AGIBOT986 Archives an intelligent robot company, recently secured a new round of financing valued at RMB 600 million ($85 million), according to a report by Chinese media outlet 36Kr. The company is reportedly also preparing another round of financing with a pre-investment valuation of RMB 7 billion ($980 million). Founded by Peng Zhihui in February, AGIBOT unveiled the Expedition A1 humanoid robot with a PowerFlow joint motor, a reverse-joint design, and a dexterous hand called SkillHand, in August. Peng (also known as Zhihui Jun and who was born in 1993), chose to depart from Huawei in December 2022 to establish his own robot company, despite being offered an annual salary of millions of RMB through Huawei’s Genius Youth Program. [36Kr, in Chinese]