- Companies
- Elu.AI
Elu.AI Funding, Investors & Competitors
Elu.AI has raised $163M across 2 funding rounds, most recently a $15M undisclosed-stage round in October 2026.
Last Elu.AI funding round
$15M
Undisclosed stage · Oct 2026
Cumulative funding Elu.AI raised
$163M
across 2 funding rounds
Key investors in Elu.AI
Dunhong Capital Management
Zhejiang Venture Capital
Lishui State Investment
Zhejiang University Holding Group
Yandu State-owned Enterprise
About Elu.AI
Elu.AI is a robotics company that creates, produces, and implements smart robotic systems and AI-driven agent technologies.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
Elu.AI Funding History
Elu.AI has raised a total of $163M across 2 funding rounds.
Elu.AI's first fundraising round was a $148M Series A in August 2026. The most recent completed round was a $15M undisclosed-stage round in October 2026.
Elu.AI funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | Zhejiang Venture Capital (lead) | $15M | Zhejiang Provincial Venture Capital Group invested nearly CNY 100 million in Elu.AI, known by its INFIFORCE brand, in a deal reported on 26 October 2026 and led on the investor side by Shen Qianyang. The investment will support continued research and development of AtomBrain, the company's embodied brain, its causal world model and its DataGrid full-stack AI infrastructure. The investor said it was drawn by the company's core technology and original capability in foundation models, understanding of the physical world and industrial engineering. It followed a separate Series A and A-plus financing of nearly CNY 1 billion announced in August 2026. Elu.AI is a Hangzhou embodied-intelligence company founded in 2023 by Bai Huiyuan, who serves as founder and chief executive. Its INFIFORCE brand develops general-purpose embodied brains and humanoid robots, including the AD-01 robot, and reports accumulated orders of more than CNY 500 million across several industries. |
| Aug 2026 | Series A | Dunhong Capital Management (lead); Zhejiang University Holding Group; Yandu State-owned Enterprise; Lishui State Investment | $148M | - |
Who has invested in Elu.AI?
5 investors have backed Elu.AI across its funding rounds, including Dunhong Capital Management, Zhejiang Venture Capital, Lishui State Investment, Zhejiang University Holding Group and Yandu State-owned Enterprise.
Lead investors include Zhejiang Venture Capital and Dunhong Capital Management.
Elu.AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| -- | 1 | Participant | Aug 2026 | |
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
This data is available for Pro users. Sign up to see all 5 Elu.AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialElu.AI Competitors
Elu.AI competitors include listed companies like Infleqtion, Tempus AI and iFlytek, and private ones like Quantum Systems, Generalist AI and SambaNova.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $330M | - | $8B | 24.2x | ||
| Private | - | - | $3B | - | ||
| Publicly listed | $29M | ($52M) | $2B | 35.6x | ||
| Publicly listed | $1.3B | ($131M) | $14B | 9.4x | ||
| Publicly listed | $4.1B | $468M | $14B | 3.4x | ||
| Private | $100M | - | $11B | - |
Elu.AI Public Comps
Elu.AI is still privately-owned, but its public comps include Tesla, SAP, IBM, CrowdStrike, Salesforce, Stryker, ServiceNow, Snowflake, Adobe and Moody's.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 14.6x | 13.1x | 137.6x | 93.2x | |||
| $41B | $13B | 6.6x | 6.1x | 20.9x | 19.0x | |||
| $68B | $17B | 4.3x | 4.1x | 17.3x | 14.5x | |||
| $4.8B | ($12M) | 45.3x | 38.0x | (17454.4x) | 127.0x | |||
| $42B | $13B | 5.0x | 4.6x | 15.9x | 10.8x | |||
| $25B | $6.3B | 5.4x | 5.1x | 21.5x | 17.8x | |||
| $13B | $2.6B | 8.3x | 6.9x | 42.6x | 17.8x | |||
| $4.7B | ($1.3B) | 20.9x | 16.4x | (76.7x) | 92.9x | |||
This data is available for Pro users. Sign up to see all Elu.AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Elu.AI
| When was Elu.AI founded? | Elu.AI was founded in 2023. |
| Where is Elu.AI headquartered? | Elu.AI is headquartered in Hangzhou, China. |
| Is Elu.AI publicly listed? | No, Elu.AI is a private, VC-backed company. |
| How much funding has Elu.AI raised? | Elu.AI has raised $163M across 2 funding rounds. |
| What was Elu.AI's last funding round? | Elu.AI's last funding round was a $15M undisclosed-stage round in October 2026, led by Zhejiang Venture Capital. |
| Who are Elu.AI's investors? | Elu.AI's investors include Zhejiang University Holding Group, Dunhong Capital Management, Yandu State-owned Enterprise, Zhejiang Venture Capital and Lishui State Investment. |
| Which companies are comparable to Elu.AI? | Companies comparable to Elu.AI include Quantum Systems, Generalist AI, Infleqtion, Tempus AI, iFlytek and SambaNova. |
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