Birds Fly Over the Harsh Winter | Monthly
Spring mountains within sight, the future there to climb.
Winter is not a season of stagnation, but a starting point for gathering strength and preparing to take flight. Birds survive the winter because they know how to ride the wind and move toward the light. The same holds true for creators — capturing opportunity amid challenges, carving new paths through the unknown. Over the past two months, we crossed into 2024 alongside the creators of the BlueRun family, scaling peak after peak: whether in technological innovation, market expansion, or global strides forward, every step was resolute and powerful. The bird's trajectory is not merely a farewell to winter, but a prelude to spring. In 2025, BlueRun Ventures will continue to stand beside every brave creator as we embrace a broader horizon together.
BlueRun Ventures Continues to Double Down
Wanxun Technology Raises Nearly RMB 200 Million in Series A Funding
This round of financing will provide fresh momentum to accelerate the global adoption of soft robotics and embodied AI across more markets, industries, and scenarios. BlueRun Ventures is an investor in Wanxun Technology's Series A and A+ rounds.
Nankai Hecheng
Completes RMB 200 Million Series B Funding
This round will primarily fund capacity expansion and talent acquisition, advancing the company's ambition to become a global leader in functional polymer resins. The polypeptide industry stands at an inflection point driven by supply and demand; Nankai Hecheng has spent decades cultivating expertise in functional polymers and possesses top-tier R&D capabilities. BlueRun Ventures was an investor in Nankai Hecheng's Series A round.
ZeroG Aircraft Industry
Raises Over RMB 100 Million in Series A+ Funding
The proceeds will fund R&D, manufacturing, and commercial operations for multiple new-energy aircraft in ZeroG's portfolio, injecting momentum into its core product lines. The round will also deepen ZeroG's exploration and positioning in green aviation. BlueRun Ventures was the sole seed-round investor in ZeroG and has continued to add to its position.
Bocycle
Raises Nearly RMB 100 Million in Series B Funding
This round validates Bocycle's global technical leadership in R&D and engineering applications for recycling critical battery materials, as well as its extensive international project track record and overseas expansion capabilities. BlueRun Ventures was the sole Pre-A round investor in Bocycle.
Sinorythm
Completes Tens of Millions of RMB in Series A+ Funding
The capital will be directed toward product development, clinical trials, regulatory registration, and market expansion. Sinorythm provides intelligent solutions spanning screening, diagnosis, treatment, and research for neurological diseases, addressing critical clinical pain points. The company has established four R&D and commercialization platforms with over ten product pipelines, building "new infrastructure" at the intersection of brain science and engineering. BlueRun Ventures led Sinorythm's Pre-A round.
Mooe Robot
Completes Series B3 Funding
This round will accelerate overseas market expansion, deepening presence in key international markets including Europe, North America, Japan, and Korea through local sales and service networks and strategic partnerships. Mooe Robot entered the logistics sector in 2019, pioneering the large-scale deployment of autonomous forklifts in the industry. BlueRun Ventures is an investor in Mooe Robot's Series B rounds.
Li Auto
Establishes German R&D Center
On January 17, 2025, Li Auto held the opening ceremony for its German R&D Center in Munich, marking the launch of its global R&D strategy. This is Li Auto's first overseas R&D center, focusing on advanced styling design, power semiconductors, intelligent chassis, and electric drive — collaborating with domestic teams on next-generation technology development. The center will also help Li Auto understand the European market, build development and testing capabilities aligned with European regulations, and accelerate intelligent transformation.
AgiBot
Releases AgiBot World, the World's First Million-Scale Real-Robot Open-Source Dataset
AgiBot World is the world's first million-scale real-robot dataset based on comprehensive real-world scenarios, full-spectrum hardware platforms, and end-to-end quality control, covering five major scenarios including home, dining, and industrial settings. Data quality has been elevated from laboratory-grade to industrial-grade, marking the "ImageNet moment" for embodied AI. Compared to Google's Open X-Embodiment dataset, AgiBot World features 10x more long-horizon data, 100x broader scenario coverage, and industrial-grade rather than laboratory-grade quality. In this embodied data world, robots move beyond simple tabletop tasks to integrate into every aspect of human daily life.
Moonshot AI
Releases k1 Visual Thinking Model and k1.5 Multimodal Thinking Model
The k1 model, built on reinforcement learning, features end-to-end image understanding and chain-of-thought capabilities, delivering outstanding performance on benchmark tests in foundational sciences including mathematics, physics, and chemistry — surpassing global benchmarks including OpenAI's o1. The k1.5 model further advances multimodal reasoning and general reasoning capabilities, substantially exceeding GPT-4o and Claude 3.5 Sonnet in short-thinking mode and matching the performance of OpenAI's o1 official release in long-thinking mode.
Galaxy Universal
Releases GraspVLA, the World's First End-to-End Embodied Grasping Foundation Model
Galaxy Universal, in collaboration with BAAI, Peking University, and The University of Hong Kong researchers, released GraspVLA, the first fully generalizable end-to-end embodied grasping foundation model. Pre-trained on one billion frames of synthetic data, the model possesses seven generalization capabilities and supports zero-shot testing. For specialized requirements, only small-sample post-training is needed for rapid adaptation — breaking through the data bottleneck and generalization limitations of embodied AI and laying groundwork for the commercial application of general-purpose embodied robots.
Lingchu Intelligence
Releases Psi R0, the First End-to-End Reinforcement Learning Embodied Model
This model supports bimanual dexterous manipulation for complex operations, chaining and mixing multiple skills in training to generate reasoning-capable agents that complete and close the loop on long-horizon dexterous tasks. Psi R0 also achieves cross-object, cross-scenario generalization, breaking through core technical bottlenecks currently facing embodied robots in commercial application and opening up entirely new and expansive territory for the industry's future development.
QingCloud Technology
CoresHub Launches DeepSeek-R1 Series Models
QingCloud's AI computing cloud service CoresHub has officially launched four distilled models from the DeepSeek-R1 series, with DeepSeek-V3 and the full R1 model coming soon to the platform.
Energy Singularity
Successfully Ignites Tokamak "Honghuang-70"
Energy Singularity's tokamak "Honghuang-70" has been successfully ignited, marking another step toward certainty for Shanghai's forward-looking future energy industry. The company will next build "Honghuang-170" with a Q value (energy gain target) exceeding 10 to demonstrate commercial viability of fusion energy, followed by "Honghuang-380" for pilot fusion power generation. By 2035, China may see its first kilowatt-hour of electricity from controlled nuclear fusion.
Weiling Medical
Initiates Clinical Study for Implantable Brain-Computer Interface
Over ten nationally renowned tertiary hospitals are participating in the first round of intraoperative applications. The study employs Weiling's self-developed "CORTEX-0 flexible electrode array" and portable intracranial EEG monitor. The flexible electrode array features high biocompatibility, ultra-thin structure, and high-density electrode contacts, enabling tight adhesion to the cerebral cortex and stable capture of high-precision neural signals. The novel portable monitor overcomes limitations of traditional equipment, enabling continuous monitoring during patients' daily activities to support more precise diagnosis and treatment.
Ruishirui
Releases First Self-Developed AVS3 Visual Intelligence Chip SPARK RE3200
The chip supports China's fully independent intellectual property AVS3/SVAC video compression standard, delivering significantly improved compression efficiency over the previous generation. It features a high-performance RISC-V processor and is compatible with H-series standard encoding and decoding. Targeting the public service video market, the chip is applicable to surveillance cameras, visual communications, recorders, and other fields. Its successful release marks another milestone in filling domestic gaps and achieving international leadership in the industrial application of China's independently developed video coding standards.
ZeroG Aircraft Industry
RX1E-A Receives Production Certificate
Designed under the leadership of academician Yang Fengtian, chief designer of the J-8II fighter jet, the aircraft features domestically produced core components with advantages in economy, safety, and environmental protection. Maximum takeoff weight is 630kg, with capacity for two people, range of 280 kilometers, endurance of 150 minutes, and battery swap in just five minutes. The RX1E-A has accumulated over 25,000 hours of safe flight with more than 1,000 letters of intent, primarily for pilot training, flight experience, and low-altitude sightseeing.
Tian Cheng's Company
Products Receive EU Medical Device CE Certification
Following CSA (Canadian Standards Association) safety testing certification, Tian Cheng's UGO series of rehabilitation exoskeletons has been granted medical device CE certification, further strengthening competitiveness in international markets. With CE certification, the company's rehabilitation exoskeleton products can now enter the EU market, providing rehabilitation services to users in more countries and regions.
BioMap
Announces Strategic Partnerships with Tsinghua University and CAAS Bio-Institute
On January 9, 2025, BioMap announced a strategic partnership with Tsinghua University's School of Biomedical Engineering to jointly advance the cutting-edge integration of "AI for Life Science." The two parties will leverage their respective resources and technical strengths to deepen collaboration in AI model development and application for biomedical research, driving innovation and translation in life science technology. Additionally, BioMap will collaborate with the Chinese Academy of Agricultural Sciences Bio-Institute on AI+ agricultural technology innovation and intelligent design breeding, based on its life science foundation model platform, supporting China's agricultural technology innovation and intelligent transformation.
Haivivi
Partners with Volcano Engine to Launch First AI Hardware Product
Haivivi and Volcano Engine are jointly exploring AI technology applications in the toy sector, launching the first AI hardware product BubblePal with interactive story creation, real-time emotional dynamics, and other features — dedicated to creating a true "best playmate" for users.
PowerLaw AI
Receives Highest Science and Technology Award in Chinese Information Processing
At the 2024 Annual Conference of the Chinese Information Processing Society, PowerLaw AI, in collaboration with Tsinghua University, received the First Prize for Technical Invention for its project on "Data-Driven and Knowledge-Guided Deep Integration for Systematic Legal AI Key Technologies and Applications."
Yusheng Intelligent
Wins China Design Intelligence Award for Second Consecutive Year
Following last year's award for the "Holy·Lotus Lantern" fully autonomous drone inspection system, Yusheng Intelligent's new "Holy·Wind Fire Wheel" vehicle-mounted fully autonomous drone inspection system has again captured the China Design Intelligence Award.
Anxin Network Shield
Receives Multiple Recognitions
- 2024 "Pan'an" Outstanding Case in Government Application by CAICT
- Digital Security Industry Contribution Award at "2025 Digital Security Market Annual Conference"
- Named CCIA 2024 Outstanding Member Unit
- Selected for CCIA's Cybersecurity Specialized Product Guide Second Edition
- Featured in FreeBuf Consulting's CCSIP (China Cyber Security Industry Panorama) 2024
- Included in CAICT's 2024 Phase II Digital Security Technology Capability Panorama
Zero2IPO, PEDaily
2024 VENTURE50 Enterprise Selection
Venture 50 Rankings | Moonshot AI
New Sprout 50 | Luchen Tech
New Sprout 50 | Galaxy Universal
New Sprout 50 | River Stone Technology
AI Venture 50 | Galaxy Universal
AI Venture 50 | Moonshot AI
AI Venture 50 | Machenike
AI Venture 50 | AgiBot
Jazzyear
【Jiazi 20】2024 Tech Industry Most Commercially Potential List
2024 China AI Computing Most Commercially Potential | Luchen Tech, QingCloud Technology
2024 China AI Large Model Most Commercially Potential | BioMap, Moonshot AI
2024 China Embodied Intelligence Most Commercially Potential | Youibot, Galaxy Universal, AgiBot
2024 China Intelligent Manufacturing Most Commercially Potential | Dier Boge
2024 China Tech Industry Leaders | PPIO
2024 China AI Product Innovation | Moonshot AI-Kimi
2024 China Tech Industry Innovation Figures | PPIO-Yao Xin, Luchen Tech-Yang You
QbitAI
2024 AI Annual Selection
2024 AI Enterprise of the Year | Luchen Tech
2024 AI Enterprise of the Year | Moonshot AI
2024 AI Enterprise of the Year | BioMap
2024 AI Most Promising Startup | PPIO
2024 AI Figure of the Year | Luchen Tech, Yang You
2024 AI Figure of the Year | Moonshot AI, Zhilin Yang
2024 AI Figure of the Year | AgiBot, Peng Zhihui
2024 AI Outstanding Product | Luchen Tech
BlueRun Hosts First Booming Hub AI Hardware Salon
On December 20, BlueRun Ventures hosted the Booming Hub "Redefine! AI Reimagines Intelligent Hardware" event in Shenzhen, where 8 leading AI hardware entrepreneurs and observers shared their non-consensus views with nearly 100 industry attendees. Booming Hub is a salon series derived from BlueRun's entrepreneur ecosystem brand "Booming," which will serve as a gathering space for BlueRun, entrepreneurs, and industry partners.
BlueRun Hosts Booming Camp Hard Tech Session
From December 25-27, BlueRun Ventures' "Booming Camp" and Ant Group's "MaShang Startup Camp" jointly hosted a hard tech session, integrating their respective mentors, curricula, and industry resources to provide more comprehensive support for entrepreneurs. The event brought together top hard tech entrepreneurs and high-potential talent to share cutting-edge practices and insights, entrepreneurial reflections, and explore the industry's future.
Zero2IPO Rankings
2024 China Equity Investment Annual Rankings
BlueRun Ventures | 2024 China Top 4 Early-Stage Investment Institution
Jui Chan | 2024 China Top 4 Early-Stage Investor
China Venture Capital Research Institute · Golden Investment Awards
BlueRun Ventures | Annual China Top 30 Influential Early-Stage Investment Institution
Jui Chan | Annual China Top 20 Influential Early-Stage Investor
ChinaVenture
2024 Annual Investor Rankings
Jui Chan | ChinaVenture 2024 China Top 50 Best Early-Stage Investors
Jui Chan | ChinaVenture 2024 China Top 20 Best Digitalization and Informatization Industry Investors
Forbes China
2024 Venture Capitalists 100
Jui Chan | 2024 Forbes China Venture Capitalists 100
Terry Zhu | 2024 Forbes China Venture Capitalists 100
TMTpost
Venture Capitalists 2024 Annual Investment Institution Pioneer Rankings
BlueRun Ventures | Investment Pioneer — Top 20 Early-Stage Investment Institutions
BlueRun Ventures | Post-Investment Management Pioneer Top 20
BlueRun Ventures | Fundraising Pioneer — Top 10 Early-Stage Investment Institutions
BlueRun Ventures | Exit Pioneer — Top 10 Early-Stage Investment Institutions
BlueRun Ventures | Top 20 AGI Application Scenarios
BlueRun Ventures | Top 20 AGI Large Models
BlueRun Ventures | Top 20 AGI Infrastructure
BlueRun Ventures | Top 20 Healthcare
BlueRun Ventures | Top 10 Frontier Technology
BlueRun Ventures | Top 10 Global Expansion
BlueRun Ventures | Top 10 Embodied Intelligence
2024 EDGE AWARDS Innovation Selection Annual Investment Institution and Investor Rankings
BlueRun Ventures | Top 10 Investment Institutions of the Year
Jui Chan | Top 10 Investors of the Year
Global PE Forum
2023-2024 Annual China PE/VC Industry Selection
BlueRun Ventures | China Top 10 Early-Stage Investment Institutions
BlueRun Ventures | China Best Fundraising Early-Stage Investment Institution
BlueRun Ventures | China Top 20 Most Active Investment Institutions in AI
BlueRun Ventures | China Top 20 Most Active Investment Institutions in Robotics
BlueRun Ventures | China Top 20 Most Active Investment Institutions in Information Industry
China FOF Research Center · 2024 Annual Rankings
Top 50 Investors
BlueRun Ventures | 2024 Best Early-Stage Fund Top 10
Jui Chan | 2024 Best Early-Stage Fund Investor Top 5
Investment Network
2024 China Equity Investment Annual Rankings
BlueRun Ventures | 2024 Best Early-Stage Investment Institution Top 50
BlueRun Ventures | 2024 Best Digital Economy Industry Investment Institution Top 20
Jui Chan | 2024 Best Early-Stage Investor Top 30
Jui Chan | 2024 Best Digital Economy Industry Investor Top 15
Jazzyear Gravity
2024 China Tech Industry Investment Rankings
BlueRun Ventures | 2024 China Best Early-Stage Tech Investment Institution Top 3
Jui Chan | 2024 Early-Stage Tech Hunter Top 30
IPO Zaodianzhi
2024 Best Investment Institutions Rankings
BlueRun Ventures | Best AI Investment Institution
ByteDance's acquisition of Oladance, OPPO's acquisition of Waveform Intelligence | Best M&A Exit
Lieyunwang
2024 Annual Lieyunwang Venture Capital Rankings
BlueRun Ventures | 2024 Most Influential Investment Institution
Jui Chan | 2024 Most Influential Investor
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