Deep Robotics (Hangzhou DEEP Robotics Technology Co., Ltd.) was founded in November 2017 by Zhejiang University alumni Zhu Qiuguo (CEO) and Li Chao (CTO). The company built its commercial base on quadruped robots — the Jueying series — for power-grid inspection, security patrols, emergency response, and other hazardous environments where wheeled robots fail. It is one of Hangzhou's "Six Little Dragons" and one of the most established legged-robotics companies in China.
In October 2025, Deep Robotics unveiled DR02, marketed as the world's first IP66-rated all-weather industrial humanoid. Official specs include roughly 175 cm height, operation from -20°C to 55°C, 1.5 m/s standard walking speed (4 m/s maximum test speed), 25 cm stair climbing, 20° slopes, and up to 10 kg dual-arm payload on the DR02 Pro configuration with 31 degrees of freedom. Modular quick-detach limbs target long-run industrial O&M. The platform runs on DeepVLA 1.0, the company's vision-language-action stack for embodied AI.
The humanoid line sits atop a much larger quadruped and wheel-leg business. DR01 arrived in 2024; DR02 is the second generation with broader industrial positioning. But IPO prospectus reporting in May 2026 was blunt: humanoid robot sales remained tiny — four units across 2024–2025 — while quadrupeds drove the revenue that mattered. Deep Robotics turned profitable in 2025 on ¥337 million revenue (up from ¥103 million in 2024), overwhelmingly from industrial quadrupeds and related products, not bipeds.
Financially, the company is scaling like an industrial platform, not a humanoid startup. Deep Robotics raised over ¥500 million in Series C funding in December 2025 (CMB International, ChinaAMC, China Telecom/Unicom-affiliated funds among investors) and filed for a ¥2.5 billion Shanghai STAR Market IPO in May 2026 at a valuation exceeding ¥10 billion. Proceeds are earmarked for embodied-AI R&D, robot bodies, and manufacturing capacity — with humanoids as one product line in a broader fleet strategy spanning quadrupeds, wheel-legs (Lynx M20/M20S), and bipeds.
For a robixone buyer, Deep Robotics is credible on locomotion engineering and harsh-environment industrial deployment — not on home use. DR02 inherits real quadruped pedigree and targets Chinese industrial and research pilots at roughly $50,000 (robixone estimate). Western enterprise buyers should expect China-first service infrastructure and a humanoid product line still early relative to the company's established robot-dog business.