Anew Labs, a Shanghai-based AI drug discovery startup, secured $290 million in its inaugural external financing, reaching a valuation of $1.5 billion. ByteDance, which spun off the unit, retains a 56% stake. Investors include HSG, IDG Capital, Hillhouse Investment, 5Y Capital, and the Shanghai Future Industries Fund.
Tokyo-based CADDi raised ¥17.7 billion in a Series D round, valuing the firm at ¥182 billion. The company, which provides an AI-driven manufacturing data platform, has now raised a cumulative ¥36.31 billion. New backers include Woven Capital, Salesforce Ventures, and Moore Strategic Ventures.
Hello Robotaxi, based in Shanghai, raised approximately $100 million at a post-money valuation of nearly $3 billion. The funding, led by Shanghai Guotou’s Pioneer Fund, will support the development of a 10,000-GPU computing platform and L4 autonomous driving models for its HR1 vehicle.
Beijing-based Space Epoch reported that its Series B financing, including a new B++ tranche, has exceeded RMB 2.3 billion over the past six months. The capital supports the development of the Yuanxingzhe-1 reusable rocket, with an orbital launch and recovery attempt targeted for the end of 2026.
Other notable funding activity includes TypeSafe AI, which emerged from stealth with a $40 million seed round, and Noetive, which raised $41 million. Additionally, iGii secured a mixed financing package totaling £22.7 million, including £11 million from Scottish Enterprise.
