{
  "rows": [
    {
      "company": "SERES",
      "hq_country": "China",
      "website": "https://www.seres.cn/",
      "status": "active",
      "what_it_builds": "SERES has developed the Xiaosai (小赛) humanoid line, shown doing factory reception and visitor guiding, with embodied robots also intended for production-line tasks. The latest publicly identified iteration is Xiaosai 02.",
      "what_it_builds_source": "https://finance.sina.com.cn/roll/2026-06-15/doc-inicnyqp8181743.shtml",
      "founded_year": "2007",
      "founded_source": "https://www.hkexnews.hk/listedco/listconews/sehk/2026/0106/2026010602042.pdf",
      "funding_usd": "3422004447",
      "funding_basis": "public company",
      "funding_source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0330/2026033001040.pdf",
      "funding_note": "Gross equity proceeds summed. 2016-06-02 A-share IPO CNY827,925,000 (14.25m×5.81; https://epaper.stcn.com/paper/zqsb/html/2016-06/06/content_834137.htm); 2021-06-11 private placement CNY2,592,969,998; 2022-06-10 private placement CNY7,129,999,969.18 (both https://www.seres.cn/uploads/20230504/c77316ca99445cee5655ad3eaffd8db9.pdf); 2025-11-05 H-share IPO HKD14,283,400,000 ≈CNY13,026,000,000 (https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0330/2026033001040.pdf). Converted CNY to USD at FRED USD/CNY spot rates on round dates: 6.5815, 6.3967, 6.7081, 7.1260; HKD proceeds use issuer-reported approximate CNY equivalent; USD/CNY rates: https://fred.stlouisfed.org/data/DEXCHUS. No other equity raises found; non-cash acquisition share consideration excluded. Market-cap valuation $11.87bn dated 2026-10-03 (https://gomarketcap.com/companies/SSE-601127/seres-group-co-ltd).",
      "latest_funding_date": "2025-11-05",
      "valuation_usd": "11870000000",
      "latest_model": "Xiaosai 02 (小赛02)",
      "latest_model_year": "2026",
      "latest_model_source": "https://finance.sina.com.cn/roll/2026-06-15/doc-inicnyqp8181743.shtml",
      "units_shipped": null,
      "units_shipped_source": "https://cnevpost.com/2026/06/15/seres-debuts-humanoid-robot/",
      "units_shipped_note": "No public delivered, sold, or shipped count located; the cited report describes a factory visit demonstration.",
      "as_of": "2026-11-03"
    }
  ]
}