MagicLab Robotics Technology (Wuxi) Co., Ltd. announced that it has received CNY 500 million in a round of funding on March 9, 2026. The company has issued convertible preferred stock in the transaction. The transaction included participation from new investors Jolmo Investment Management Co., Ltd., Jiangsu Suda Tiangong Venture Capital Management Limited, Sky Factory Venture Fund, Ningbo Tuopu Group Co.,Ltd., Nexwise Intelligence China Limited, Aishida Co., Ltd, Skyworks Venture Capital Fund and Wuxi Liangxi Venture Capital Co., Ltd.