Zhiping Fang Raises Over $1 Billion in Series B Funding, Enters the Billion-Dollar Club

In a recent development, Zhiping Fang announced the successful completion of a Series B funding round, raising over $1 billion. The investors this round include Baidu, CRRC, several Tesla ecosystem companies, as well as venture capital firm Yunbo Capital and securities fund GTJA Allianz. The funds raised will be allocated towards the development of the GOVLA large-scale model to maintain technological leadership and to advance the expansion and scaling of the AlphaBot production line. Being founded in April 2023, Zhiping Fang has quickly gained significant traction in the field of embodied intelligence, achieving a valuation surpassing $10 billion. Notably, the…