the self-developed System 0 full-body motion control foundation model, supporting video-based dance learning, multimodal interaction, zero-code task orchestration, and swarm collaborative control — providing standardized solutions for commercial service scenarios including shopping malls, tourist attractions, and exhibition venues.

Compared to humanoid robot products centered on athletic capability demonstrations, Luna places greater emphasis on content creation, interactive experience, and sustained operational capabilities — exploring scaled applications of embodied intelligence in brand displays, cultural tourism performances, and commercial spaces, and driving the evolution of humanoid robots from motion-execution tools toward novel content and interaction mediums.

Inxus | Joins Alibaba.com, Accelerating Overseas Market Expansion

Inxus officially joined Alibaba.com in May, further expanding its global market channels. Leveraging the platform's procurement network covering over 200 countries and regions, the company will focus on showcasing core products including robotic joint modules, and conduct global business partnerships with customers in embodied intelligence, humanoid robots, collaborative robots, and service robots.

Lxson | Founder Renjie Guo Selected for Forbes Asia 30 Under 30

Lxson Founder and CEO Renjie Guo was selected for the Forbes 30 Under 30 Asia list, and became one of the Asia cover figures in the Industry, Manufacturing & Energy category. As a representative entrepreneur in the embodied intelligence track, Guo shared in an exclusive interview that Lxson is building next-generation robotic products around Physical AI technology, with interactive capabilities, emotional perception, and long-term companionship — continuously exploring the application of embodied intelligence in home and consumer scenarios.

Yixi Biology | Wins FBIF Best Ingredient Innovation Award, Appears at RCEP International Cooperation Forum

Yixi Biology's self-developed "Xibilai® HMOs (Human Milk Oligosaccharides)" won the FBIF Wow Food Awards 2026 "Best Ingredient Innovation Award," becoming the only Chinese HMO product to win in the ingredients track this year. Leveraging the AEGIS™ AI bio-platform and AquaSolo® all-aqueous purification technology, the company continues advancing HMO R&D and industrialization capabilities.

As the only invited synthetic biology company, Yixi Biology appeared at the RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forum, presenting HMO biosynthesis technology and industrialization achievements to international guests. With the world's largest single HMO factory officially coming online, the company is further advancing China's synthetic bio-manufacturing capabilities into international markets.

Polly Polymer | Appears at CHTF and HEEC, Advancing Digital Manufacturing Ecosystem

Polly Polymer appeared at both the 28th China Beijing International High-Tech Expo and the 64th Higher Education Expo China, showcasing full-chain solutions spanning materials, equipment, and software based on HALS ultra-high-speed photopolymerization technology. With ultra-high-speed 3D printing technology and over ten thousand material formulations, the company continues driving additive manufacturing applications in footwear, medical, robotics, and other industries.

For education and research scenarios, Polly Polymer is further promoting integrated 3D printing solutions covering teaching, research, and practical training — having established joint laboratories and intelligent manufacturing teaching bases with Tsinghua University, Zhejiang University, Jilin University, Southeast University, Soochow University, and other institutions, driving deep integration of digital manufacturing technology with talent development systems.

Vital Young | Beyond Language: What If Agents Had Five Senses

In May, Oasis Capital hosted the eighth Vital Young event, in collaboration with MiniMax, Volcano Engine V-START Accelerator, Research AI+, and Elsewhere, to discuss the latest progress in agent multimodal development. The event centered discussions on perception capabilities including vision, voice, and touch — examining how agents can evolve from text-based interaction toward understanding and acting upon the real world.

Entrepreneurs and researchers from multimodal models, voice interaction, robotic perception, and related fields shared their technical explorations. As visual, auditory, and other capabilities are gradually integrated into agent systems, multimodality is becoming a critical development direction for next-generation intelligent agents.

Signal and Noise | Huazhe Xu: Embodied Intelligence Just Started Running, IPO Expectations Already Waiting

In May, the second episode of Signal and Noise's "North Slope Project" went live. We sat down with Huazhe Xu, founder of Poke Tech and Assistant Professor at Tsinghua University, for a conversation around the development stage of embodied intelligence, data bottlenecks, model generalization, and long-horizon tasks. Xu believes the industry remains at the stage of "just finishing the first kilometer" toward general-purpose robots, with data and real-world interaction capabilities remaining critical to future development.

Beyond technical assessments, the conversation also covered entrepreneurial choices, researcher growth, and individual values. Faced with industry hype and IPO expectations, Xu shared his thinking behind starting another company, and his understanding of "doing what you truly want to do" and "finding your own reward function." Tune in!

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