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

Elu.AI Overview

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

ChinaHangzhou

Website

elu-ai.com

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

Elu.AI funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2026Undisclosed stageZhejiang Venture Capital (lead)$15MZhejiang 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 2026Series ADunhong 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

Investors in Elu.AI by funding rounds participated
InvestorHQRoundsRoleFirst check
Zhejiang University Holding Group--1ParticipantAug 2026
Dunhong Capital ManagementChinaShanghai1LeadAug 2026
Yandu State-owned EnterpriseChinaChina1ParticipantAug 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Elu.AI Competitors

Elu.AI competitors include listed companies like Infleqtion, Tempus AI and iFlytek, and private ones like Quantum Systems, Generalist AI and SambaNova.

Public and private companies comparable to Elu.AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Quantum SystemsGermanyGilchingPrivate$330M-$8B24.2x
Generalist AIUnited StatesSan Francisco, CAPrivate--$3B-
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$2B35.6x
Tempus AIUnited StatesUnited StatesPublicly listed$1.3B($131M)$14B9.4x
iFlytekChinaChinaPublicly listed$4.1B$468M$14B3.4x
SambaNovaUnited StatesSan Francisco, CAPrivate$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B14.6x13.1x137.6x93.2x
SAP$41B$13B6.6x6.1x20.9x19.0x
IBM$68B$17B4.3x4.1x17.3x14.5x
CrowdStrike$4.8B($12M)45.3x38.0x(17454.4x)127.0x
Salesforce$42B$13B5.0x4.6x15.9x10.8x
Stryker$25B$6.3B5.4x5.1x21.5x17.8x
ServiceNow$13B$2.6B8.3x6.9x42.6x17.8x
Snowflake$4.7B($1.3B)20.9x16.4x(76.7x)92.9x

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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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