Physix Frontier · News Briefing Card (TMTPost · Jul 31, 2026)

Lingxin Qiaoshou hits 20B yuan valuation on full-stack bet

KEY FACTS

Founded three years ago, it reached a 20 billion yuan valuation, with the next round targeting nearly 40 billion yuan.
It covers three technical routes—direct drive, tendon-driven, and linkage—with products starting at 3,999 yuan.
Last year's revenue was under 300 million yuan, and it has accumulated over 500 standardized hand manipulation skills.
It launched a scheme for dexterous hands to autonomously assemble dexterous hands, aiming to cut manual assembly costs.

KEY DATA

200亿元B+ round valuation

400亿元Next round target

3999元Entry product price

42Max degrees of freedom

PHYSIX OBSERVATION

Lingxin Qiaoshou seeks to avoid competing in complete robots by playing the 'shovel seller,' but faces squeeze from leading manufacturers' vertical integration. Its core bet is to build a data flywheel through hardware volume and replicate Nvidia-style ecosystem barriers. However, if general manipulation models can migrate away from specific hardware, or simulated data replaces real-machine data, its high-valuation logic will collapse. It is currently in an aggressive positioning phase before technical routes converge.

Source: TMTPost report