DexForce, a Chinese robotics company, is reportedly exploring an initial public offering (IPO) in Hong Kong. This consideration follows a significant financing boost, with the company closing a 1 billion yuan (approximately $138 million) Series B funding round. This latest injection of capital has pushed DexForce's valuation past 10 billion yuan (over $1.3 billion).
Based in Shenzhen, DexForce was founded by Professor Jia Kui of the Chinese University of Hong Kong (Shenzhen) and aims to achieve "general-purpose physical AI." The company emphasizes its "Sim2Real" technology, which adapts AI models trained in simulation environments to real-world applications. Its technological framework includes the "DexVerse" simulation data engine, the "DexWorldModel" AI world model, and humanoid robot products like the "DexForce W1" and "DexForce W1 Pro."
In July 2025, DexForce secured several hundred million yuan in two Series A rounds, with investments from Chengdu Kexintou, Hongtai Fund, and existing shareholders like Lenovo Capital. The company has a two-pronged commercialization strategy: providing AI models and vision sensors to smart manufacturing clients such as Midea, Haier Group, Hisense Group, BYD, and Lens Technology; and offering integrated robot hardware and AI solutions, exemplified by their DexForce W1 Pro humanoid robot.
The DexForce W1 Pro features optimized kinematics and mechanism parameters, resulting in a 75% increase in working space and reach for its arms, and sub-millimeter level positioning accuracy. The company is also expanding into the tourism and cultural industries, planning to deploy thousands of smart robots over the next three years for tasks like selling beverages, popcorn, and ice cream, and for 24-hour retail. DexForce has raised a total of $157.3 million in funding.
The potential listing aligns with a broader trend of Chinese robotics companies seeking IPOs in Hong Kong and Shanghai. Other companies reportedly preparing for listings include Agibot (Zhiyuan Robotics), ROKAE Robotics, HAI Robotics, Youibot, and Pudu Robotics. EngineAI, also based in Shenzhen, has confidentially filed for a Hong Kong IPO, and Unitree Robotics is expected to list on the Shanghai STAR Market with a targeted valuation around $7 billion.
