FermoOne Technology received nearly $100 million in seed funding, with IDG leading the investment focus on the development of Physical Agent.

In September 2026, Beijing PHYMI completed a seed financing of nearly 100 million US dollars. This round of financing was led by IDG Capital, with participation from Yunqi Capital, Didi Chuxing, Fosun Rui Zheng, Yao Tu Capital, and Hesai Technology. PHYMI focuses on the development of Physical Agents, aiming to break through the limitations of traditional fixed workstations and preset processes, and to create intelligent agents for an open, dynamic real-world environment. These agents will enable cross-scenario mobility, real-time perception, autonomous operation, and continuous task execution. The funds raised will be used primarily for the research and development of core algorithms, hardware collaboration, and the implementation and verification in industrial and logistics scenarios.