DeepCtrls completes hundreds of millions RMB B+ round led by CATL

Battery maker CATL led a B+ round for DeepCtrls, a physical AI company, that raised hundreds of millions of yuan, or tens of millions of dollars. Aramco Ventures, Taiping Innovation Investment (太平创新投资), GF Xinde (广发信德) and Fosun Venture Capital (复星创富) joined, along with existing backers Source Code Capital (源码资本) and Guangyuan Capital (光远资本). The company says the money will go to physical AI research, smarter AI computing and energy infrastructure, and overseas expansion.

Original sources (Chinese)