Asia Tech Wire (July 31) -- Chinese AI robotics company Astribot recently closed a multi-million dollar Pre-A round of financing led by U.S. private equity firm Matrix Partners.

In addition to existing shareholder Yunqi Partners, industrial capitals such as Dalton Venture and Qinghui Investment also participated in the round.

China Renaissance, a leading Chinese financial institution, acted as the exclusive financial advisor to Astribot in the Pre-A funding round.

Astribot will use the funds for top talent recruitment, R&D investment, commercialization deployment and other efforts.

Founded in December 2022, Astribot focuses on developing "the next generation of the most powerful AI robot assistant".

At the end of April, the company announced its latest humanoid robot, Astribot S1, and expected to commercialize it in 2024.