JoulWatt Technology

MoXin Technology is closing a roughly $143M (RMB 1B) round that would lift its valuation to nearly $1.43B (RMB 10B), from $571M (RMB 4B). Founded in 2021, it shifted from consumer 3D printing to spatial intelligence and world models in late 2024; this is its fifth round this year, second in a month. In July 2026, with Pan Yunhe Academic Team and Huawei Cloud, it released MoWorld, a 28B-parameter MoE flash world model on Huawei Ascend NPUs. New investors and use of proceeds were not disclosed.