TMTPOST — Physical AI data platform Mifeng Technology has completed a new financing round of several hundred million yuan, according to an exclusive report. China Telecom led the investment, with Zhangjiang Group participating and existing shareholders HSG and Yuanqi Innovation making oversubscribed follow-on commitments. Proceeds will fund the build-out of embodied-intelligence data infrastructure, expansion of mass production for the company’s MEgo ontology-free collection hardware, enhancement of end-to-end data acquisition, governance and closed-loop evaluation capabilities, and acceleration of multi-million-hour physical interaction data capacity. Founded earlier in 2026 and backed by AgiBot, Mifeng positions itself as a one-stop supplier of high-quality real-robot, ontology-free and simulation data for the embodied AI sector. The latest capital injection continues a rapid succession of early-stage rounds that have drawn both state-owned and industrial investors.