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The National AI Industry Investment Fund, Sequoia Capital China, and others have bet on it; after Zivariable’s Series C financing, its valuation exceeded 20 billion.

2026-06-29 02:45:15

Independent Variable Robot announced that after completing the Series B financing round led by Xiaomi Strategic Investment in late April, the company quickly completed the Series B+, B++ and Series C rounds within just over 2 months. All four financing rounds have been fully closed and settled. The post-investment valuation for this round has officially surpassed RMB 20 billion. The confirmed list of investors for this round includes more than 30 top-tier institutions and internet giants, such as China Mobile, the National Artificial Intelligence Industry Investment Fund, Sequoia China, IDG Capital, Source Code Capital, Dachen Caizhi, CICC Capital, among others. Among them, Xiaomi Strategic Investment has continuously increased its investment across three consecutive rounds. (Caixin)

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