Company Overview
| Field | Detail |
|---|---|
| Company | Hangzhou Yunshenchu Technology Co., Ltd. (Deep Robotics) |
| Founded | November 29, 2017 |
| HQ | West Lake District, Hangzhou, Zhejiang, China |
| Founder & CEO | Zhu Qiuguo (Zhejiang University Associate Professor, PhD Advisor) |
| Recognition | National High-Tech Enterprise, National Specialized “Little Giant” |
| Website | https://www.deeprobotics.cn |
| Market Position | Quadruped robots for industrial inspection — power sector leader |
Deep Robotics was founded by Zhu Qiuguo, an associate professor and PhD advisor at Zhejiang University. The core team consists of PhD and Master’s degree holders from ZJU and other top universities. The company focuses on embodied intelligence technologies including motion control, environmental perception, autonomous navigation, and AI algorithms.
As the first company globally to focus quadruped robots on power inspection applications, Deep Robotics pioneered fully autonomous substation inspection with legged robots in China.
Core Products
Jueying (绝影) Series Quadruped Robots:
- Jueying X30: The flagship industrial model. Standing dimensions 1000×695×470mm, weight 56kg. Max speed ≥4m/s, max climbing angle ≤45°, step/obstacle height ≥20cm. IP67 rated, operating temperature -20°C to 55°C. Multi-sensor fusion enables precise navigation in dim or high-glare conditions. Battery life leads the category, with performance maintained across extreme hot and cold environments.
- Jueying Lite3: A lighter quadruped for education, research, and light industrial inspection.
Shanmao (山猫) Series Wheel-Legged Robots:
- Shanmao M20: Combines wheeled and legged mobility for complex terrain and hazardous environments. The wheel-leg hybrid approach offers greater flexibility in substations, chemical plants, and other irregular terrain.
Humanoid Robots:
- DR01 / DR02: Exploration-stage humanoids for industrial and service applications. Deep Robotics accelerated humanoid development in 2023, expanding from quadruped to general-purpose form factors.
Funding and IPO Milestones
| Milestone | Date | Detail |
|---|---|---|
| Total Rounds | 2017-2025 | 7 funding rounds completed |
| Series C | July 2025 | ~500M RMB — from Dachen Capital, China Reform Fund, Huaying Capital, and others |
| STAR Market IPO | May 2026 | Application accepted by Shanghai Stock Exchange; China Securities (CSC) as underwriter; planning to raise 2.5B RMB |
Deep Robotics filed for IPO on the SSE STAR Market in May 2026, with CITIC Construction & Securities as the lead underwriter. The company reached its IPO filing in under 9 years from founding — a rapid timeline for deep-tech hardware.
Market Performance
- Projects Deployed: 600+ projects across power inspection, emergency rescue, security patrol, surveying, and education.
- Marquee Clients: State Grid Corporation of China, China Southern Power Grid, Singapore Power Grid.
- Overseas Reach: Products exported to Japan, South Korea, Europe, the US, and the Middle East — demonstrating the commercial viability of Chinese quadruped robots in overseas power systems.
- Industry Recognition: Named one of the “Hangzhou Six Little Dragons,” sharing the spotlight with fellow Hangzhou-based Unitree.
Competitive Position
Deep Robotics’ edge is vertical depth — rather than building a general-purpose robodog, the company went deep on one application (power inspection) and built the best product for it. The Jueying X30’s IP67 rating and -20°C to 55°C operating range were designed specifically for the grueling conditions of power industry environments, giving it an effective monopoly in this niche.
Unlike Unitree (Go2 targeting consumers at $1,600), Deep Robotics serves industrial B2B customers with higher price points and stronger retention. The Shanmao wheel-legged robots and DR humanoid series signal the company’s ambition to grow from “quadruped specialist” into a “general-purpose embodied intelligence” player.
The trade-offs: far less consumer brand recognition than Unitree; humanoid products remain early-stage; revenue scale is constrained by niche focus.
Industry Outlook
Upside: Power inspection is one of the most mature commercial markets for quadruped robots. China has the world’s largest power grid with tens of thousands of substations, and the need for intelligent inspection replacement is enormous. Deep Robotics’ first-mover advantage and operational track record create meaningful barriers to entry. A successful STAR Market listing would fund product line expansion and overseas growth.
Risk: Heavy concentration in a single vertical (power inspection). Humanoid R&D and expansion will require significant capital. IPO process and fundraise size carry execution uncertainty.
Watch Points: IPO pricing and completion; Jueying X30 expansion into new verticals (petrochemical, mining); DR02 humanoid progress; the “same-city rivalry” with Unitree as both companies scale from Hangzhou.