BlueRun Ventures
蓝驰创投
BlueRun Ventures is an early-stage venture capital firm founded in Silicon Valley in 1998, with its China operations established in 2005 . It manages multiple USD and RMB dual-currency funds with over RMB 15 billion in assets under management, making it one of China's largest early-stage funds . The firm concentrates on Pre-A and Series A rounds across hard tech and innovative interaction, enterprise technology, new consumption, and healthcare .
BlueRun has built a notable track record in AI and deep tech, having led five consecutive rounds in Li Auto and backed companies including Moonshot AI, Galbot, and AgiBot . Its portfolio spans roughly 150-200 companies, with other known investments including QingCloud, Songguo Chuxing, BioMap, and Luchen Tech . The firm has been recognized by Preqin, Forbes China, and 36Kr among others, and its managing partners include Jui Chan and Terry Zhu .
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Moonshot AI Enters Real Financial Workflows | BlueRun Ventures
Bringing Model Capabilities to Financial Scenarios
DeepMaterial Closes A+ Funding Round: Driving Self-Evolving RSI with Real-World Data | BlueRun Ventures
Freeing Humanity from the Limits of Materials
Former HiSilicon Kunpeng GM and Horizon Robotics Chip President Chen Peng Founds Jiuwanli, Raising Over $100M with BlueRun Ventures Backing | BlueRun Ventures
Edge and On-Device Agentic AI: The Next Blue Ocean
Shenzhen Recruiting: Grab a Seat at the Table and Help Define New AI × Hardware Species | Booming Hub
BlueRun Ventures Leads Violoop's Hundreds-of-Millions-Yuan Funding Round to Build Personal Full-Context Platform and Self-Evolving System
Integrating a Desktop Agent with Existing Computers
BlueRun Ventures leads Nestworks' angel round of hundreds of millions of yuan, bringing AI-powered desktop CNC to the masses
The imagination space for desktop manufacturing has only just begun to open up.
The Second Half of AI Won't End With Just One Supermodel｜A Conversation With Kevin Ding, Pyromind Founder/CEO
In the Second Half of AI, It Won't Boil Down to One Supermodel | A Conversation with Pyromind Founder/CEO Kevin Ding
BlueRun Ventures Seed Project Proto-Sentient Intelligence Raises Over $100 Million to Accelerate Embodied Artificial Intelligence Commercialization
"Do the hard right thing."
Into Reality, a New Odyssey for Robots | BlueRun Ventures' WRC Observations
Chinese robotics entrepreneurs are writing a new narrative for robots.
BlueRun Ventures Leads SiranBio's Nearly 400 Million Yuan Series A Financing to Accelerate siRNA Dual-Target and Extrahepatic Delivery Pipeline | BlueRun Ventures
Shi'an's Dual-Target Platform and Extracorporeal Liver Delivery System: A Dual-Wheel Innovation Engine
Diffusion language model-powered real-time interactive video generation startup SigmaZ AI raises millions of dollars in funding | BlueRun Ventures
AI Interactions Powered by Pixel-Code Partnership
Diffusion Language Model-Powered Real-Time Interactive Video Model SigmaZ Raises Millions of Dollars in Funding
Pixel excels at expressing appearance, while Code excels at expressing structure; the future will move toward visual expression that combines Pixel and Code.
Cicadas singing everywhere — answering summer's call together | Quarterly
Embrace the next season of harvest.
BlueRun Ventures' Jui Chan on Data, Value, and Long-Term Judgment: What Will Actually Survive the AI Hype?
Reflection and Perseverance in Practice
At AdventureX, we answered the 8 questions young founders most wanted to know
From Demo to Deal: To the Builders Creating Right Now
The Night Outside the World: An AI Era Unfolding in Real Time
Let's build a more real new world.
From AI New Species to AI New Ecosystem | BlueRun Ventures at WAIC 2026
Moving Together Toward New Frontiers of Capability
What Is the Next-Generation Real-Time Interactive Model? Vivix's Liu Yu on First-Principles Thinking | BlueRun Ventures Headline
What kind of AI content are people more willing to consume than on Douyin?
We captured 28 moments at WAIC, piecing together a cyber *ukiyo-e*.
Melting from the heat.
Moonshot AI K3 Launch: A Sleepless Night, Watching Long-Termism Pay Off
AI took another step forward.
VLA and world models have been hotly debated — did this four-hour tech salon reach any conclusions?
In a rapidly evolving field, sustained observation.
OriginFlow Raises Over 500 Million, Unveils NeuroScale Paradigm | Oasis Vitality
Human-Machine "Disintermediated" Interaction
"You've got a shovel that can dig up gold — you're definitely not lending it out first" | A Conversation with Kaiwuji's Lu Ziheng: Using AI to Invent New Materials
As long as you're still stirring things up, there's still hope.
Zero real-world training data, nearly 100% success rate! Sudu Tech debuts self-developed system #Sudo R1 | Oasis Vitality
Unlocking a New Paradigm in Embodied Artificial Intelligence
Investment and funding heat up alongside spring temperatures | Unity Ventures Spring Chronicle
Portfolio companies have raised more than 5 billion yuan in total funding.
Former vivo star product manager Song Ziwei's AI hardware startup V-Light bags over 100 million yuan in funding, Unity Ventures continues to follow on
Unity Ventures remains bullish on opportunities in AI hardware and globalization.
Qiming Venture Partners co-leads Zenitar's nearly 600 million yuan Series C round
late-stage clinical biotech company
MaKe | MaHui Member Keyi Tech Closes New Funding Round of Over 100 Million Yuan, Unveils New Product at CES
Source Code Capital led J&T Global Express's 2020 funding round and participated in a follow-on round in 2021.
Where Did the Money Go? Who's Still Writing Checks? A 2025 VC Debrief With Jing Liu
VC takes a certain amount of instinct.
[Recommended] Winning the World's Admiration Bare-Handed in the AI Era | Buming Startup Camp Now Recruiting
"Winning the world's admiration with nothing but bare hands is usually a young person's privilege."
What Did He See? | A Conversation with Zhang Fan: Former COO of Zhipu AI, Founder/CEO of Yoolee AI — Why He's Convinced AI's Opportunity Lies in ToB
"Treat AI as a person.
Beware of Fake VC Scams
"Private funds raise capital only from specific qualified investors who meet certain criteria." Qiming Venture Partners reminds all investors and entrepreneurs to stay vigilant, verify authenticity, and avoid financial losses.
The AI Investment Mid-Game: Talent Wars, Faith Divides, and Super Opportunities
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Tashi Zhihang Raises $120 Million in Angel Round, Co-Led by Qiming Venture Partners
Tashi Zhihang is the only company in the industry that simultaneously possesses Embodied Artificial Intelligence large model capabilities, in-house robotics R&D capabilities, and mass production capacity for integrated hardware-software products.
To AI Founders: In 2025, Go to These VCs for Funding | Debriefing a Year in Primary Markets with Jing Liu of "Waves"
"2024: Who's Still Actively Investing in AI?"
MaKe | MaHui Member Galaxy Universal Completes 500 Million RMB Strategic Funding Round
"With AI, I Want to Make Investing as Easy as Scrolling Douyin" | A Conversation with Vakee, Founder of RockFlow
Can AI + Finance Actually Change Anything?
Zhilin Yang: The Man Who Got Alibaba and Tencent to Team Up
Call me by your name.
Code Moment | DeepMaterial Lands Order from Top New Energy Vehicle Maker, Uses AI to Slash Metal R&D Cycle
MaHui Member DeepMaterial Lands Order From Top New-Energy Vehicle Maker
MaKe | MaHui Member Galaxy Universal Raises 700 Million RMB in Angel Round
Google's Open-Source Gemma Enters the Fray — Now Who's the "CloseAI"? | BlueRun Ventures
The Open-Source LLM Crown Changes Hands
The Future Looks Very Different | December & January Bimonthly Report
Witnessing BlueRun Ventures' "Defining Moment"
The World Isn't Good Enough Today. So What? | BlueRun Ventures New Year Special, Part 2
So we need to get to know each other.
BlueRun Ventures and Portfolio Companies Win Multiple Awards from Jintou Awards, PEDaily, Rongzhong, and Investment Network
Accompanying founders from 0 to 1 to redefine the future
Li Yiheng, Zero Gravity: eVTOL Can Truly Serve the Masses and Redefine Transportation | BlueRun Ventures Headlines
Redefining the Way Humans Travel
BlueRun Ventures Quarterly Investment & Financing Overview | 2023 Q4
Sector distribution spans artificial intelligence, enterprise services, hard tech, and biotech, among others.
BlueRun Ventures and Its Portfolio Companies Win Multiple Awards from Forbes China, TMTpost, Jiemian News, and Cyzone
Standing alongside founders from zero to one to redefine the future.
BlueRun Ventures | With continued backing from BlueRun Ventures, UniUni closes $20 million Series B2 round
North America's Next-Generation Last-Mile Delivery Leader
BlueRun Ventures and Its Portfolio Companies Win Multiple Awards from Jazzyear, TMTpost, China FOF Research Center, and ChinaVenture
Partnering with founders from zero to one to redefine the future.
MaHui Member PowerLaw AI Closes Nearly 80 Million Yuan Pre-B Round, Existing Investor Source Code Capital Continues to Increase Stake
Fulfilling the mission of using technology to make legal services better and more accessible.
BlueRun Ventures | BlueRun Ventures Leads PowerLaw AI's Nearly RMB 80 Million Pre-B Round
Continuously exploring the boundaries of large language model capabilities and new legal service models
Looking at the Other Side of the Coin | October & November Report
Grateful for what life has given
BlueRun Ventures | With Continued Backing from BlueRun Ventures, Don Quijote Closes 100 Million Yuan Series B Round
Dedicated to becoming a full-stack digital construction collaboration platform for the next generation of chain retail businesses.
Remembering Charlie Munger | BlueRun Ventures
"Taking the broad road is the mark of true wisdom."
BlueRun Ventures | BlueRun Ventures Continues to Double Down, Zhitai Bio Closes Nearly RMB 200 Million Series B+ Round
Focused on developing recombinant protein therapeutics using an *E. coli*-based technology platform.
BlueRun Ventures' Jui Chan Named to ChinaVenture's Top 50 Early-Stage Investors and Top 3 Angel Investors
Deep Tech, Investing in the Future
BlueRun Ventures | Luchen Tech Closes Nearly 100 Million RMB Series A+ Round
Dedicated to unlocking AI productivity
Jui Chan, BlueRun Ventures: If Foreign Capital Stops Investing in China, It Gives Up a Major Opportunity | BlueRun Perspectives
Only transformative technology can deliver outsized returns.
BlueRun Ventures won multiple awards, including the Taurus Outstanding Venture Capital Institution and Most Admired Early-Stage Investment Firm.
Deep Tech, Future Bets
BlueRun Ventures Leads Exclusive Investment in Zhuling Technology's Tens-of-Millions RMB Seed Round | BlueRun Ventures
Defining the Product Form and Matrix for a New Generation of Construction Robots
Yuntu Semiconductor Closes Hundreds of Millions of RMB in Series B1 Funding | BlueRun Ventures
The New Architect of China's Smart Vehicle Chip Development
Crewed Electric Aircraft E20 eVTOL Completes First Flight Test | BlueRun Ventures Headlines
Another Possible Future for Mobility
BlueRun Ventures Quarterly Investment & Financing Roundup | 2023 Q3
Sector distribution spans hard tech, consumer electronics, artificial intelligence, and more.
No Matter How Far, We Can Get There | August & September Bi-Monthly Report
Go Far Away
$1 Billion! BioMap and Sanofi Partner to Develop AI Drug Discovery Models Based on Large Foundation Models | BlueRun Ventures Headlines
The First Commercial Partnership Based on Large Language Models in the Life Sciences Sector
Tian Cheng Technology Secures Investment from Pappas Capital, Focusing on Exoskeleton Robotics for Tech-Enabled Elderly Care | BlueRun Ventures
Ranked first globally in both the number of rehabilitation exoskeletons deployed and in active use
BlueRun Ventures won awards including No. 2 Most LP-Recognized Early-Stage Firm and Top 100 Impact Investment Institutions in China
Deep Tech, Investing in the Future
Machenike Closes Over 100 Million RMB Series B+ Round | BlueRun Ventures
Building the Next Generation of ADAS Advanced Driver-Assistance Systems
A Reborn BlueRun, Unchanged at Heart
Deeply rooted in China, globally oriented
BlueRun Ventures Leads Exclusive Investment, Deerbo Announces Tens of Millions of RMB in Angel Funding | BlueRun Ventures
Making "Smart Transformation and Digital Upgrade" Land with Real Impact
BlueRun Ventures Earns Multiple Honors at 2022–2023 China PE/VC Industry Awards
Deep Tech, Future Bets
That's right — BlueRun Ventures runs a program called Buming Startup Camp.
From "Not Crying Out" to Booming.
BlueRun Ventures Launches "Blueprint" Industrial Ecosystem Platform: Entering Shenzhen to Co-Create a Vision for Industrial Intelligence
BlueRun Ventures is building a platform to connect technology innovation companies with industrial ecosystems.
BlueRun Ventures Continues Backing Innovators Defining the Future | Late Summer Harvest Season
Deep Tech, Future Bets
BlueRun Ventures Continues to Back ZeroG Aircraft Industrial in New Nearly 100 Million Yuan Strategic Round | BlueRun Ventures
Building Earth's Third Transportation Ecosystem
Xinlai Technology Launches NA Automotive-Grade RISC-V Processor IP | BlueRun Ventures Headlines
Corelian's NA-series CPU IPs (NA900 and NA300) recently obtained ISO 26262 ASIL D certification, the highest automotive functional safety classification.
Off to the Uncharted | BlueRun Ventures Summer Exploration Report
Through mountain peaks and hidden valleys, through sandstorms and driving rain — we've walked this road together.
Mooe Robot Closes Over 100 Million RMB in Series B2 Funding | BlueRun Ventures
Building a digital management system + swarm intelligence for core logistics capabilities
BlueRun Ventures Continues to Back Ruisi Technology in 100 Million RMB Series A+ Round | BlueRun Ventures
Exploring the Frontiers of Myopia Prevention and Control
Yuanlai Technology Selected for OPPO's Smiling Proposal Finalist Top 5 in China | BlueRun Ventures Headlines
Haptic Technology Improves Sleep Disorders
BlueRun Ventures Leads $10 Million Angel Round for Emerging Consumer Electronics Brand Oladance | BlueRun Ventures
First globally proposed the OWS (Open Wearable Stereo) concept of open-fit wearable spatial audio.
Finding Your Market — June & July Bimonthly Report
Life is but a sojourn, time an eternal river.
ChatGPT for Robots: Large Models Enter the Physical World, DeepMind's Breakthrough | BlueRun Ventures Share
Is Embodied Intelligence Close?
BlueRun Ventures Wins Seven Awards Across the Full Investment Cycle, Named to TMTpost's 2023 H1 Pioneer List
Demonstrating Comprehensive Strength Across Fundraising, Investment, Portfolio Management, and Exit Execution
BlueRun Ventures Salon Series Now Open for Registration | AI-Driven: Reimagining the Possibilities of Human-Computer Interaction
Thursday, July 27, 8:00 PM – 10:00 PM
BlueRun Ventures' "Explorer Day": We Talked to Hong Kong Entrepreneurs About a Thousand and One Futures for AI
Technology Innovation Opens a New Chapter for Hong Kong
BlueRun Ventures' Jui Chan Named to PEDaily's 2023 TOP100 Investors
Support founders who refuse to be defined and dare to go first.
Luchen Tech's Yang You: AI Foundation Models Have No Intellectual Property — Only Open Source Can Go the Distance | BlueRun Ventures Headlines
A healthy AI ecosystem should have three or four thousand companies contributing to it.
Xinchen AI Secures Another Strategic Investment from Outfit7, Launches Self-Developed General-Purpose "Xinchen Large Model" | BlueRun Ventures
Building a General-Purpose Large Model with Both IQ and EQ
Meta Launches Killer App Threads — Is Twitter Really About to Be Replaced? | BlueRun Ventures Commentary
Mark Zuckerberg Takes On Elon Musk
BlueRun Ventures Quarterly Investment Roundup | 2023 Q2
The sectors span AI, enterprise services, hard tech, and consumer technology.
Large Models + Machine = A More Advanced Robot Is Here | BlueRun Ventures Robot Salon Series
When AI advances, the evolution of robots becomes inevitable.
Behind the Scenes of an Apache Top-Level Project: How SeaTunnel Became the First Open-Source Data Integration Tool Led by Chinese Developers | BlueRun Ventures Headlines
From Nothing, to Open Source, to the World
eVTOL Startup ZeroG Aircraft Industry Closes Nearly RMB 100 Million New Funding Round | BlueRun Ventures
Building the Third Transportation Ecosystem on Earth
A Pill's Journey from Lab to Industry | BlueRun Ventures Biotech Salon Series
The investment logic in biotech has quietly shifted.
BlueRun Ventures ranked No. 2 on 36Kr's annual list of most founder-friendly early-stage firms, and also received awards for most influential early-stage firm and investor.
Support founders who defy definition and dare to blaze new trails.
Create @ AI Hackathon Now Open for Registration | BlueRun Ventures Invites Global AI Developers and Entrepreneurs to Compete
We Create, AI Generate!
BlueRun Ventures Leads Exclusive Investment in XR Brand VITURE's Nearly $10 Million Series A+ Round | BlueRun Ventures
Focused on User Experience Innovation
PPIO's Wenyu Wang: A Deep Dive into Apple's First MR Headset and What It Means for Metaverse Tech Strategy | BlueRun Ventures
Humanity has taken a giant leap in this grand "metaverse moonshot."
SeaTunnel Graduates! First Chinese-Led Data Integration Project Becomes Apache Top-Level Project | BlueRun Ventures
This milestone marks SeaTunnel's breakthrough in open-source software development.
Surging Waves, Endless Ascent | June Report
Go all in, or don't join at all.
How to Become a Born-Global Company, Step by Step | Going Global
China's Tech Brands Lead the Next Wave of Global Consumer Trends
BlueRun Ventures AGI Salon Series Now Open for Registration | Exploring AI+Game, Discovering a New Continent in Gaming
Saturday, June 3, 10:00 AM – 12:00 PM
Luchen Tech Closes Series A Financing of Hundreds of Millions of RMB to Build Distributed AI Development and Deployment Platform | BlueRun Ventures
Lowering the Barrier to Deploying Large Language Models
BlueRun Ventures won multiple awards including No. 2 Best Early-Stage Investment Firm and Top 10 Best Returns
Support founders who refuse to be defined and dare to blaze new trails.
The Road to AGI | Supercharged by Large Models, Robotics Is Entering a New Era
What unresolved problems will it solve for intelligent systems?
Multiple BlueRun Ventures portfolio companies named to 2023 Future Healthcare 100 list
Standing by founders from 0 to 1 to redefine the future.
Multiple founders from the BlueRun Ventures portfolio have been named to 36Kr's 36 Under 36 list.
Deep in Tech, Investing in the Future
Jui Chan, BlueRun Ventures: Riding the Waves — Don't Waste a Crisis | BlueRun Perspectives
Adaptability is the eternal question for investors.
Facing Towering Waves and Endless Voyages, We Climb Without Cease | 2023 Annual Fund Partners Meeting
Riding Out Cycles, Embracing Change
You Can't Predict. You Can Prepare | April Report
Riding the Unpredictable Wave
BlueRun Ventures Salon Series Now Open for Registration | Robots Colliding with Multimodal LLMs: Disruption or Opportunity?
Threat or Opportunity?
iKingTec Closes C++ Round, Readies Launch of 'Battle Robe' One-Base Dual-Drone System | BlueRun Ventures
Boosting Productivity and Efficiency Through Four-Dimensional Capabilities
Energy Singularity Completes Nearly RMB 400 Million Pre-A Round | BlueRun Ventures
Focusing on the high-temperature superconducting tokamak technical route
BlueRun Ventures Becomes Inaugural Member of Capital Sub-Alliance in Synthetic Biology Industry Innovation Alliance
Provide more opportunities and momentum for industry development.
Startups Don't Want to Get Wiped Out by GPT on the Beach | The Road to AGI
Then ride the wave.
A One-Minute Guide to How Chinese Robots Are Going Global
When Chinese Robot Brands Captured 60-70% of the Global Market
BlueRun Ventures Continues to Double Down, Xinchen AI Secures Another Strategic Investment | BlueRun Ventures
Enhancing LLMs' Unstructured Data Processing Capabilities
PPIO's Wayne Wang: AIGC Triggers a Compute Demand Revolution, Edge Computing Will Profoundly Impact Audio and Video Generation
How Will Edge Computing Shape Our Lives Over the Next Decade
CereMediTech Completes Tens of Millions of Yuan in Series A Funding to Advance Intelligent Diagnosis and Treatment Infrastructure for Neurological Diseases | BlueRun Ventures
Intelligent Technology Solutions for Full-Spectrum Neurological Diseases
BlueRun Ventures and Its Portfolio Companies Win Multiple Awards from PEDaily, Rongzhong, China FOF Research Center, and Others
Watch the soil early, spot demand sooner
Be the change we want to see | BlueRun Ventures December Report
Memorable Moments from December
Eight BlueRun Ventures Portfolio Companies Named to 36Kr's WISE2022 New Economy Kings Annual List
The Power of Sustaining Innovation
Code Moment | Keyi Tech Announces Completion of New Funding Round
Continuing to explore more possibilities for consumer robots to enter households.
Source Code Capital portfolio company "Fulin Technology" announces completion of tens of millions of RMB in Series A funding; existing shareholder Source Code Capital continues to increase its stake
AI-Driven Financial Inclusion: J&T Global Express Achieved Tens of Millions in Revenue in Its First Year
5 Companies Raise Funding, Several Make China's Top 100 Unicorns List | Code Meet Journal · March
【Source Code Capital Chronicle】A place to record the small steps forward of our team members, share the joy of growth, and look toward an even brighter future.
CHJ Automotive Announces Completion of 3 Billion Yuan Series B Funding Round; Existing Shareholder Source Code Capital Continues to Increase Stake, Bullish on Mobility 3.0 Era
On the era of Auto 3.0, Xiang Li believes its arrival is accelerating.
Source Code Capital Portfolio Company Qudian Successfully Lists on the New York Stock Exchange | Live Photo Report
China's leading fintech company Qudian Inc. (NYSE: QD) listed on the New York Stock Exchange in the United States.
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