Independent variable has completed four rounds of financing, with a valuation exceeding 20 billion yuan.

X Square Robot completed four rounds of financing within two months, with its post-investment valuation exceeding 20 billion yuan, becoming the first embodied brain company in the Greater Bay Area to achieve a valuation of over 20 billion yuan. More than 30 investors participated, with internet giants Meituan, Alibaba, ByteDance, and Xiaomi leading each round. Xiaomi invested in three consecutive rounds, and 58 Group, Chery, China Mobile, Sequoia China, and others also joined the investment.