This article was displayed on the ChosunBiz MoneyMove (MM) site at 3:57 p.m. on Aug. 11, 2026.
Eurobotics, a startup developing autonomous walking robot technology, is joining the "robot mega-round" ranks. After raising a 3 billion won seed round last year, it set a plan to raise up to 40 billion won in new funding about a year later. It is understood to have proposed a valuation of more than 150 billion won.
According to the venture capital (VC) industry on the 11th, Eurobotics recently finalized plans to raise a 40 billion won Series A round and began a book-building process targeting institutional investors such as VCs. A little over a year after its seed round in Sep. last year, it increased the funding size by more than 13 times.
Eurobotics is a robot software development startup founded in Aug. 2024 by Ph.D.s from the Korea Advanced Institute of Science and Technology (KAIST) robotics lab. Using joint encoders and inertial sensors, it is developing autonomous walking robot technology that can maneuver even in rough terrain.
Eurobotics has already unveiled DreamWalk, a new autonomous walking technology that enables stable movement without visual information, and DreamWalk++, which combines a camera and LiDAR to enable perception-based walking. The goal is to expand new autonomous walking technologies into general-purpose software.
Analysts say Eurobotics has jumped into the robotics mega-round on the strength of its autonomous walking technology. As physical AI, which interacts with the physical world, is being cited as the next growth engine after generative artificial intelligence (AI), funds are flowing into robot startups.
Figure AI, a U.S. Humanoid Robot development startup, is a prime example. It raised $1 billion at once last year, sending its valuation soaring to $39 billion. The expected market capitalizations of China's Unitree and EdgeBot, which are preparing initial public offerings (IPOs), are said to be approaching 10 trillion won.
In Korea as well, valuations of robot development startups are soaring into the hundreds of billions of won at early stages. Holiday Robotics, founded by the founder of SuaLab and drawing attention, raised 150 billion won straight in a Series A round, pushing its valuation to 700 billion won.
Eurobotics is understood to have proposed a pre-money valuation of 150 billion won. Considering it was valued at about 50 billion won in last year's seed round, its valuation has tripled. Eurobotics' post-funding valuation is estimated to be around 200 billion won.
Despite the high valuation, investor interest appears strong. As large corporations such as Hyundai Motor and Samsung Electronics are ramping up their robot businesses, expectations are growing that strategic capital and potential exit paths will open, prompting existing investors such as Smilegate Investment to review follow-on investments.
A VC industry official said, "Seed rounds typically come in under 10 billion won, and many Series A rounds start around 20 billion won, but robot startups are different," adding, "As demand concentrates on securing physical AI technology startups early, valuations are rising quickly."