BYD-Backed Deep-Sea Robot Maker Shenhai Zhiren Raises 500 Million Yuan, Debuts Underwater Agent Model SEAgent 1.0

Guangzhou deep-sea robot company Shenhai Zhiren closed a 500 million yuan A round with new investors including GGV Capital, Cathay Capital's TotalEnergies-backed fund, and others, while existing backers BYD, Lightspeed China, and GGV followed on. Its Phoenix 600 cable-burial robot, operating at 3,000 meters, won a 100 million yuan order from a UAE telecom group.