Surging Waves, Endless Ascent | June Report
Go all in, or don't join at all.
In May, BlueRun Ventures hosted its 2023 Annual Fund LP Meeting in Beijing, themed "Riding the Wave, Climbing Without End."
We see the surging wave as a neutral force — it brings vibrant opportunities for innovation, but also brutal competition. Those who choose to face the wave can only keep climbing, endlessly, relentlessly.
Bill Gurley, the renowned retired partner at Benchmark Capital, recently told Wealth: "If you want to be a top venture capitalist, it requires crazy, exceptional effort. You have to live in fear that the next Google will be funded by a firm you're not at. You're either rowing as hard as you can, or you shouldn't get in the boat." Start climbing from this moment on.
Cloud Intelligence Completes C++ Round Financing
This round of funding will continue to support lean mass production of new products and upgrades to the talent and organizational structure, advancing the continuous iteration of machine-training-machine capabilities. This marks Cloud Intelligence's second capital market endorsement in just two months. BlueRun Ventures led Cloud Intelligence's Series A round and participated in its Series B and B+ rounds.
Luchen Tech Completes Series A Financing of Several Hundred Million Yuan
Luchen Tech helps enterprises reduce the cost of deploying large models by building a distributed AI development and deployment platform. This round marks Luchen Tech's third financing in 18 months since its founding; the funds will be used primarily for team expansion and business development. BlueRun Ventures led Luchen Tech's angel round.
Bluecore Technology
Selected as a 2023 Zhejiang Province "Specialized, Refined, Innovative" SME (First Batch)
As one of the earliest Chinese robotics companies engaged in 3D visual perception technology for mobile robots, Bluecore Technology was recognized as a 2023 Zhejiang Province Specialized, Refined, Innovative SME. Additionally, its "Intelligent Production Line Logistics Solution for Lithium Battery Factories" was selected for the 2023 Zhejiang Province Robotics Typical Application Scenarios and "Robotics+" Application Benchmark Enterprises list.
Cloud Intelligence
Launches the Sheng MAX Robe Fully Automated Airport with Dual Drones in One Hangar
Cloud Intelligence released the first flagship model of its new "Sheng" series. The Sheng Max drone features long endurance, omnidirectional sensing, and multi-payload capability with edge AI algorithms, achieving an industrial protection rating of IP55. It handles harsh operating environments including extreme cold, high winds, and sandstorms, meeting multi-purpose, multi-scenario demands from industry users.
Vack Security
Launches VackBAS (Shenjian) Cloud Service Platform
VackBAS (Shenjian) attack simulation cloud service helps enterprises continuously validate the effectiveness of their cybersecurity defense systems from multiple perspectives: security defense, business operations, and attack tactics/techniques. Additionally, Vack Security was selected in the "2023 China Cybersecurity Market Panorama" for multiple specialized domains including BAS, Attack Surface Management, Penetration Testing/Red-Blue Teaming, Vulnerability Scanning and Management, Software Composition Analysis, and Cyber Range Training.
WhaleOps
Completes Multiple Mutual Compatibility Tests
WhaleOps' "WhaleScheduler V2.4.2" completed mutual compatibility testing with UnionTech OS Server V20 and received authorization certification; "WhaleStudio" completed mutual compatibility testing with Mirrorship Jingzhou Database and received authorization certification.
LLVision
"Silent Plan" Supports Hearing-Impaired Individuals
LLVision co-hosted the "Silent Plan" with the China Hearing Medical Development Foundation. Hearing-impaired baristas use Leion Hey subtitle glasses to see customers' words in real time. Meanwhile, Leion Hey subtitle glasses were selected for the Zhongguancun "Top 100 New Technologies and Products" list, and recently shortlisted for the China Assistive Devices Innovation Achievement Award.
Tian Cheng
Recognized as an Enterprise High-Tech R&D Center
Recently, the Hangzhou Municipal Science and Technology Bureau released the 2023 Hangzhou Enterprise High-Tech R&D Center list. Tian Cheng will focus on building the Hangzhou Tian Cheng Human-Machine Integration Exoskeleton Robot Enterprise High-Tech R&D Center.
Multiple BlueRun Portfolio Companies
Named to 2022 ChinaVenture Rankings
CoreX | Top 10 Best Investment Cases in China's Semiconductor and IC Industry YunTu Semiconductor | Top 10 Best Investment Cases in China's Semiconductor and IC Industry
Multiple BlueRun Portfolio Founders
Selected for 36Kr 36 Under 36 List
Wood Ant Robotics Founder & CEO Yongqiang Qian HuaYu TongRuan Co-founder & CEO Shaochen Zhong WAYZ Founding Team Member & CTO Quan Liu OptFuture Founder & CEO Haixi Zhang OptFuture Co-founder & CTO Pingzhang Zhou Shengke Energy Founder & CEO Zhengyu Chu Shengke Energy Co-founder & Executive VP Yue Sun Shengke Energy Co-founder & CTO Dongxu Guo Waterdrop Founder & CEO Peng Shen
Gaussian Robotics, Youibot, Wood Ant Robotics
Win Capek "Annual Value Brand Award"
The Capek Prize, hosted by the China Society of Mechatronics Technology and Application, recognizes organizations and individuals who have contributed to the robotics field and is known as the "Nobel Prize" of the robotics industry. The Brand Award aims to benchmark strategically visionary leadership enterprises in the robotics industry and elevate overall brand image.
Multiple BlueRun Portfolio Companies
Selected for 2023 Future Healthcare 100 Rankings
BioMap, ReviR Therapeutics | China Innovative Digital Healthcare List Tian Cheng | China Innovative Medical Devices List ShanZing, MediLink-Global, YiHe Health | China Innovative Healthcare Services List BioMap Co-founder & CEO Wei Liu | Weilan Award - Leader Entrepreneur of the Year ReviR Therapeutics | Value Domain Award - AI Drug Discovery MediLink-Global | Value Domain Award - Health Insurance and Health Management
EasyStack
Wins MIIT 2022 Information Technology Application Innovation Solution Award
Recently, the "2022 Information Technology Application Innovation Solutions (Typical Solutions)" selection organized by the MIIT Cybersecurity Industry Development Center (MIIT Information Center) announced its results. EasyStack's "Digital Native Full Cloud Capability Solution" for the financial industry stood out among numerous entries and was selected for the "Top 30 Most Popular by Online Vote."
QingCloud Wins Two Awards Including "IoT Star"
Recently, the 2022 "IoT Star" IoT Industry Annual Rankings were officially announced. QingCloud ranked among China's Top 50 IoT Enterprises by Investment Value. Additionally, QingCloud's Smart University Hybrid Cloud Solution won the "Comprehensive Strength Excellence Award" at the 5th Smart University CIO Wuhan Forum 2023.
Anxin Shield Selected for 2023 China Big Data Unicorn Enterprise List
Recently, the "2023 China Big Data Unicorn Enterprise List Release" event was held at the 2023 Guiyang Big Data Expo. As a leader in memory security, Anxin Shield was selected for the 2022 China Big Data (Potential) Unicorn Enterprise List. Additionally, Anxin Shield was once again included in the 6th edition of "2023 China Cybersecurity Market Panorama" published by ShuoAn Security, newly added to the RASP segment this year.
Wood Ant Robotics
Receives ZTE Digital Nebula Compatibility Certification
Recently, ZTE's 7th Annual "Innovation Day" with the theme "Innovation · Beyond Together" was held in Shenzhen, where the "Digital Nebula Compatibility Certification Enterprise" awards ceremony took place. Wood Ant Robotics passed this compatibility certification with its two counterbalanced unmanned forklift products.
YunChu New Energy
Wins Three CHIC Awards
Recently, the 4th China Clean Heating Industry Summit hosted by the China Clean Heating Industry Committee (CHIC) was held. YunChu New Energy's pioneering digital energy storage system was included in the "China Clean Heating Industry Development Report (2023)" as a green and low-carbon technology case, winning three awards: "Green and Low-Carbon Disruptive Innovation Technology," "Green and Low-Carbon Technology Innovation Enterprise," and "Green and Low-Carbon Major Innovation Technology Demonstration Project."
Energy Singularity
Founder & CEO Zhao Yang
Named First "Pudong New Area Science and Technology Elite"
The first Pudong New Area Science and Technology Elite Commendation Conference was held at the Pudong Mass Art Center on National Science and Technology Workers' Day. The conference presented awards to the first 49 "Pudong New Area Science and Technology Elites," with Energy Singularity founder and CEO Zhao Yang receiving the trophy.
Super Camel Project
Selected for 2022 Low-Speed Autonomous Driving Scenario Implementation Cases TOP50
Recently, the Low-Speed Autonomous Driving Industry Alliance conducted the "2022 Low-Speed Autonomous Driving Scenario Implementation Cases TOP50" selection. Super Camel's Mengyang Fruit Wholesale Market unmanned vehicle transfer project was selected for the "2022 Low-Speed Autonomous Driving Scenario Implementation Cases TOP50."
BlueRun Successfully Hosts 2023 Annual Fund LP Meeting
The meeting, themed "Riding the Wave, Climbing Without End," brought together over 200 LPs, BlueRun Ventures portfolio members, and partners. Discussions centered on frontier technology topics including AI, globalization, intelligent manufacturing, and biotechnology, exploring future visions of technology and life. At the meeting, BlueRun Ventures systematically presented its investment strategy and focus areas, while more than ten BlueRun portfolio members participated in speeches and dialogues, jointly exploring how to find paths and opportunities amid turbulent waves.
BlueRun Ventures Named to 2022 ChinaVenture Rankings
China's Best Early-Stage Venture Capital Firm TOP 2 China's Best Returns Early-Stage Venture Capital Firm TOP 10 China's Best Internet/Industrial Internet Investment Firm TOP 10 China's Best Enterprise Services Industry Investment Firm TOP 20
We Are Continuously Recruiting: Investment/Research/IR/Legal/HR/Marketing Interns
Work locations: Beijing/Shanghai/Shenzhen/Overseas (remote available);
For detailed job responsibilities and requirements, click Read Original at bottom left. Interested candidates please send resumes to recruiting@brv.com.cn, with subject line: Position Name - Name - School - Major - Available Internship Duration - BlueRun WeChat Official Account.
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Originating in Silicon Valley, BlueRun Ventures was established in 2005 as 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 RMB 15 billion, making it one of the largest early-stage funds in the country. The firm invests primarily at Pre-A and Series A stages, covering hard tech and innovative interaction, enterprise technology, new consumer, and healthcare. It has cumulatively invested in over 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi Used Car, Qudian, Songguo Mobility, Ganji.com, Energy Monster, YunTu Semiconductor, Machenike, Cloud Intelligence, Anxin Shield, BioMap, and others.
BlueRun Ventures has been ranked #1 in Zero2IPO's "China Top 30 Early-Stage Investment Firms," #1 in ChinaVenture's "China Best Early-Stage Venture Capital Firms TOP30," and named among Preqin's Top 10 Global VC Fund Managers for Sustained High Returns.
Additionally, BlueRun Ventures has received consecutive recognition from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media institutions as "China's Best Early-Stage Firm of the Year," "China's Top Venture Capital Firm," "Most Entrepreneur-Friendly Early-Stage Firm of the Year," and "Most Influential Early-Stage Firm of the Year."