档案库 · 硬件与设备 · 产品决策 · 2023–2026
星海图豪赌具身智能，估值破200亿
成立于2023年的星海图完成B+轮融资20亿元，估值突破200亿元。
Galaxea AI (星海图)
做的是什么生意
It builds embodied AI robots: a full-stack self-developed "one brain, many forms" system, with an embodied foundation model (EFM) plus bodies such as the wheeled dual-arm humanoid R1 series, sold to developer, industrial, logistics, and retail customers.
启动资金：About 10 million US dollars angel round in January 2024 (IDG Capital (IDG资本), Baidu Ventures (百度风投), etc.)
起因
In September 2023, Gao Jiyang, who graduated from Tsinghua University's Department of Electronic Engineering (电子系) and previously worked on autonomous driving at Waymo and Momenta, founded Galaxea AI with co-founders including Zhao Xing, Xu Huazhe (assistant professor at Tsinghua University's Institute for Interdisciplinary Information Sciences), and Li Tianwei; two months after founding, it completed the first closing of the angel round, betting on "one brain, many forms".
经过
In 2024, it completed an about 10 million US dollar angel round, received investment from the Beijing Robot Industry Fund (北京机器人产业基金), and completed a Pre-A round of more than 200 million yuan (led by Hillhouse Venture Capital (高瓴创投) and Ant Group (蚂蚁集团)); in 2025, it completed 5 A-series rounds in a row, totaling about 100 million US dollars, with Cathay Capital (凯辉基金), Lenovo Capital (联想创投), Haier Capital (海尔资本), Capital Today (今日资本), Meituan Dragonball (美团龙珠), and others entering. Two months after the R1 launch, it served more than 30 customers. In February 2026, it completed a 1 billion yuan B round, and in April it completed another 2 billion yuan B+ round, with the valuation breaking 20 billion yuan and cumulative financing reaching nearly 5 billion yuan.
结果
As of September 2026: it has closed thousand-unit orders, served more than 150 developer partners, and its wheeled dual-arm robot developer market share ranked first globally in 2025; the company judges 2026 as the first year of productivity-scenario POCs, insists on first making the "0 to 1" solid, plans to begin ten-thousand-unit-scale volume ramp in 2026, and is preparing an industry fund, having invested in nearly 10 ecosystem companies.
背景
星海图打造“一脑多形”具身智能：一个端到端具身基础模型（EFM）驱动多种形态的机器人本体；核心产品为轮式双臂人形机器人R1系列，拥有26个自由度，最大负载10公斤，售价从19.9万元起，瞄准智能制造、仓储物流、跨境电商和家庭场景。
创始人高继扬生于1992年，清华大学电子系本科，南加州大学计算机视觉博士3.5年毕业，曾就职于Waymo和Momenta；2023年9月与清华大学交叉信息研究院助理教授赵行、许华哲以及李天威共同创立星海图；成立两个月后完成天使轮融资，此后融资加速。
其融资节奏在赛道中算最激进的之一：2024年完成约1000万美元天使轮和超过2亿元Pre-A轮（高瓴创投和蚂蚁集团领投）；2025年完成5轮A轮，总额约1亿美元；2026年2月完成B轮10亿元，4月完成B+轮20亿元，估值突破200亿元，累计融资近50亿元。
公司坚持“先开发者，后生产力”的路径：R1在全球开发者市场份额领先，累计服务超过150家合作伙伴，2025年轮式双臂机器人开发者市场份额全球第一；同时已签订千台订单，锁定工业搬运、物流分拣等场景，2026年目标是实现从POC到万台规模的放量。
这件事要成立，得有什么
- 一脑多形分摊训练成本，降低单任务学习成本10倍。
- R1以19.9万元价格吸引开发者，构建数据和口碑壁垒。
- 真实场景数据加RSR仿真，并借助英伟达合作，把数据当作护城河。
- 蚂蚁、美团、高瓴等资本加持，两个月估值翻倍至200亿元。
- 高继扬认为大厂没有压制，所以创业公司可以领先。
可借鉴之处
星海图用低价轮式人形机器人赢得开发者，再进攻生产力。具身智能商业化是渐进的；以开发者市场为切入点，模型先于硬件。
后续进展
截至2026-09-01，星海图估值突破200亿元，累计融资近50亿元。研发投入占80%，发布Fast-WAM，与英伟达合作，并投资近10家创业公司。风险：行业尚早；创始人警告不要追出货量；千台订单必须变成万台收入。
资料来源
- 北京杀出未来独角兽：融资3亿，抢滩3000亿赛道
- 星海图接连完成两轮融资，华兴资本担任独家财务顾问
- 星海图又融资20亿，估值200亿
- 星海图完成B+轮20亿元融资 股东结构多元加速布局产业生态
- 刚获20亿！百亿独角兽CEO终局推演：人类仅余两样东西
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