MetaX
沐曦股份
MetaX (沐曦集成电路 / 沐曦股份) is a Chinese GPU chip design company that listed on the STAR Market in December 2025, with Matrix Partners China as its second-largest institutional shareholder . The company was co-founded by Weiliang Chen, whose founding-team fit with ZhenFund's philosophy led the firm to invest in two consecutive early rounds . Its investor base spans multiple top-tier Chinese VC firms: Matrix Partners China, Monolith, Heart Capital, ZhenFund, and Luminous Ventures (光速光合), plus individual backers including Wang Huadong and Cao Xi . Cao Xi of Monolith, who led the firm's investment in MetaX, ranked among China's top investors on the 2026 Forbes Midas List partly on the strength of this bet . MetaX has also made downstream investments of its own, including in physical-intelligence startup Feijiekesi .
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Coverage
Heart Capital's Yanchen Liu: AI Enters Its Next Phase — Opportunities, Moats, and Globalization | Voice
What does it take to build a global AI company?
Chip and Semiconductor Startups Are Hiring | Z Jobs
We look forward to having you join us!
One Rocket, Ten Satellites: Launch Success
This marks the first large-scale deployment mission for a satellite internet constellation.
A New Autumn Begins | Z News
Join us as we look back on August's highlights.
Seeing Disaster From Space: MicroNano Space Supports Emergency Rescue at Gyirong Port | Heart Capital Portfolio
When disaster strikes, satellites give rescue operations an extra pair of "eyes."
XPENG AEROHT's Deli Zhao: He Flew Before the World Believed | Xin Star PORTFOLIO
A door opening to the sky.
We Built a Rocket Landing Game With AI | Heart Capital News
A salute to Zhuque-3.
Heart Capital Congratulates LandSpace on Zhuque-3 Reusable Rocket's Successful Orbital Insertion and Recovery | HeartStar PORTFOLIO
Accelerate China's commercial reusable rockets into the engineering validation phase.
Unpopular Truths: Nine Insights for Hard-Tech Founders from Three Chinese Scientists | VOICE
Seeking the fearless who will step into the dark tunnel.
Zhejiang Party Secretary Wang Hao Visits Hangzhou to Research Xi Wang's Innovative Development | Xinxing PORTFOLIO
One chip powers a hundred industries.
Yunqi Partners | Physical intelligence startup "FeiJieKeSi" raises hundreds of millions of RMB in Series A1, with Yunqi Capital increasing its stake
Building a Solid Foundation for Domestic Physics-Based AI Technology
Wanwu Capital | Z News
We invite you to revisit the July "highlight reel."
Heart Capital Congratulates Zhongji Innolight on Official Hong Kong Listing — This Year's Largest Hong Kong IPO
A new starting point for connecting with international capital markets and accelerating global expansion.
Faster! Even faster! So fast the world can generate in real time | A conversation with Shengshu Technology's Jintao Zhang on Vidu S1, inference acceleration, and real-time interactive video
MicroNano Space and Huantian Intelligence Jointly Developed Six Satellites Successfully Launched and Networked | Xinxing PORTFOLIO
Accelerating the commercialization of China's aerospace information industry.
Xi Wang Sunrise Xu Bing: Where Is AI's Biggest Opportunity in the Next Decade? | Xinxing PORTFOLIO
Building houses and rules for AI Agents.
LandSpace's Zhuque-3 Reusable Yao-2 Carrier Rocket Completes Static Fire Test | Xinxing PORTFOLIO
This laid a solid foundation for the implementation of subsequent flight missions.
Heart Capital's Yan Han: Venture Capital, My "Lighthouse" in Life | Voice
"VC is the thing I can imagine myself still pouring my heart into at sixty."
Heart Capital Makes Consecutive Investment in Kunlun Robotics, Accelerating Commercialization of Embodied Intelligence | HeartStar PORTFOLIO
Leading the embodied intelligence industry to achieve scaled, commercial breakthroughs.
"Stellar Fusion" Closes 500 Million Yuan Series A, Pioneer in Field-Reversed Configuration Fusion | Xinxing PORTFOLIO
The proceeds from this round will be used to continue improving and advancing the parameters of high-performance FRC devices.
He Xiaopeng in Conversation with Xiaojun Zhang: Physical AI Is 100 Times Harder Than Digital AI | Xingxin PORTFOLIO
A full pivot to the R&D roadmap for physical AI.
Congratulations to LandSpace on the Successful Flight Test of the Zhuque-2 Improved Y6 Carrier Rocket | PORTFOLIO
This mission marked the eighth flight of the Zhuque-2 carrier rocket.
Monolith's Xi Cao Named to Forbes 2026 Midas List
Made the list for two consecutive years on the strength of investments in MetaX, Unitree, and other companies.
Heart Capital Congratulates METiS Pharmaceuticals on Successful Listing on the Main Board of the Hong Kong Stock Exchange | Heart Star PORTFOLIO
The world's first publicly listed AI drug delivery company.
Heart Capital Portfolio Company Sunmi Technology Officially Lists on Hong Kong Exchanges and Clearing Limited, Global Leader in Commercial IoT | Heart Star PORTFOLIO
Nine years by your side — it's been an honor.
"Xi Wang" Raises Another Billion-Plus Yuan Round, China's Inference GPU Unicorn Reshapes AI Inference | Xinxing PORTFOLIO
One of the largest single funding rounds ever raised in China's domestic GPU sector.
AI Transformation: If History at the Port of New York Is Any Guide, Transformation Is a Pipe Dream — You Have to Be Born Again | VOICE
Finding a new place in the AI era.
Spring Sets the Stage | Z News
Let's look back at the highlights from the past three months — and we invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
"Micro-Nano Starry Sky" Debuts at Shanghai Commercial Aerospace Conference: The "Underwater Anchor Tenant" That Raised 1.56 Billion Yuan in a Year | Xinxing PORTFOLIO
A leading domestic high-end satellite manufacturer.
Heart Capital's Bingjian Wu: When "Lobster" Started Replying to My WeChat Messages for Me, I Saw the Glimmer of an Agent | Voice
The Great AI Voyage of the Chinese Diaspora
Heart Capital's Yanchen Liu: Finding Founders Who Stay Real Amid the Noise | VOICE
Invest in China's technology with conviction.
"Aviation Huitian" Secures Nearly $200 Million in New Equity Financing, Becoming Asia's Most-Funded Company in Manned Low-Altitude Flight | Xinxing PORTFOLIO
The company has raised approximately $1 billion in total equity financing throughout its history.
From Red Ocean to Blue Ocean: Xpeng Motors Redefines Autonomous Driving with Second-Generation VLA | Xinxing PORTFOLIO
THE FUTURE is now within reach.
Qiming Venture Partners Portfolio Company Zhipu AI Open-Sources GLM-5: From Code to Engineering, the Best Open-Source Model for the Agentic Engineering Era
On the authoritative global Artificial Analysis benchmark, GLM-5 ranks fourth worldwide and first among open-source models.
MONOLITH in Everyone's Eyes — Striving to Be a Honey Badger
Transparent, sincere, truth-seeking
A Deep-Dive Observation of FLAME's First Discharge: A Conversation with Starlight Fusion | PORTFOLIO
Another path to igniting fusion energy.
"Xingneng Xuanguang" FLAME Device Successfully Achieves First Plasma Discharge | Xinxing PORTFOLIO
An important milestone in advancing the commercialization of fusion energy.
A New Beginning | Z News
We’re looking back on the highlights from the past month of January, and we invite you to join us in witnessing the growth of our portfolio companies and what’s new at ZhenFund.
Heart Capital Invests in Xi Wang's Series A, Continues to Bet on AI GPU Development | HeartStar PORTFOLIO
The first GPU chip company that's all-in on inference.
Yan Han of Heart Capital: Going All-In on China's Hard Tech, Capturing the "Tip of the Pyramid" in Non-Consensus | Heart News
Heart Capital was named "China's Most Promising Investment Firm."
Heading into 2026 with MONOLITH
Happy New Year!
Heart Capital's Bingjian Wu: When AI Becomes Consensus, We Choose Non-Consensus | Voice
Be the earliest companion to non-consensus value.
The True Story of Huadong Wang
"He's the Haruki Murakami of China's investment world."
Vol.002 | A Conversation with Huadong Wang: Living a Haruki Murakami Life
Huadong Wang: I read 30 books this year. Here is my annual reading list | End of 2025
Diligence, distillation, execution.
Monolith Portfolio Company MetaX Lists on STAR Market
We have deep conviction in both the explosive growth potential and long-term staying power of China's domestic computing power market.
ZhenFund's early-stage portfolio company Moxi, which received two consecutive rounds of investment, lists on the STAR Market
One of China's leading domestic high-performance general-purpose GPU companies.
Heart Capital Congratulates MetaX on STAR Market Listing: Where the Heart Leads, the Path Follows | HeartStar PORTFOLIO
MetaX, a leading domestic high-performance GPU company, officially listed on the STAR Market.
MONOLITH Turns Four: Dual-Currency Fund Oversubscribed, Continued Focus on Early-Stage Startups
Finding the Best Companies in the Biggest Shifts
Monolith Raises $488 Million in New Funding
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Heart Capital Invests in Star Energy Xuan Guang's Pre-A Round to Accelerate Field-Reversed Configuration Fusion R&D | HeartStar PORTFOLIO
The device under construction is scheduled to be completed by the end of 2025 and achieve its first plasma discharge.
Heart Capital's Yan Han: Betting on "China Innovation, Global Market" for the Next 50 Years | VOICE
Global capital is rethinking China.
Another VC Rebrands with a New Name
The twentieth year of local iteration.
Heart Capital congratulates MetaX on the successful IPO review on the STAR Market.
A major milestone for domestic GPUs on their path to capital markets.
Monolith portfolio company MetaX Technology passes IPO review on STAR Market
A landmark event in the capitalization of China's domestic GPU industry
ZhenFund Early-Stage Project MetaX Clears STAR Market IPO Review
Proceeds from this fund raise will primarily go toward R&D and commercialization of new high-performance general-purpose GPUs, next-generation AI inference GPUs, and related projects.
Heart Capital's Bingjian Wu: I Don't Ask AI Startups About Their "Endgame" | Xinsheng VOICE
Build a boat and wait for the tide to rise.
Venture Where No One Has Gone Before | Z News
July is drawing to a close, and we invite you to join us in witnessing the growth of our portfolio companies and what's new at ZhenFund.
The Future Never Favors the Spectator | Monolith Monthly
Document every step forward.
XPENG AEROHT Raises $250 Million in Series B Funding, Accelerating Mass Production of "Land Aircraft Carrier" | Heart Capital Portfolio
This funding round will ensure the smooth realization of Xpeng Motors' flying-car R&D, mass production, and commercialization efforts.
The Wind Still Howls Where No One Stands | Monolith Monthly
Every step is worth recording.
ZhenFund Tops the "2024 Best Early-Stage VC Firms in China" List | Z News
ZhenFund and its portfolio companies received a total of 10 recognitions.
Monolith ranked among the top 30 best foreign VC firms on the ChinaVenture list in Q1, among 27 total honors.
Every achievement owes itself to the founders' foresight and hands-on execution.
Wanwu Capital Looks Ahead, Keeps Moving | Z News
Spring brings new beginnings; the future holds infinite promise.
"MetaX Co-Launches Shanghai Cube, a New Generation of Domestic, Self-Contained, Full-Stack High-Density Server Rack | Xinwen NEWS"
Build a benchmark project for fully autonomous, intelligent satellite production lines in China's commercial space sector, with complete supply-chain independence.
Kerry Han Lands His First Fundraise of 2025, Says He'll Reject All US Dollars
The sentimental Han Yan told an even more sentimental story.
The year draws to a close; a new chapter begins | Z News
A warm winter for good things.
Heart Capital AI Portfolio Company Shanji Technology Raises Tens of Millions of Yuan in Series A Funding, to Launch China's First Mass-Produced AI Camera Glasses | HeartStar PORTFOLIO
Continuously tracking global investment opportunities in artificial intelligence and digitalization.
ZhenFund Angel Project "Hyde Hydrogen Energy" Announces Completion of New Funding Round | Z News
China's most innovative green hydrogen technology company.
Xpeng Motors secures $150 million in Series B1 funding, accelerating flying car takeoff | PORTFOLIO
This funding round will ensure the smooth execution of Xpeng Motors' flying-car R&D, mass production, and commercialization.
ZhenFund-Backed LuminWave Raises Tens of Millions of Yuan in C2 Round | Z News
The proceeds from this round will go toward rapid R&D iteration and mass production of high-end 3D camera chips.
ZhenFund Early-Stage Project "NIP Group" Officially Lists on Nasdaq: China's First Esports Stock Is Born | Z News
Warm congratulations to NIP Group, the "first esports stock of China"!
Entrepreneurship is a climb where the journey itself is the reward.
The journey is the reward.
Monolith's Xi Cao and His Eleven Musketeers
Starting a business is like climbing a mountain — the meaning lies in the climb itself.
MaHui | Source Code Capital's Xingshi Wang Named to 2022 "F40 China Young Investors" List
MaHui Entrepreneurs | Biren Technology's Wen Zhang: The Story of China's Chip Companies Is Just Beginning
If there's a real chance to transform an industry, you have to try it — even if you lose everything.
