Facing the Challenges Head-On, Staying the Course | BlueRun Ventures Bi-Monthly Report

In a sense, confronting difficulties and maintaining firm confidence are two sides of the same coin — both amount to "believing in the future." Because we believe in the future, we are neither blindly optimistic nor defeated by hardship. Like the poet, we trust that "the countless explorations, wrong turns, failures, and successes of our backbone / will surely receive passionate, objective, and fair judgment."

Luchen Tech

Completed Series A++ Financing of Several Hundred Million RMB

Luchen Tech's large model training and inference system Colossal-AI and video foundation model Open-Sora both ranked #1 globally on GitHub, topping the charts in AI training/inference systems and open-source video models respectively, with a combined 60,000 stars on the platform. The company has also made notable strides in inference system optimization — its open-source inference system matches the latency of top-tier technologies like vLLM and JAX while delivering 50% faster inference speeds. BlueRun Ventures was Luchen Tech's angel round investor.

Machenike

Completed Series C1 Financing of Several Hundred Million RMB

With this round of funding, Machenike will increase R&D investment in cutting-edge technologies including BEV perception algorithms and cockpit-driving-parking integration, while developing its next-generation ADAS advanced driver-assistance systems. The company will also accelerate the global market deployment of its new energy intelligent heavy-duty trucks, including overseas partnerships with Aramco in the Middle East and Europe, and strengthen collaboration with governments and industry organizations. BlueRun Ventures led Machenike's Pre-A round and participated in its Series A financing.

Garen Semiconductor

Completed Pre-A Financing of Nearly 100 Million RMB

Concurrently, with the signing of a strategic cooperation agreement with Hangzhou Bank, the company will further deepen its collaboration with financial institutions to jointly explore new models and pathways for the deep integration of technology and finance. BlueRun Ventures led Garen Semiconductor's angel round.

ZeroG Aircraft Industry

Completed Series A Financing of Nearly 100 Million RMB

This round of funding focuses on ZeroG's eVTOL projects, providing capital support for airworthiness certification of its multirotor ZG-ONE and full-state flight testing of its tiltrotor ZG-T6 full-scale prototype, while further accelerating the commercialization of its new energy aircraft products including the electric fixed-wing RX1E-A. BlueRun Ventures was ZeroG's exclusive seed round investor and has continued to add to its position.

Dearbog

Raised Tens of Millions of RMB in Pre-A Financing

The funds will be used for technology and product iteration, market expansion, and other purposes. Dearbog is a company focused on intelligent robots for the heavy industry sector, providing customers with flexible robotic process stations. Based on multi-algorithm and multi-sensor fusion, Dearbog proposes an intelligent "single-station" solution built on mature hardware including industrial robots, 3D cameras, and terminal process execution equipment, centered on intelligent perception and decision-making workflows to provide enterprises with modular, flexible smart factory solutions. BlueRun Ventures was Dearbog's angel round investor.

AgiBot

Released Five Commercial Robot Models

At its August product launch, AgiBot unveiled five new commercial humanoid robots across its "Expedition" and "Lynx" families: Expedition A2, Expedition A2-W, Expedition A2-Max, Lynx X1, and Lynx X1-W. Over the past year, building on the Expedition A1 prototype, the company has undertaken extensive forward design work for mass production, including in-house development of core components and system architecture restructuring. Through deep hardware-software integration and continuous optimization of supply chains, manufacturing chains, and production processes, AgiBot is pushing the Expedition series from prototype to mass production and commercial application.

Xinchen AI

Officially Released Xinchen Lingo, China's First End-to-End General-Purpose Voice Foundation Model

"Xinchen Lingo" achieves end-to-end voice technology, directly comprehending speech during conversations — capturing tone, rhythm, and emotion — and responding with synthesized voice, reducing information loss in processing and making machines more attuned to humans. This is also China's first end-to-end voice foundation model, pioneering a new paradigm for human-machine interaction. Within less than 10 days of opening beta test reservations, Xinchen Lingo has attracted over 1,000 enterprise users.

PPIO

Paiou Cloud Releases New Cloud Computing Products

The new Serverless and Model API service products further complete Paiou's cloud computing product matrix, marking PPIO's expansion from edge cloud to AI infrastructure — bringing more cost-effective, elastic, and user-friendly one-stop AI infrastructure products and services to AIGC innovators and developers.

BlueRun Ventures Portfolio Companies Named "National Little Giant" Specialists

• CloudSino Intelligence
• Bocycle
• BlueCore Technology
• Shanhai Semiconductor
• YunChu New Energy
• LLVision

BlueCore Technology

VMR Subsidiary Releases First Humanoid Robot VersaBot

VMR officially launched its first humanoid robot VersaBot at the 2024 World Robot Conference — also the world's first "pure" vision-based humanoid robot, integrating multi-dimensional perception, dynamic decision-making, and autonomous learning capabilities to redefine the path of intelligent manufacturing upgrades.

Ruishì Technology

Dafaceshutong® Dynamic Digital Defocus Far-Vision Screen D1 Launched

The Dafaceshutong® Dynamic Digital Defocus Far-Vision Screen D1 is designed to meet vision protection needs across different demographics. As the only company in the far-vision screen category to obtain a national Class II medical device registration certificate, Ruishì Technology has successfully advanced far-vision screen technology from the traditional "near-to-far" viewing concept to the cutting-edge era of "digital defocus personalized customization" through innovative technology.

Garen Semiconductor

Launches Dedicated Gallium Oxide Crystal Growth Equipment

As a pioneer in ultra-wide bandgap semiconductor gallium oxide materials, Garen Semiconductor released its first dedicated gallium oxide crystal growth equipment. The equipment not only meets all requirements for gallium oxide crystal growth but also integrates multiple proprietary innovations, representing a new milestone in Garen Semiconductor's closed-loop technology for gallium oxide single-crystal materials.

Yimoo Technology

Mining Truck EM186H Achieves Mass Delivery

Leveraging its proprietary Yunzi platform, Yimoo Technology developed the higher-payload EM186H model, continuously breaking domestic mining truck payload bottlenecks. The EM186H has now reached a major milestone in mass delivery, significantly improving mining transportation efficiency, delivering greater economic benefits to customers, and further consolidating Yimoo Technology's innovation advantage in the mining truck sector.

QingCloud Technology

Announces Open Source of Thanos Enterprise Distribution Whizard

This brings enterprises a truly high-availability, scalable solution for storing and querying massive monitoring data — an easy-to-operate, secure Prometheus long-term storage solution. Through Whizard's open sourcing, the KubeSphere observability team hopes to extend KubeSphere's enterprise multi-cluster monitoring and alerting expertise to more enterprise users, and welcomes more developers to contribute to the Whizard project.

BioMap

Partners with DBN Group to Build Large Agricultural Biotech AI Scenario Models

The two parties will combine BioMap's xTrimo life science foundation model with hundreds of billions of parameters and DBN Group's application scenario advantages in agricultural biotechnology to jointly build a large agricultural biotech AI model, co-creating the Zhongguancun Bio-intelligent Manufacturing Innovation Center, focusing on biosynthesis, gene editing, proteomics, pharmaceutical health, AI+, and other directions.

BlueCore Technology

Receives Zhejiang Province Scientific and Technological Achievement Registration Certificate

The Zhejiang Provincial Department of Science and Technology officially awarded the enterprise its Scientific and Technological Achievement Registration Certificate. The appraisal committee determined that BlueCore Technology's achievement in "3D visual perception and swarm intelligence applications for mobile robots in ultra-large complex scenarios" has reached an overall international advanced level, with its mobile robot 3D visual perception technology reaching an internationally leading level.

EasyStack

Two Products Receive First Batch of Kunpeng Native Development Certifications

As an important partner in the Kunpeng computing industry ecosystem, EasyStack has maintained close collaboration. Previously, EasyStack ECF cloud infrastructure product v5 version completed product compatibility mutual certification with Kunpeng. Beyond deep product adaptation, to meet enterprise customers' diverse computing needs in complex data environments, EasyStack provides ARM, x86, and other heterogeneous computing capabilities for user business applications, building a multi-cloud heterogeneous cloud platform based on Kunpeng.

Wanxun Technology

Leads Development of First National Group Standard for Soft Robotics

"Technical Requirements for Soft Robots" (T/CIET 570-2024) is the pioneering first national group standard in the soft robotics field. With top-tier technical strength and deep industry accumulation, Wanxun Technology ranked first among enterprise contributors, leading and directing the entire process of project initiation, content drafting, and verification implementation.

CloudSino Intelligence

Strategic Partnership with China Telecom Unmanned Technology

China Telecom Unmanned Technology is a wholly-owned subsidiary of China Telecom Group Co., Ltd., serving as a network infrastructure provider focused on cutting-edge technology research in the low-altitude economy. The company is committed to delivering comprehensive low-altitude technology application products and solutions through continuous innovation in technology, products, and services — having now developed full-stack self-developed product capabilities centered on the low-altitude economy.

ZeroG

Aircraft Order and Strategic Partnership with Zhongtian Security Group

The two parties formally announced a deep strategic partnership, under which Zhongtian Security Group will purchase ZeroG's multirotor eVTOL aircraft ZG-ONE and other cutting-edge new energy aircraft, while jointly planning distribution cooperation in Africa and other global overseas markets.

BlueRun Ventures Hosts 2024 World Robot Conference Forum on General-Purpose Robotics and Embodied Intelligence Frontier Technology Commercialization

Leading researchers from top universities and research institutions, industry players, prominent entrepreneurs, and top investors gathered to discuss the thinking and practice behind translating general-purpose robotics and embodied intelligence frontier technology from academia to industry. The 2024 World Robot Conference, co-hosted by the Chinese Institute of Electronics and the World Robot Cooperation Organization, is the largest and highest-specification premier event in the robotics field. BlueRun Ventures' "General-Purpose Robotics and Embodied Intelligence Frontier Technology Commercialization Forum" was the only forum initiated by a market-based venture capital institution at this year's conference.

BlueRun Ventures Deeply Supports Inaugural Hong Kong Startup Investment and Development Summit

The Hon. Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region, and Ms. Clara Chan Ka-kei, CEO of Hong Kong Investment Corporation Limited, attended as officiating guests and delivered speeches. During the summit's panel discussion, Terry Zhu, Managing Partner of BlueRun Ventures, stated: "Establishing our presence in Hong Kong is key to our globalization strategy, particularly in artificial intelligence, new energy, and advanced manufacturing — Hong Kong, as an innovation convergence point, offers enterprises unique market access and capital channels."

BlueRun Ventures Launches Live Interview Series Booming Talk

First Episode Features Zhiyuan Jun

The first episode of "Booming Talk" invited Peng Zhihui, Co-founder of AgiBot, and Cao Wei, Partner at BlueRun Ventures, to discuss the present and future of humanoid robots, with Manqi Cheng, Deputy Editor-in-Chief of LatePost, serving as moderator. "Booming Talk" is BlueRun Ventures' first live interview program, which will continue to invite booming entrepreneurs from its portfolio for conversations, hoping to harness technology's power against the entropy of our times.

China Venture Capital Research Institute China Venture Capital Industry Annual Rankings Golden Investment Awards Mid-Year List BlueRun Ventures | 2024 China Most Influential Investment Institution TOP100 BlueRun Ventures | 2024 China Best AI & Big Data Investment Institution TOP20 BlueRun Ventures | 2024 China Best Digital Economy Investment Institution TOP20

36Kr

China's Most Influential Industrial Investment

Annual Rankings Across Ten Sectors

BlueRun Ventures | China AI Sector Industrial Investment Fund TOP20

BlueRun Ventures | China Embodied Intelligence Sector Industrial Investment Fund TOP20

BlueRun Ventures | China Aerospace Sector Industrial Investment Fund TOP20

BlueRun Ventures | China New Energy Sector Industrial Investment Fund TOP20

BlueRun Ventures | China Best ESG Investment Practice Institution TOP50

BlueRun Ventures, Terry Zhu | China AI Sector Investor TOP20

BlueRun Ventures, Terry Zhu | China Aerospace Sector Investor TOP20

BlueRun Ventures, Terry Zhu | China New Energy Sector Investor TOP20

BlueRun Ventures, Cao Wei | China Embodied Intelligence Sector Investor TOP20

China Securities Journal

8th Golden Bull Equity Investment Awards

BlueRun Ventures | Golden Bull Venture Capital Excellence Institution

BlueRun Ventures | Golden Bull Big Data and AI Sector Excellence Investment Institution

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