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X Square

Robotics · Ningbo, China · Founded 2023

A company specializing in innovation within artificial intelligence and robotics MoreLess

Independent Variable Robot Technology (also known as X Square Robot) is a developer of general-purpose embodied intelligent large models, established in December 2023 and headquartered in Ningbo, China, with additional research and operational centers in Beijing, Shanghai, and Shenzhen. The company focuses on creating general-purpose robots with fine manipulation capabilities, utilizing an end-to-end model that processes real-world data from perception to action. The core team includes researchers from globally recognized AI and robotics labs, one of the original proponents of the Attention mechanism (a core component of Transformer models), the algorithm leader for one of China's first trillion-parameter large models, and entrepreneurs from the robotics hardware sector.

The firm's primary offering is its self-developed "GreatWall" operation large model series, specifically the WALL-A model, which enables robots to perform tasks with high precision and autonomy in complex environments without relying on traditional rule-based programming. This technology is integrated into their proprietary robot platforms, the Quantum 1 (Quanta X2) and Quantum 2, which are designed for soft-hardware co-evolution. These robots feature a high degree of freedom, including a five-fingered dexterous hand, and are built to be adaptable for various applications. The Quantum 2 model stands 172cm tall, weighs 95kg, and has a single-arm payload capacity of 6kg.

Independent Variable Robot Technology serves clients across multiple sectors, including scientific research, education, logistics, and home services. The business model appears to involve both the sale of its robotic hardware platforms and potentially customized development services for enterprise clients, supported by a software development kit (SDK) compatible with Python/C++ for secondary development. The company has secured significant funding to accelerate its development, including a Series A round led by Meituan Strategic Investment and Meituan Longzhu, and a Pre-A++ round led by Lightspeed China Partners and Legend Capital.

Keywords: embodied intelligence, general-purpose robots, large model robotics, autonomous systems, dexterous manipulation, WALL-A model, Quantum series robot, robotics hardware, AI-driven robots, end-to-end robotics, human-robot interaction, computer vision, machine learning, robotic automation, Meituan investment, Lightspeed investment, Legend Capital investment, Ningbo startup, Shenzhen robotics, Shanghai AI

Company overview

X Square company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2023
Headquarters
Ningbo, China
Employees
23
Open positions
None listed
Dealroom signal
58.9
client focusb2btechnologyArtificial IntelligencetechnologyHardwaretechnologyDeep Techbusiness modelManufacturingsectorCore AIsectorCompanion RobotssectorBusiness RobotssectorSpinoutsectorRobotic SoftwaresectorVerified Unicorns and $1B ExitssectorgenAI Model MakersectorAI Model Makersectorai model layer

Valuation & funding

X Square funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jun 2026 $2.8B CICC · Source Code Capital · Honor · CAS Investment Management
SERIES AOther financing Jan 2026 $138M $550M Meituan · Alibaba Cloud · Wuxi Innovation Investment Group · Beijing Information Industry Development Fund
SERIES AOther financing Sep 2025 $138M $550M Legend Capital · INCE Capital · Alibaba Cloud · CAS Investment Management
SERIES AOther financing May 2025 $28M $413M Meituan
SEEDOther financing Feb 2025 $28M $110M Legend Capital · Lightspeed · Shenqi Capital
SEEDOther financing Nov 2024 UnityVC · Delian Capital · Cornerstone Capital · Nanshan Zhanxin Investment
SPINOUTOther financing Sep 2023 School of Economics and Management, Tsinghua University · Peking University · Beihang University
Showing 7 recorded eventsUnlock the complete deal history →

Growth signals

X Square website traffic

Latest recorded traffic for X Square is 20K monthly website visits, up 17.6% over the last three months. X Square's team grew 91.7% over the past year.

Latest monthly visits20K 3-month web change+17.6% 1-year team growth+91.7%
Monthly website visits19 observations · Nov 2024–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

X Square compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

X Square's talent

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Employees 23 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

39 investors on X Square's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 8 investors entered at this stage
UnityVC
Delian Capital
Cornerstone Capital
Nanshan Zhanxin Investment
Qifu Capital
Legend Capital
Lightspeed
Shenqi Capital
Series A 11 investors entered at this stage
Meituan
Alibaba Cloud
CAS Investment Management
INCE Capital
HongShan
CDB Capital
Lenovo Star
ByteDance
Wuxi Innovation Investment Group
Beijing Information Industry Development Fund
Shenzhen Capital Group
Series B+ 17 investors entered at this stage
CICC
Source Code Capital
Honor
Yida Capital
China Mobile
Shenzhen Investment Holdings
CDB Technology
Jiangsu High-tech Investment Group
IDG Capital
Chery International
Hongyuan Electronics
Fortune Venture
Zhongbao Touzi
Shenzhen Zhongji Automation
China Mobile SDIC Innovation
Hefei Baohe District Pilot Venture Capital Fund
Chinese National Artificial Intelligence Industry Investment Fund
Other known 3 additional known investors
Beihang University
Peking University
School of Economics and Management, Tsinghua University

Global footprint

Where X Square has talent and traffic

Workforce by country
4 countries with
team presence
🇨🇳 China54.5%
🇭🇰 Hong Kong18.2%
🇺🇸 United States18.2%
🇨🇭 Switzerland9.1%
4 countries shown

In the news

Latest news about X Square

Recent press, funding announcements, and product moves mentioning X Square — open to read from the original sources.

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Market sentiment

What the market is saying about X Square

An AI-synthesized read of the highest-engagement posts about X Square on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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