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- TARS
TARS Funding, Investors & Competitors
TARS has raised $242M across 2 funding rounds, most recently a $122M seed round in July 2025.
Last TARS funding round
$122M
Seed · Jul 2025
Cumulative funding TARS raised
$242M
across 2 funding rounds
Key investors in TARS
Linear Capital
Xianghe Capital
Qiming Venture Partners
SAIF Partners
Lenovo Capital and Incubator Group (LCIG)
BlueRun Ventures
Angel Plus China
Meituan
TARS Overview
About TARS
TARS is a technology firm led by Zhihang Zhong, a leading researcher in artificial intelligence focused on spatial perception and reasoning. The company develops AI systems that integrate 3D vision, robotics, and cognitive models for applications in autonomous navigation and smart environments. Based in Palo Alto, California, TARS collaborates with institutions like Stanford University on projects advancing multimodal AI. Founded in 2018, it provides SDKs and APIs for developers building spatially aware applications.
Founded
2025
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
TARS Funding History
TARS has raised a total of $242M across 2 funding rounds.
TARS's first fundraising round was a $120M seed round in March 2025. The most recent completed round was a $122M seed round in July 2025.
TARS funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2025 | Seed | Meituan (lead); SAIF Partners; Xianghe Capital; Lingang Science and Technology Innovation; Linear Capital; Xiamen C&D Emerging Industry Equity Investment; Hone Capital; Guoqi Investment; Junshan Investment | $122M | TARS (Trusted AI and Robotics Solution), founded in February 2025 by former executives and scientists from Huawei, Baidu, and DJI, develops full-stack embodied AI and general-purpose robotics technology, focusing on physical-world AI with a Human-Centric embodied data engine for applications in smart manufacturing, logistics, and beyond. The company, headquartered in Beijing and Shanghai, completed a $122 million Angel+ funding round on or around July 8-9, 2025, led by Meituan's strategic investment arm, with co-investors including Guoqi Investment, Hone Capital (possibly Bihong), Junshan Investment (Junshan Capital), Linear Capital, Lingang Science and Technology Innovation (Lingang Sci-Tech), SAIF Partners, Xiamen C&D Emerging Industry Equity Investment (C&D), and Xianghe Capital increasing stakes. This followed a record $120 million angel round in March 2025 led by Lanchi Ventures and Qiming Venture Partners, bringing total funding to $242 million. The July round supports ongoing R&D for product prototypes, model training, and multi-scenario expansion, with TARS achieving breakthroughs in embodied data collection, generalizable intelligent systems, and hardware-software integration. No products were publicly unveiled by July 2025, though prototypes like the industrial A Series and general-purpose T Series were revealed in December 2025. The startup attracted investment due to its elite team, including CEO Chen Yilun (ex-Huawei CTO autonomous driving, DJI), Chairman Li Zhenyu (ex-Baidu Intelligent Driving), and Chief Scientist Ding Wenchao (ex-Huawei Genius Youth). Meituan's lead investment reflects its aggressive push into embodied intelligence, with recent bets on TARS, Xinghaitu, and Independent Variable Robotics, amid China's booming robotics sector that saw over RMB 30 billion in financing in early 2025. TARS positions itself for reliable super-intelligent embodied systems trusted alongside humans in B2B and B2C settings, targeting the 'GPT moment' for embodied AI in a market projected to reach tens of trillions of yuan globally by 2030. |
| Mar 2025 | Seed | BlueRun Ventures (lead); Qiming Venture Partners (lead); Hengxu Capital; Xianghe Capital; Hillhouse Ventures; Lenovo Capital and Incubator Group (LCIG); Angel Plus China; Linear Capital | $120M | - |
Who has invested in TARS?
15 investors have backed TARS across its funding rounds, including Linear Capital, Xianghe Capital, Qiming Venture Partners, SAIF Partners, Lenovo Capital and Incubator Group (LCIG) and BlueRun Ventures.
Lead investors include Meituan, BlueRun Ventures and Qiming Venture Partners.
TARS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2025 | ||
| 2 | Participant | Mar 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Lead | Jul 2025 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Lead | Mar 2025 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Mar 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 15 TARS investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTARS Competitors
TARS competitors include listed companies like SAP, Range Intelligent and Tempus AI, and private ones like Scale AI, Helsing and Genesys.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Private | $2B | - | $29B | 14.5x | ||
| Private | $502M | - | $18B | 35.9x | ||
| Publicly listed | $846M | $803M | $15B | 16.0x | ||
| Private | $2.1B | $900M | $15B | 7.1x | ||
| Publicly listed | $1.3B | ($131M) | $15B | 10.1x |
TARS Public Comps
TARS is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Adobe, Datadog, Moody's, Workday, MongoDB and Range Intelligent.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $7.7B | $3.8B | 11.2x | 10.6x | 22.5x | 20.1x | |||
| $9.6B | $1.2B | 5.1x | 4.7x | 42.0x | 14.2x | |||
This data is available for Pro users. Sign up to see all TARS competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TARS
| When was TARS founded? | TARS was founded in 2025. |
| Where is TARS headquartered? | TARS is headquartered in Shanghai, China. |
| Is TARS publicly listed? | No, TARS is a private, VC-backed company. |
| How much funding has TARS raised? | TARS has raised $242M across 2 funding rounds. |
| What was TARS's last funding round? | TARS's last funding round was a $122M seed round in July 2025, led by Meituan. |
| Who are TARS's investors? | TARS's investors include Xianghe Capital, Linear Capital, SAIF Partners, Hengxu Capital, Hillhouse Ventures, Meituan, BlueRun Ventures, Qiming Venture Partners, Lenovo Capital and Incubator Group (LCIG), Lingang Science and Technology Innovation and 5 others. |
| Which companies are comparable to TARS? | Companies comparable to TARS include SAP, Scale AI, Helsing, Range Intelligent, Genesys and Tempus AI. |
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