# PHYMI

> China embodied-AI foundation-model startup — IDG led a seed of almost $100M; amount is approximate; no valuation.

## Why it is interesting

September 9, 2026: IDG Capital led a seed of almost $100 million (company WeChat via DealStreetAsia). That is a seed-sized label on a late-stage cheque. Valuation, exact amount, and any revenue were not disclosed. Founded in 2026 by Liu Nianqiu, formerly a VP/partner at DeepRoute.ai. Participants include Yunqi Partners, FOSUN RZ Capital, Glory Ventures, Didi Global, and Hesai Group.

## Profile

- **Latest funding:** Seed — ~$100M (almost $100M; exact figure undisclosed) (September 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** seed
- **Status:** private
- **Industries:** robotics, ai-ml
- **Coverage:** full
- **Last updated:** 2026-09-09
- **Latest funding investors:** IDG Capital, Yunqi Partners, FOSUN RZ Capital, Glory Ventures, Didi Global, Hesai Group

## Key facts

- Sep 9, 2026: seed of almost $100M; IDG led (WeChat via DealStreetAsia)
- Exact amount and valuation not disclosed; treat ~$100M as approximate
- Founded 2026; CEO Liu Nianqiu ex-DeepRoute.ai
- Didi Global and Hesai Group in the round — strategics, not a priced mark

## Funding history

- Seed · ~$100M (almost $100M; exact figure undisclosed) · September 2026
  Source: https://www.dealstreetasia.com/stories/idg-capital-phymi-494630

## Related articles

- https://venturecapitaltracker.com/2026-phymi-100m-seed-idg-embodied-ai
- https://venturecapitaltracker.com/2026-september-9-investment-news-antioch-truebridge-yc
- https://venturecapitaltracker.com/2026-september-vc-news

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 9, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/phymi