After Breaking Ground, Growth Follows | Quarterly
The stage is set. Your entrance awaits.
After breaking ground, the rhythm of growth begins.
Over the past three months, BlueRun Ventures closed a new RMB 3.9 billion dual-currency fund, doubling down on AI and hard tech; 21 AI Native Builders set sail with the fifth cohort of the Booming Camp; and at the "Shrimp-a-thon," a group of shrimp farmers hacked together over a dozen creative demos in one hour — proof that AI's imagination remains far from exhausted.
The fight never stops. And if you're in the fight, you belong in the arena — introducing Booming Club, a new initiative from BlueRun. The first session, "Oddballs, Your Move," is now recruiting. Ten people, closed door, no spectators, all competitors. Bring what you're building and throw your punch. The ring for doers is waiting (Apply here).
BlueRun Ventures Leads
AGILINK
Closes Two Consecutive Rounds
AGILINK is the dexterous hand subsidiary spun out of AgiBot, focused on cracking the "last 10 centimeters" of embodied intelligence interaction. This round was co-led by BlueRun Ventures and Hillhouse, with proceeds going toward mass production of its full matrix of dexterous hand products, data flywheel development, and industry scenario expansion. BlueRun Ventures has backed AGILINK continuously since its angel round, betting on the company defining the inflection point where dexterous hands move from "lab samples" to "million-unit production."
BlueRun Ventures Leads
Trooly.AI
Closes Nearly $10 Million Seed Round
Trooly.AI is an AI-Native user research platform that provides automated in-depth interviews and research services for enterprises through multimodal Voice Agents. Its technology deeply understands user intent, replacing traditional manual interviews and dramatically improving research efficiency in high-stakes decision industries. This round was led by BlueRun Ventures, with Hillhouse and Huiwen Wang co-investing.
BlueRun Ventures Continues to Add
Tashi Zhihang
Closes $455 Million Pre-A Round
BlueRun Ventures, which led Tashi Zhihang's angel round, continued to add in this round, breaking its own single-investment record. This financing set the record for both the largest single round and largest Pre-A round in China's embodied intelligence history. Proceeds will accelerate the development of its general-purpose embodied foundation model AWE and the recruitment of top industry talent. The company has solved complex flexible wire harness assembly, a long-standing industrial automation challenge, and set a Guinness World Record for "most sub-millimeter wire harness assemblies completed in one hour." It also released AWE 3.0, the world's first truly "work-capable" general-purpose embodied foundation model.
Lingchu Intelligence
Closes RMB 2 Billion Combined Angel and Pre-A Round
BlueRun Ventures led Lingchu Intelligence's seed round. The company is dedicated to solving dexterous manipulation in embodied intelligence, building a software toolchain centered on end-to-end VLA models, and developing its proprietary Psi-SynEngine embodied data collection engine — which acquires massive real-world scenario data at far lower cost than traditional teleoperation. It has already completed small-scale validation in real logistics customer warehouses, demonstrating sorting efficiency improvements. Proceeds will fund scaled logistics deployment and large-scale data collection solution development.
Loopit
Closes Cumulative $100 Million in Funding
Yongyue Intelligence, parent company of AI interactive content community Loopit, completed a new $50 million round led by global top-tier mobile game publisher Garena, with participation from BlueRun Ventures and other institutions — its third round in a year, bringing total funding to nearly $100 million. Loopit, live only a few months, received a shoutout from Elon Musk and topped entertainment charts in Europe and America, as well as Google Play's entertainment category. Users simply input text to generate fully multimodal interactive content — images, voice, video, 3D — with multi-port interaction through phone microphones, gyroscopes, and more.
Zenitar
Closes Nearly RMB 600 Million Series C
Zenitar integrates structural biology, AI drug discovery and design, and clinically relevant disease model screening into a "three-in-one" collaborative R&D engine. The company focuses on hematologic diseases, oncology, central nervous system disorders, and inflammation/immunology. Its lead pipeline has already demonstrated best-in-class (BIC) potential through head-to-head clinical trials against global standard of care (SOC). This round was co-led by True Light Capital and Qiming Venture Partners, with BlueRun Ventures among the followers. Proceeds will primarily support global clinical development, pipeline expansion, and technology platform upgrades.
BlueRun Ventures Continues to Add
Zhitai Bio
Closes Over RMB 500 Million Series C
BlueRun Ventures led Zhitai Bio's Series B and has added in multiple subsequent rounds, continuing to add in this round. Zhitai Bio focuses on innovative therapies for chronic metabolic diseases. Its core product, the novel GLP-1RA monthly formulation Zoviglutide (ZT002), is currently in Phase III clinical trials for weight management in China, with potential to become the world's first once-monthly GLP-1 peptide. The company has established four technology platforms — QLLong ultra-long-acting, QLOral oral peptide, QLFold efficient inclusion body protein refolding, and QLFusion fusion protein — covering the entire recombinant protein production process, with full industrial chain capabilities from early R&D to commercialization.
BlueRun Ventures Continues to Add
Kaiwuji
Closes RMB 100 Million+ Angel+ Round
BlueRun Ventures led Kaiwuji's angel round and significantly oversubscribed in this round. Kaiwuji is a full-stack materials innovation platform building a closed-loop "model-experiment-production" system, dedicated to efficient transformation of materials from "discovery" to "mass production." The company has constructed a dual-engine architecture of "Prophet prediction engine + Creator generation engine," validated the Scaling Law in materials foundation models, and published related results in Nature in 2025. This round will primarily deepen materials foundation model capabilities, advance multiple self-developed materials pipelines toward industrialization, and continue building a world-class interdisciplinary talent team.
Puyu Technology
Closes RMB 100 Million+ Round
BlueRun Ventures invested in Puyu Technology's angel round. Founded just over a year ago, Puyu Technology has completed three consecutive rounds totaling RMB 100 million+. The company focuses on nanoimprint lithography equipment R&D and industrialization. Its first system has entered final assembly and commissioning, with initial deployment targeting AI and optical interconnect applications.
BlueRun Ventures Continues to Add
Pongbot
Closes Nearly RMB 200 Million Series A
BlueRun Ventures led Pongbot's A+ round and has added in multiple subsequent rounds. Pongbot has built a reusable "hand-eye-brain" integrated underlying technology architecture, applying high-speed visual capture, lightweight and efficient intelligent algorithm perception, and high-performance hardware drive to truly deploy AI vision and robot control in sports. The company completed three rounds totaling nearly RMB 200 million within six months. This financing will fund product and technology iteration while accelerating global brand and market expansion.
BlueRun Ventures Continues to Add
Keyi Tech
Closes RMB 100 Million+ Round
Consumer robotics company Keyi Tech is dedicated to integrating industrial-grade control algorithms and emotional AI into modular robots, exploring human-machine emotional interaction. This round was co-led by Wuzhong Financial Holdings and Yuanhe Taihu Bay, with existing shareholder BlueRun Ventures continuing to add since its Pre-A round. Proceeds will fund continued R&D of robot emotional interaction model technology, mass production and market launch of new products, and recruitment of top AI talent.
BlueRun Ventures Continues to Add
Yangshan Medical
Closes Pre-A Round
BlueRun Ventures was Yangshan Medical's angel investor and added to its position in this round. Yangshan Medical uses robotics, artificial intelligence, and passive innovative medical devices as tools to provide full-process solutions for oral and maxillofacial surgery. The company's self-developed China's first occlusion-free surgical robot is about to be applied in oral implant surgery, with core advantages including zero registration, no occlusion, anti-interference, short learning curve, and miniaturization. Another product, its dental implant distractor, is the world's first, revolutionizing traditional mandibular defect reconstruction technology. This achievement won the 2019 National Science and Technology Progress Second Prize and entered the National Medical Products Administration's Innovative Medical Device Special Review Program in 2025.
Moonshot AI
Kimi K2.6 Released and Open-Sourced
Kimi K2.6 became the first model capable of autonomously advancing complex tasks in agentic environments. In testing, K2.6 achieved 13 hours of uninterrupted coding, writing over 4,000 lines of code, and supported 300 agents collaborating in parallel across 4,000 cooperative steps. It achieved industry-leading results on SWE-Bench Pro, DeepSearchQA, and other benchmarks, matching or outperforming closed-source models including GPT-5.4 and Claude Opus 4.6. Additionally, K2.6's Agent mode can produce professionally designed web applications, and has begun limited internal testing of "Office document-to-skill" conversion and "Claw group" multi-agent and human collaborative office features.
Genspark
AI Workspace 4.0 Officially Released
Its desktop native client can directly operate local files and applications, supporting batch organization, data extraction, and other tasks. A new native Microsoft Office plugin brings AI Slides, Sheets, and Docs Agent directly into PowerPoint, Excel, and Word, enabling in-document generation and data analysis. Meanwhile, Speakly delivers real-time translation and AI meeting notes, automatically joining calendar meetings and generating summaries. Additionally, Advanced Workflows run on OpenCode, dramatically improving execution speed for complex multi-step tasks.
Tashi Zhihang
General-Purpose Embodied Foundation Model AWE 3.0 Released
AWE 3.0's core breakthrough lies in perception, understanding, and planning of the physical world. The model adopts a self-developed AI World Engine architecture, with human-like fine and fluid manipulation capabilities, long-horizon task stable execution, and cross-scenario transfer generalization. Based on HTS high-density tactile sensing technology, robots can perceive and respond to continuous contact changes in real time, excelling in precision assembly, wire harness insertion, and other flexible scenarios. At AWE 2026, Tashi Zhihang's robot completed over 100 sub-millimeter wire harness assemblies in one hour, setting a Guinness World Record.
Galaxy Universal
Only China Embodied Intelligence Application Benchmark in Jensen Huang's NVIDIA GTC Keynote
In April 2026, Galbot G1 appeared as China's only real embodied intelligence application case on Jensen Huang's keynote at NVIDIA GTC, known in the industry as "America's AI Spring Festival Gala." On stage, the Galbot G1 robot demonstrated fully autonomous dexterous hand walnut-twirling and other difficult generalized operations, and showed real-world applications including autonomous surgical instrument grasping at US-based PeritasAI medical scenarios. The company's self-developed "Galaxy Brain" foundation model and "Galaxy Workshop" billion-scale virtual-real fusion dataset have already achieved scaled deployment in retail, industrial, and medical scenarios.
AgiBot
Tops Omdia 2025 Global Humanoid Robot
Shipment Rankings
Launches New Generation Quadruped Robot Product Line
According to Omdia's report, AgiBot topped global humanoid robot shipments in 2025 with over 5,100 units and 39% market share.
In March 2026, AgiBot's 10,000th general-purpose embodied robot, Expedition A3, rolled off the production line — going from 5,000 to 10,000 in just over three months, once again刷新ing the global mass production speed record. In the same period, AgiBot Kutu launched a new generation quadruped robot product line, covering logistics handling, industrial inspection, fire rescue, and other scenarios, with a target of 300,000 annual shipments by 2030. Currently, AgiBot has built a multi-form product portfolio covering full-size, half-size, and wheeled forms, with commercial deployment in entertainment performances, intelligent manufacturing, and research education.
Sudo Technology
Releases First Embodied Robot System #Sudo R1
#Sudo R1 adopts an integrated world model and reinforcement learning design, trained purely on simulation data with zero real robot data, achieving nearly 100% zero-shot grasping success rate. In 60-minute testing, it completed over 200 grasps covering transparent, flexible, and reflective objects.
Lingchu Intelligence
Releases New Generation Embodied Foundation Models Psi-R2 and Psi-W0
Lingchu Intelligence released Psi-R2 and Psi-W0, and open-sourced its first 1,000-hour human hand operation full-modality dataset. Psi-R2, trained on nearly 100,000 hours of human data, surpassed PI, NVIDIA, and other models on the authoritative MolmoSpace benchmark to claim global #1. The Psi dual-system collaboration forms a closed-loop data flywheel, supporting long-horizon task autonomous planning and multi-scenario adaptation.
AGILINK
AgiBot Spins Off Dexterous Hand Business as Independent Entity
AGILINK is the specialized dexterous hand entity spun out from AgiBot, operating independently with AgiBot's existing technology accumulation and mass production capabilities. The company's product matrix covers linkage, direct-drive, and tendon-driven technology routes, with quarterly sales already reaching thousands of units in 2025. In 2026, it plans to build a semi-automated production line, targeting cliff-like shipment leadership and #1 market share in the dexterous hand industry.
6 BlueRun Portfolio Companies
Appear at NVIDIA GTC 2026 and Deliver Speeches
In March 2026, NVIDIA GTC was held in San Jose. Six BlueRun portfolio companies — Moonshot AI Kimi, Genspark, Galaxy Universal, AgiBot, Zhijian Power, and Li Auto — were invited to speak, respectively addressing large model infrastructure optimization, long-horizon agent reliability, embodied intelligence simulation data training, simulation platform deployment, unified model architecture, and autonomous driving foundation models — dissecting real structural problems in AI's journey from technology to application. Additionally, AgiBot and Kimi appeared in Jensen Huang's "AI-Native Enterprises" list.
Shentingji
First Outdoor Companion Robot Rovar Debuts at NVIDIA GTC 2026
Rovar made its debut at NVIDIA GTC 2026, positioned as an outdoor companion robot for urban strolls, picnic camping, short trips, and other scenarios — combining practical functionality with emotional companionship value. Its showcase was recommended by the official NVIDIA Robotics account, sparking attention on overseas social platforms.
Zhijian Power
Announces Full-Scenario Wheeled Embodied Robot
Zhijian Power officially announced its entry into full-scenario embodied intelligence, launching wheeled embodied robots in industrial and home versions for factory, logistics, supermarket, and home scenarios. The product adopts the LaST₀ foundation model, integrating world model and VLA system with inference speed of 15.4Hz. The core founding team comes from Li Auto. The company completed five rounds in six months, totaling RMB 2 billion, with valuation exceeding $1 billion.
BioMap
Launches ProteinSage Protein Language Model
BioMap, in collaboration with Peking University, Shenzhen University, and others, released the ProteinSage pre-training framework. Through structure-guided masking and structural causal learning, it incorporates co-evolution information from protein structures as biological priors into the model. On unsupervised contact map prediction and other tasks, the 650M-parameter ProteinSage achieved 0.830 average performance, surpassing 3B-parameter baseline models including ProtT5. Applying this framework, the team discovered six distantly homologous functional proton pump rhodopsins from 2.3 billion open reading frames, with below 50% sequence similarity to known sequences.
Li Auto
Releases Next-Generation Autonomous Driving Foundation Model
MindVLA-o1
Li Auto released MindVLA-o1, adopting a native multimodal MoE Transformer architecture. Through five innovations — 3D spatial understanding, multimodal reasoning, unified behavior generation, closed-loop reinforcement learning, and software-hardware collaborative design — it builds an autonomous driving foundation model for physical world intelligence. Li Auto stated that autonomous driving is only the starting point of physical AI; this model is extensible to robotics, building a "digital brain" for embodied intelligence.
Multiple BlueRun Portfolio Companies
Selected for 2025 ChinaVenture Best Investment Cases
China Medical and Health Service Industry Best Biopharma Investment Cases TOP10 | Zhitai Bio
China Advanced Manufacturing and High-Tech Industry Best Advanced Manufacturing Investment Cases TOP10 | Galaxy Universal, AgiBot
China New Consumer Industry Best Investment Cases TOP10 | Haivivi
Multiple BlueRun Portfolio Companies
Selected for 2026 China Embodied Foundation Models TOP30
Tashi Zhihang, Galaxy Universal, AgiBot, Lingchu Intelligence, Zhijian Power, Youibot
CloudShen Intelligence
Selected for 2025 New Quality Productive Forces Annual Top 10 Cases
CloudShen Intelligence was selected by China Media Group for the "2025 New Quality Productive Forces Annual Top 10 Cases," the only company in the low-altitude economy sector. The company's fully autonomous drone inspection system and "Lotus Lantern" fully automatic airport enable automatic battery and sensor replacement for drones, serving livelihood and multi-scenario applications.
BlueRun Ventures Completes
New RMB 3.9 Billion Dual-Currency Fund Raise
In April 2026, BlueRun Ventures announced the close of its fourth dual-currency fund, with total scale of approximately $560 million (about RMB 3.9 billion), bringing assets under management to nearly RMB 20 billion. The new fund will continue its early-stage technology investment strategy, with heavy focus on AI and hard tech.
Booming Club
First Session Recruitment Launched
Booming Club is a series of founder gatherings initiated by BlueRun. Each session is convened by a BlueRun investor in a 10-person closed-door format, at venues ranging from restaurants and bars to boxing gyms. The first Booming Club will be held in Beijing on May 8, 2026, reserving seats for unconventional creators — even those with "physiological obsession" for what they love. Apply here
BlueRun Ventures Hosts
"Shrimp-a-thon" Hands-On Event for Shrimp Farmers
On March 15, BlueRun Ventures hosted the Booming Hub "Shrimp-a-thon" in Beijing, open to practitioners already working with OpenClaw, for hands-on collision around "irreplaceable scenarios for OpenClaw." The event featured no competition or scoring, with experience sharing, mini Open Hack, and demo presentations. Frontline builders from Moonshot AI's KimiClaw team, DINQ, Romangic, and others participated in sharing.
"Booming Camp" Fifth Cohort Graduates
21 AI Native Builders Set Sail
On January 9, the fifth cohort of Booming Camp opened in Beijing. Booming Camp is a distributed co-creation community initiated by BlueRun Ventures in 2023. This cohort focused on AI, gathering 21 AI Native Builders — over half serial entrepreneurs, mostly aged 26-30, with several having millions of followers. The program featured 10000h SHOW, Booming Night, Booming Task Tavern, and other co-creation segments, with invited founders from BlueRun portfolio companies sharing entrepreneurial practice experience.
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