Itshizhihang completes $120 million angel round of financing

On March 26, TARS, a Chinese embodied intelligence startup, announced that it had completed an angel round of financing of US$120 million, setting a record for the largest financing amount in China's embodied intelligence industry. This round of financing was jointly led by BlueRun Ventures and Qiming Venture Partners, and followed by Linear Capital, Everbright Capital, Hongtai Fund, Lenovo Capital, Xianghe Capital, and Hillhouse Capital. The funds will be mainly used for the company's product and technology research and development, model training, scenario expansion, etc.