Early Summer, Time to Surf to Your Heart's Content! | BlueRun Ventures Bi-Monthly Report
The thrill of surfing freely under a blazing sun.
Early summer is the season of exploration. Enjoy the thrill of surfing freely under the blazing sun, and discover what new revolutions emerging technologies might unleash. Over the past April and May, BlueRun Ventures portfolio companies celebrated numerous investments, milestones, and recognition from across the industry. This early summer, come surf with us.
BlueRun Ventures Leads
KunTai Magnetic Levitation Completes Series A Funding
This round will primarily fund R&D and capacity building for magnetic levitation molecular pumps. Founded in 2022, Hangzhou KunTai Magnetic Levitation Technology is a global leader in micro magnetic levitation technology applications. The company focuses on developing a series of ultra-high-speed magnetic levitation motors. Its proprietary micro magnetic levitation platform, refined over more than a decade by the core technical team, has solved three critical barriers to widespread magnetic levitation adoption: miniaturization, mass production, and cost reduction.
BlueRun Ventures Continues to Double Down
OPTIX Completes Pre-A Round
This marks OPTIX's third funding round in less than two years. The previous angel round was led by BlueRun Ventures, bringing the company's total funding to over RMB 100 million. Founded in Beijing in August 2022, OPTIX provides core AR/VR optical display technologies and components to global customers. With optical hardware R&D as its main focus, the company delves into fundamental principles, materials, equipment, and processes to break through technical bottlenecks and create world-class, generation-ahead AR/VR optical solutions.
UniUni Completes $50 Million Series C
This round comes just four months after UniUni announced its $20 million Series B2 in December 2023, led by Canadian tech investment firm Celtic House Venture Partners. As an innovator in North American e-commerce last-mile logistics, UniUni will continue to disrupt B2C final-mile delivery through its e-commerce-optimized logistics platform and variable-cost model for driver recruitment, dispatch, and route planning. BlueRun Ventures led UniUni's Series A and has continued to invest in subsequent rounds.
YunChu New Energy Completes Tens of Millions of RMB in Series A Funding
This round will fund capacity expansion, technology R&D, and working capital. Founded in 2012, YunChu New Energy provides core network equipment, solutions, and operational services for the energy internet. The company currently has GWh-scale digital energy storage system delivery capabilities, with vertical industry solutions already deployed across power generation/grid/user-side digital energy storage systems and digital UPS systems for base stations, equipment rooms, and data centers. BlueRun Ventures previously led XinGan Semiconductor's Series A funding of over RMB 100 million and added to its position in subsequent rounds.
XinGan Semiconductor Secures New Strategic Investment
XinGan Semiconductor focuses on technological breakthroughs and product development in third-generation semiconductor SiC power devices and power modules, aiming to become a leading domestic and internationally influential pioneer in power semiconductor transformation. BlueRun Ventures previously led XinGan Semiconductor's Series A funding of over RMB 100 million and added to its position in subsequent rounds.
Boray Data
Launches LLM Knowledge Base All-in-One Machine
This integrated hardware-software AI+education product combines Boray Data's cutting-edge technologies and industry resources for one-stop, visualized, out-of-the-box deployment. It aims to drive innovation in higher and vocational education through an "AI+Data" approach, addressing common pain points in current AI teaching practice and providing a powerful engine for cultivating "AI+X" interdisciplinary innovative talent and high-skilled technical professionals.
Zero Gravity-Controlled Ruien Aircraft Industry Delivers First RX1E-A Electric Fixed-Wing Aircraft
The delivered RX1E-A is the only certified electric light sport aircraft in China. For research test flights and new aircraft delivery, Zero Gravity has established a strategic partnership with Feidong Bailong Airport. The two parties will also jointly develop aviation education and science popularization programs, leveraging Hefei's rich industrial resources to develop low-altitude consumer projects and collaboratively build Anhui's low-altitude economic ecosystem.
XinGan Semiconductor Launches 1200V/13mΩ Low On-Resistance SiC MOSFET Compatible with 15V Gate Drive
With on-resistance as low as 13mΩ at 15V gate drive, paired with low thermal resistance TO-247-4L Plus packaging, the product effectively enhances current capability to meet high-power application demands. This marks a new breakthrough for XinGan Semiconductor in high-current, low on-resistance product and technology development, further accelerating the localization of power devices in the new energy sector.
VITURE Launches Upgraded Magic Dock Pro
The Magic Dock is VITURE's original ecosystem accessory custom-built for Switch users. Since its 2022 launch, it has received unanimous praise from overseas players and has been widely emulated by domestic AR glasses brands. The Magic Dock Pro supports dual DP output, enabling simultaneous connection to two AR glasses and innovatively enabling two-player shared-screen gaming and viewing.
WanXun Technology Launches Orion AP3-P1 Flexible Spraying System
The Orion AP3-P1 flexible spraying system is compatible with DJI M300/M350 and other light-load drone platforms. Its unique flexible joints enable three-dimensional, multi-surface, dead-angle-free spraying, providing the industry with safe, stable, convenient, and efficient multi-angle, refined, lightweight aerial spraying solutions for both hovering and flying operations. It can be widely applied to high-altitude operations in energy and power, building inspection, wind power maintenance, and other industries.
QingCloud Technology Signs Another RMB 170 Million Computing Service Contract
The main transaction involves providing computing power to customers through an AI intelligent computing platform, including computing management and scheduling, computing resource integration and management, and diverse heterogeneous computing support. Previously, in December 2023, QingCloud delivered RMB 134 million worth of GPU server products to an AI computing procurement customer and signed a new RMB 170 million computing lease contract with an AI computing rental customer.
YunSheng Intelligence Helps Suzhou Build New Low-Altitude Economy Hub
At Suzhou's Low-Altitude Economic Development Conference, multiple districts signed strategic cooperation agreements with YunSheng Intelligence. YunSheng Intelligence was also named one of "Suzhou's First Batch of Low-Altitude Economy Pioneer Enterprises" and officially launched its low-altitude service operation model. Each fully autonomous drone inspection system will serve as an aerial grid officer "Yun Xiao Sheng," enabling "one screen to view the world, one network to manage all domains" on the control platform, helping cities build integrated air-ground governance complexes and achieve refined urban management.
BioMap and Porton Bio Two Collaborative Results to Debut
BioMap recently participated in the 27th American Society of Gene & Cell Therapy (ASGCT) Annual Meeting, showcasing its latest collaborative results with Porton Bio on accelerating AAV vector design through life science large models. In November last year, BioMap announced a strategic partnership with Porton Bio. Based on Porton Bio's proprietary adeno-associated virus (AAV) vector technology platform and large-scale data, BioMap developed AAV assembly efficiency and tissue distribution models.
Galaxy Universal and Peking University Formally Establish Joint Laboratory
The "Peking University–Galaxy Universal Embodied Intelligence Joint Laboratory" research team comprises experts and scholars from Peking University and Galaxy Universal. It combines Peking University's deep academic foundation in artificial intelligence and embodied intelligence with Galaxy Universal's technical R&D capabilities and commercialization experience in embodied intelligence.
WhaleOps Recognized as National High-Tech Enterprise
This certification reflects WhaleOps' outstanding capabilities in R&D, technological innovation, and market competition, demonstrating the company's commitment to advancing technological progress and industrial development.
Gaussian Robotics Debuts at Interclean Amsterdam
With a 120-square-meter booth, Gaussian Robotics was one of the largest exhibitors at this year's show and among the most popular.
Meanwhile, the Shanghai Specialized and Sophisticated Enterprises Brand Value series list was officially released at the "Shanghai Specialized and Sophisticated Enterprises Brand Value Innovation and Enhancement Special Event." Gaussian, as a Shanghai Specialized and Sophisticated Enterprise and Shanghai Science and Technology Little Giant Enterprise, was named to the Shanghai SMEs Most Promising Brands list.
BlueCore Technology Debuts at KOREA MAT 2024
BlueCore Technology showcased multiple 3D vision-enabled mobile robots at KOREA MAT 2024, aiming to accelerate its overseas strategy and drive transformation in global manufacturing production and management through innovative technology. As a global leader in next-generation mobile robots, BlueCore provides intelligent logistics solutions for production lines to multiple overseas enterprises including South Korea's LG, helping them enhance competitiveness.
Mushiny Robotics Debuts at UAE AIM Conference
Mushiny Robotics, a global leader in autonomous driving unmanned transport solutions, successfully debuted at the UAE Annual Investment Meeting (AIM Conference). At the conference, Mushiny Robotics' CEO detailed the company's innovative solution "Mushiny Commander" to UAE government officials. This innovative technology received high recognition from UAE officials, who expressed that this solution would have profound impact on the logistics industry in the UAE and globally.
YunSheng Intelligence Featured on CCTV's Xinwen Lianbo
CCTV1's Xinwen Lianbo praised YunSheng Intelligence as a national specialized and sophisticated "Little Giant" enterprise. The report highlighted YunSheng Intelligence's integration of artificial intelligence and drones, launching the industry's first fully autonomous drone inspection system. Co-founder and CMO Dr. Zhu Shengli stated in an interview that the booming low-altitude economy has created new demands for low-altitude infrastructure capacity, with the company's order volume continuing to grow.
Machenike Receives Multiple Recognitions
Named 2023 Shanghai Jiading District "Little Giant Enterprise"
Named Shanghai "Specialized and Sophisticated" SME
Awarded "Shanghai Enterprise Technology Center"
Xinchen AI's "FASHION DIFFUSION" Fashion Design Large Model Recognized
Xinchen AI and Zhiyi Technology's jointly developed "FASHION DIFFUSION" fashion industry AI large model was featured on CCTV-4's China News program. The FD model's appearance on the program represents official recognition of the model's productivity, innovation, and Xinchen AI's technical strength in artificial intelligence.
Zhongguancun Forum
2023 Zhongguancun U30 List
- YunSheng Intelligence: Chen Fangping
- WhaleOps: Dai Lidong
- Zhongke Ruiyi: Fan Xiangmin
36Kr
2024·Under36
- Zhilin Yang, Founder & CEO, Moonshot AI
- Peng Zhihui, Co-founder & CTO/Chief Architect, AgiBot
- Yang Zhao, Founder & CEO, Energy Singularity
- Yang You, Founder & Chairman, Luchen Tech
- Zhao Wanqiu, Co-founder, Youibot
- Chen Fangping, CEO, YunSheng Intelligence
Jazzyear
2024 Innovative Enterprises List
- China AI Computing Layer Innovative Enterprises | QingCloud Technology, Luchen Tech
- China AI Application Layer Innovative Enterprises | Huiyi Huiying
- China AI Foundation Model Innovative Enterprises | Moonshot AI
ArteryNet
2024 Future Healthcare 100 List
- China Innovative Devices & Intelligent Manufacturing TOP100 | Chengtian Technology
- China Innovative Pharmaceuticals & Biological Products TOP100 | BioMap
- China Healthcare & Health Innovative Services TOP100 | Shanzhen
ArteryNet
2024 VBEF Healthcare Industry Innovative Products List
MindLax Yuanlai Technology, Weiling Medical, Lida Xiandao, Chengtian Technology
TCab Tech
Named Top Ten Cases of Shanghai Innovation and Entrepreneurship
The 5th Shanghai Innovation and Entrepreneurship Youth 50 Forum was held on May 18 at Shanghai Tower, co-guided and hosted by the Shanghai Municipal United Front Work Department and Municipal Organization Department, among others. This selection focused on post-80s and post-90s youth, chosen from 246 innovation and entrepreneurship cases.
Luchen Tech
Named to 2024 Forbes
China AI Technology Enterprises TOP 50
Recognized for its innovative achievements and industry contributions in intelligent computing, Luchen Tech received two important awards: "2024 Forbes China AI Technology Enterprises TOP 50" and the 7th Zhongguancun International Frontier Technology Competition AI field. Luchen Tech founder Professor Yang You was also named "China Intelligent Computing Innovation Figure," comprehensively reflecting Luchen Tech's outstanding performance in AI technology.
BlueRun Ventures Presents
First Tech Business Podcast: What's So Blue About Entrepreneurship
What's So Blue About Entrepreneurship is BlueRun Ventures' first tech business podcast, where each episode reveals a truth about entrepreneurship and technology. The first episode focused on logistics entrepreneurship opportunities amid North American commercial flow transformation. With curiosity, entrepreneurship isn't so hard!
BlueRun Ventures Co-hosts
Polypeptide Drugs and Industry Chain Innovation Development Forum
BlueRun Ventures co-hosted the Polypeptide Drugs and Industry Chain Innovation Development Forum in Beijing with ArteryNet, VB100, Eggshell Research Institute, and ArteryOrange, inviting over ten guests from listed companies, industry leaders, and star startups to join BlueRun's investment team in focusing on polypeptide drug and industry chain development trends, industrial ecology, innovative products, and cooperative development — exploring the infinite possibilities and future space of the polypeptide drug industry.
2023 ChinaVenture Rankings
BlueRun Ventures | China Best Early-Stage Venture Capital Firm TOP3
BlueRun Ventures | China Best Digitalization & Informatization Industry Investor TOP30
ArteryNet
2024 Future Healthcare 100 List
BlueRun Ventures | Healthcare Early-Stage & Angel Investor of the Year
Previous Content
Founded in 2005, BlueRun Ventures is a venture capital firm focused on early-stage startups.
Currently managing over RMB 15 billion in assets, BlueRun Ventures is one of China's largest early-stage funds. It invests primarily at Pre-A and Series A stages across technology, consumer, and healthcare sectors, with over 200 portfolio companies including Li Auto, Waterdrop, QingCloud, Guazi.com, Qudian, Ganji.com, Energy Monster, Gaussian Robotics, Songguo Mobility, Yuntu Semiconductor, Machenike, YunSheng Intelligence, Anxin Wangdun, and BioMap.
BlueRun Ventures has been ranked #1 on Zero2IPO's "China Top 30 Early-Stage Investment Firms" and ChinaVenture's "China Best Early-Stage Venture Capital Firms TOP30," and was named to Preqin's Top 10 Global VC Fund Managers for Sustained High Returns.
Additionally, BlueRun Ventures has repeatedly received honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media outlets as "China Early-Stage Firm of the Year," "China Top Venture Capital Firm," "Most Entrepreneur-Friendly Early-Stage Firm of the Year," and "Most Influential Early-Stage Firm of the Year."