Hangzhou-based Deep Robotics has secured $70 million in fresh funding from investors, including CMB International, China Asset Management, and telecom-backed funds, according to the South China Morning Post.

The company plans to use the capital for R&D and talent recruitment as it advances its quadruped and humanoid robot technologies amid strong investor interest in China’s robotics industry.

Deep Robotics is known for pioneering China’s first fully autonomous substation inspection using quadruped robots. Their robots have been deployed in the Asian Games underground tunnels in Hangzhou.

The company maintains long-term collaborations with State Grid Corporation of China, China Southern Power Grid, Baosteel, and Fluke, validating their tech for critical infrastructures like power grids and steel production.