Let the Brain Wander | BlueRun Ventures February Report

For everyone at BlueRun Ventures, February was an especially busy month.

Over the past month, BlueRun Ventures and its portfolio companies announced seven funding rounds. We've also been cooking up more new initiatives — booking a conference room has practically required "fighting" for it, with so many meetings and discussions happening.

On February 24, we joined top AI experts at Peng Cheng Laboratory to launch China's NLP Large Model Headquarters Base, becoming one of its first members. In recent years, we've felt the pace from lab to industry accelerating, and BlueRun Ventures hopes to be one of the accelerators helping research reach commercial application.

February is the tail end of winter, a preview of spring. We feel spring about to burst forth, so we let our minds roam free.

BlueRun Ventures' Sole Investment in Shuyu Technology's Pre-A Round

Shuyu Technology is a CAX industrial software company. This round raised tens of millions of RMB, which will be used for product R&D and market expansion. The company's pioneering CAD/CAE collaborative design cloud platform for injection molds, built on an integrated data-and-AI product architecture, significantly improves design and simulation efficiency while enhancing the usability of product design software.

BlueRun Ventures Leads Weiling Medical's Angel Round

This round raised tens of millions of RMB. Weiling Medical is a leader in brain-computer intelligent fusion technology, primarily developing medical-grade fully implantable wireless brain-computer interface systems. It is an internationally leading enterprise with fully independent technology across the entire implantable BCI chain.

BlueRun Ventures Participates in Insemi Technology's Series B Financing

Insemi Technology is a silicon carbide (SiC) power semiconductor company. This round completed two consecutive financings — a Series B and a B+ — totaling hundreds of millions of RMB. BlueRun Ventures previously led Insemi's Series A round of over 100 million RMB.

BlueRun Ventures Adds to TCab Tech's Pre-A Round

This round raised 100 million RMB, providing sufficient funding for the R&D, manufacturing, and testing of the E20 eVTOL prototype, continuing to build the company's leading position in tiltrotor eVTOL configuration. BlueRun Ventures was the sole investor in TCab Tech's seed round.

Youibot Completes Series C+ Round

This follows Youibot's Series C round of hundreds of millions of RMB just two months prior. This round will focus on empowering Youibot's productive capacity, achieving the leap to "machines building machines." BlueRun Ventures led Youibot's Series A round and participated in its Series B and B+ rounds.

Yunchu New Energy Completes Pre-A+ Round of Over 100 Million RMB

This round will primarily fund new product R&D, core capability building, and market expansion, supporting Yunchu in continuously improving its technology, products, and industry competitiveness. BlueRun Ventures led Yunchu New Energy's Pre-A round.

Zhongke Ruiyi Completes Series A Round of Tens of Millions of RMB

This funding will primarily be used for product R&D, clinical trials, product registration, and market promotion. Since June 2021, Zhongke Ruiyi has completed three funding rounds. BlueRun Ventures led Zhongke Ruiyi's Pre-A round.

Li Auto: Li L7 Officially Launched

The Li L7 comes in three models: Air, Pro, and Max. As Li Auto's first mid-to-large five-seat flagship SUV, it creates a spacious, comfortable, and warm exclusive space experience for families of three.

Youibot

Leads Launch of National Key R&D Program Project

The national key R&D program "Industrial Software" priority special project, "Development of Intelligent Factory Logistics Scheduling and Optimization Software for Multi-Robot Collaboration in Semiconductor Manufacturing," launched in Shenzhen. This project provides theoretical and technical support for a new mobile robot logistics system in semiconductor manufacturing, promoting the independent R&D and application of industrial software for intelligent production lines.

Tian Cheng Technology

Recognized as "Specialized, Refined, Innovative" Enterprise

According to the notice from Zhejiang Provincial Department of Economy and Information Technology on releasing the second batch of 2022 Zhejiang Province Specialized, Refined, Innovative SMEs list, Tian Cheng Technology was recognized as a 2022 Zhejiang Province Specialized, Refined, Innovative SME. Meanwhile, Tian Cheng's exoskeleton won the 2022 International Rehabilitation Product Innovation (China) Product Group Grand Prize.

Jishi Design

Recognized as "National High-Tech Enterprise"

Jishi Design was successfully selected for the Beijing Municipal 2022 Fourth Batch Recognized High-Tech Enterprise List. Jishi Design was also recently selected for the Alibaba Cloud Computing Nest Accelerator, and will conduct in-depth cooperation with Alibaba Cloud in enterprise services.

Shanhai Semiconductor

Launches Internationally Advanced 24-bit Precision AFE

The new 24-bit Σ-Δ low-power, low-noise, complete analog front-end SHC6248 not only achieves ultra-high-precision analog performance but also integrates complete analog chain modules.

BioMap

Releases Industry-Best Combination Drug Prediction Model

This research was jointly completed by BioMap with The Chinese University of Hong Kong, King Abdullah University of Science and Technology, and other academic institutions. The proposed new method, based on ultra-large-scale AI pre-training technology, not only achieves the industry's best prediction accuracy for combination drug effects but can also provide ideal combination drug effect predictions for new drugs or cell lines not seen in training data.

Shuyu Technology

Releases Two Cloud Products

The two products are Shuyu MoldSoul and Shuyu Geometric Constraint Solver (GCS). Shuyu MoldSoul — Intelligent Mold Flow Cloud Platform takes enterprise data as its core to build an expert knowledge system. Shuyu GCS has fully independent intellectual property rights, with functionality and performance approaching top foreign commercial solvers.

ReviR Therapeutics

Develops Innovative Cancer Therapies

ReviR Therapeutics and Asieris Pharmaceuticals, a global innovative pharmaceutical company focused on treating urogenital system tumors, announced a collaboration to jointly conduct research on innovative therapies for urogenital system tumors and related major diseases. Meanwhile, DeepTech recently released the "China Digital Medical Technology Innovation Enterprise Map," with ReviR Therapeutics selected as a "Pharmaceutical Digital Technology Innovation Enterprise."

Zhongke Ruiyi

Motor Function Quantitative Assessment System Approved for Market

The "Multi-modal Neurological Disease Intelligent Assisted Diagnosis System" (balance testing system), jointly developed by Peking Union Medical College Hospital, the Chinese Academy of Sciences Software Institute, and Beijing Zhongke Ruiyi Information Technology Co., Ltd., has received national medical device registration approval. Widespread application of this system will significantly improve medical institutions' diagnostic capabilities for neurological diseases.

NOLO

Launches New Self-Developed Hand Tracking Solution

The new self-developed hand tracking technology has achieved XR common operations including pointing, pressing, pinching, dragging, and sliding. Additionally, NOLO recently partnered with Tencent's Sogou Input Method to launch the first VR-exclusive input solution.

Yuntu Semiconductor

Becomes AUTOSAR Development Partner

AUTOSAR is a globally influential automotive electronics software standards organization. Yuntu Semiconductor is one of the few China-based automotive-grade chip original manufacturers in this ecosystem. Additionally, Yuntu Semiconductor received the "High-Quality Automotive-Grade Control Chip Supplier" award at the 2nd Automotive Chip Industry Conference, and was included in the 2023 High-Quality Supplier Recommendation Directory.

Borui Cycle

Lithium Battery Recycling European Standard Equipment Passes Review

This HAZOP (Hazard and Operability) review was conducted by the globally recognized TÜV SÜD professional analysis team. Completion of the review report will provide strong assurance for achieving inherent process safety in integrated lithium battery recycling equipment, and lay a solid foundation for Borui Cycle's ongoing CE certification of integrated equipment.

Anxin Shield

Receives Multiple Recognitions Including "Brave Climbing Star"

The 2023 China Network and Data Security Industry Summit Forum, hosted by the Ministry of Industry and Information Technology and Sichuan Provincial People's Government, was held. Anxin Shield received the "Brave Climbing Star" in the first cybersecurity high-growth enterprise selection.

The "Jiuan Plan" for improving information technology application innovation security capabilities, organized by the National Industrial Information Security Development Research Center, was officially launched. Anxin Shield became one of the first partners of the "Jiuan Plan."

At the 2nd Fifth Member Meeting of the Zhongguancun Network Security and Informatization Industry Alliance, Anxin Shield was awarded two honors: "2022 Cybersecurity Market Potential Unit — Innovation Vitality Award" and "2022 Alliance Work Special Support Unit."

2022 ChinaVenture · Sharp Company 100 List

BlueRun Portfolio Companies Gaussian Robotics, Nuclei System Technology, and Yuntu Semiconductor Selected

2022 China Cybersecurity Industry Panorama

FreeBuf Consulting released the CCSIP (China Cyber Security Panorama) 2022 China Cybersecurity Industry Panorama (Fifth Edition).

Moyun Technology | Selected in multiple segments including penetration testing, vulnerability detection, vulnerability management, software composition analysis (SCA), and cyber ranges.

Anxin Shield | Selected in multiple segments including basic security, detection, protection, and continuous improvement.

Gaussian Robotics

Selected for Dual Lists with Top Rankings

2022 China Technology Robotics Enterprises Top 50

This list, released by the Chinese Academy of Sciences' Internet Weekly in collaboration with eNet Research Institute and Deben Consulting, spans numerous robotics fields, evaluating comprehensive strength including enterprise scale, product reputation, and development potential.

China Smart Building Technology Enterprises TOP Ranking

This list, released by China Building Operations and Management Research Institute (COMIN China), ranked Gaussian Robotics first in smart robots (commercial building-related).

QingCloud Technology

Selected as Member of CAICT Zhuoxin Big Data Initiative

The "Zhuoxin Big Data Initiative" was launched by CAICT, aiming to promote healthy development of China's digital economy through multi-level guidance measures and basic services. Meanwhile, the 2nd Beijing Chaoyang District "Fengming Initiative" high-growth enterprise list was announced, with QingCloud Technology successfully selected.

Boray Data

Passes CMMI Level 3 Certification

This certification, issued by the US-based CMMI Institute, is currently the most authoritative global standard for assessing enterprise software capability maturity and project management level.

Yunchu New Energy

Research Results Selected as Annual Major Scientific and Technological Progress in China's Information and Communication Field

The "Digital Information Energy System Power Supply Equipment Based on Reconfigurable Battery Networks" achievement by Dr. Ci Song, Yunchu New Energy's founder and chief scientist, and his team was selected as a 2021 major scientific and technological progress in China's information and communication field.

PPIO

Selected as Top Ten in Edge Computing in IDC Report

In the latest China Edge Cloud Market Tracker, 2022H1 report released by International Data Corporation (IDC), PPIO continued to rank in the top ten in the edge computing industry. As the only edge public cloud service startup, it led in market share growth rate.

Wanxun Technology

Industry Solution Wins 2022 AI Productivity Innovation Award

The "2022 AI Productivity Innovation Awards" list, hosted by Zhidx, was announced. Wanxun Technology's industry-level solution "Orion Flexible Arm Drone Operation Solution" won in the 2022 Industrial and Commercial Upgrade category.

Nuclei System Technology

Wins 2022 IP Pioneer Award

The China RISC-V Alliance held its 2022 annual conference and awards ceremony. Nuclei System Technology's UX900 dual-mode RISC-V processor IP received the "2022 IP Pioneer Award" from the alliance.

BlueRun Ventures

Becomes Founding Member of China NLP Large Model Headquarters Base On February 24, the 4th OpenI/O Developer Conference "NLP Large Model Forum" was held in Shenzhen. At the conference, the China NLP Large Model Headquarters Base was launched. BlueRun Ventures, as an invited investor, joined top AI experts in opening the base and became one of its first members. BlueRun Ventures Investment Partner Jianping Shi delivered a keynote speech and participated in a roundtable discussion. The conference was hosted by Peng Cheng Laboratory and the New Generation Artificial Intelligence Industry Technology Innovation Strategic Alliance (AITISA), inviting leading academicians in China's AI open-source field, and gathering top experts from academia and industry.

We Are Continuously Recruiting:

Investment / Research / IR / Legal / HR / Marketing Interns

Work locations: Beijing / Shanghai / Shenzhen / Overseas (remote possible);

For more detailed job responsibilities and requirements, please click Read More at bottom left. Interested candidates please send resumes to recruiting@brv.com.cn, and indicate in your resume and email subject: Position Name - Name - School - Major - Available Internship Duration - BlueRun WeChat Official Account.

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Originating from Silicon Valley, BlueRun Ventures was established in 2005 and is a venture capital firm focused on early-stage startups.

Currently, BlueRun Ventures manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding 15 billion RMB, making it one of the largest early-stage funds domestically. Its investment stage focuses on Pre-A and Series A rounds, covering hard tech and innovative interaction, enterprise technology, new consumption, and healthcare. It has cumulatively invested in over 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi Used Cars, Qudian, Songguo Mobility, Ganji.com, Energy Monster, Yuntu Semiconductor, Machenike, Youibot, Anxin Shield, BioMap, and others.

BlueRun Ventures has been ranked first in Zero2IPO Group's "China Early-Stage Investment Institutions Top 30," first in ChinaVenture's "China Best Early-Stage Venture Capital Institutions TOP30," and named to Preqin's Top 10 Global VC Fund Managers with Sustained High Returns.

Additionally, BlueRun Ventures has for multiple consecutive years received honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media organizations, including "China's Best Early-Stage Institution of the Year," "China's Top Venture Capital Institution," "Most Entrepreneur-Friendly Early-Stage Institution of the Year," and "Most Influential Early-Stage Institution of the Year."