Prosperity7 Ventures led a $72.8m Series Pre-A round in Spirit AI.

Prosperity7 Ventures, a venture capital fund of Saudi oil giant Aramco, led a $72.8m Series Pre-A round in Spirit AI, a company that combines expertise in artificial intelligence and robotics manufacturing to develop advanced AI-powered robotic solutions, with participation from China Merchants Ventures, Zhuhai Huafa Group, GF Xinde Investment, Eminence Ventures, Oriental Fortune Capital, T-Capital, Fortune Capital, Boray Capital, HighLight Capital and Fibonacci VC. "Embodied intelligence is one of the main themes of tech investments in the next decade. The technologies for robot locomotion are rapidly maturing. In comparison, robotic manipulation and robotic brains, that enable robots to ‘think’ like humans, will be the key for them to truly replace humans in performing various complicated tasks," Wang Yuhao, Fortune Capital Project Leader.