Zeren Bai
白则人
Zeren Bai (白则人) is an investment director at Linear Capital, where he has worked since 2019 after leaving Tencent's AI research division . He holds a bachelor's degree in engineering from Tongji University and a master's in science from Columbia University, and previously won the IBM Smart Business Analytics Competition . At Linear Capital he has progressed from investment vice president to senior investment director and, as of early 2026, executive director — earning a spot on the Nova rising-star investor list in 2025 . His investment focus has shifted from broad technology to AIGC and AGI applications, leading deals in projects including the text-to-image platform Tiamat, AI-native hiring tool Final Round, and AI industrial-design app Orthogonal . He also serves on the three-person investment team for Bolt, Linear Capital's lighter, faster vehicle for early-stage AI application builders .
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Coverage
After the Start of Summer, Growing Without Reserve | Linear Quarterly
Abundant sunshine, lush growth.
线性资本·"UNICUS Closes New Funding Round Led by Linear Capital, Building Lego for the AI Era | Linear Portfolio"
Bring generative AI onto the factory floor.
线性资本·"Ludens AI" Closes Two Rounds Worth Tens of Millions of RMB, With Linear Capital Leading the Angel Round | Linear Portfolio
A former DJI engineer founded a companion robot startup.
线性资本·Linear Capital's New Year Reading List Is Now Open Source — Trading Cognitive Upgrades with You | Linear Recommend
Capturing new signals at the cross-entropy of technology and the humanities.
线性资本·Linear Capital π Review: Agent Companies and Model Companies Are Entering Each Other's Turf — What Are They Thinking? | Linear Event
The logic of competition isn't "devouring," but "running toward each other."
线性资本·Linear Capital's π Program Recruiting: From Concept to Execution, Finding Best Practices for AI Agents | Linear Event
Born from technology, evolved into its own school.
线性资本·Event Recap | Search, Character.AI, Hardware: A Year of AI's Bumpy Road to Real-World Deployment
Linear Capital vs. Zhipu AI's Z Program — Text Summary
线性资本·Event Recap | Aug. 4 Bolt AI Demo Day: Ten AI Projects on Display
Creativity happens on site.
线性资本·Event Registration | This Weekend: AI Startup Talks in Silicon Valley
Last week we announced that Bolt members will be hosting a meetup at Stanford University this weekend.
线性资本·Event Registration | A Conversation on the Current State and Trends of AI Application Entrepreneurship
See you on the Stanford campus on July 7!
线性资本·The First Echo for AI Entrepreneurs
Sixty years ago, two American radio astronomers discovered the cosmic microwave background radiation — the afterglow of radiation left behind in the early universe, a landmark confirmation of the Big Bang model. It is all profoundly poetic. The Big Bang itself carries the grandeur of epic mythology: billions of years later, the beings on this planet detected its echo reverberating through the cosmos.
线性资本·"Yimu Technology" Ma Zhifen: From Serving Individual Ranches to Serving the Entire Livestock Industry, Built on Data Intelligence and Network Effects
"Yimu Technology" is a provider of digital and intelligent ranch solutions. In July 2023, [it announced an angel round exclusively funded by Linear Capital](http://mp.weixin.qq.com/s?__biz=MzAwNTAyMDAyNQ==&mid=2652305116&idx=1&sn=e9a1a987a3100a0ba18f8b35
线性资本·Linear Capital Portfolio Company | Boyi Huixin Secures China's First NMPA Class III Approval for Vascular Interventional Surgery Planning Software!
On November 1, 2023, DetecMicro®, a vascular interventional surgical planning software independently developed by Boyi Huixin (Hangzhou) Network Technology Co., Ltd. ("Boyi Huixin"), a portfolio company of Linear Capital, officially received Class III medical device registration approval (National Medical Device Registration Certificate No. 20233211596) from the National Medical Products Administration (NMPA). DetecMicro
线性资本·After 200+ Days of AIGC Fervor, Investors Reach Three Broad Consensuses
By Elune, edited by Jiumu, curated by Eason On July 19, Meta, Facebook's parent company, released the Llama 2 large language model, making it freely available for both research and commercial use — widely hailed as the most powerful open-source alternative to GPT-4. This marks a significant shift from the previous landscape, where numerous global large language models were built on Llama but constrained by its inability to be used commercially at no cost.
线性资本·Linear Capital AIGC Tech Salon Recap: AIGC Is Evolving by the Day — Has the Nature of Technology Changed?
At the end of May, Linear Capital co-hosted an AIGC tech salon in Hangzhou with portfolio company Manycore Tech. The event drew an overwhelming number of registrants — our thanks to everyone who signed up. The session ran for roughly three hours. Zeren Bai, Vice President of Investment at Linear Capital, kicked things off with an introduction to the firm, its investment focus, and standout portfolio companies, before diving into Linear Capital's existing AIGC investments and strategic approach to the sector.
线性资本·AI image generation technology provider Tiamat has raised an additional A+ round investment, led by Linear Capital
Launching a web version to accelerate tool-ification
线性资本·Linear Capital AIGC Tech Salon Preview: May 20, Hangzhou — A Conversation on the Opportunities and Challenges Brought by AIGC
On May 20, Linear Capital will co-host a technical salon with portfolio company Manycore Tech titled **"Facing the Inflection Point: Opportunities and Challenges Brought by AIGC."** At the event, Linear Capital director Can Zheng, investment vice president Zeren Bai, and select portfolio companies will share their perspectives. Registration is now open — **spots are limited, so sign up soon!**
线性资本·From Big Tech to VC: Nine Deals in Year One, with First Investment in Aikenong丨Core Investors
Self-taught calculus in middle school, holds a bachelor's degree in engineering from Tongji University and a master's degree in science from Columbia University, champion of the IBM Intelligent Business Analytics Competition, and previously worked at Tencent Cloud and Smart Industries Group.
线性资本·Why "Copy to China" Is Hard to Replicate, and Where China's LLM Opportunity Lies
Recently, Bai Zeren, Senior Investment Director at Linear Capital, sat down with *Jazzyear* to share his views on the entrepreneurial opportunities brought by ChatGPT. When it comes to the domestic market for large language model startups, Linear Capital remains optimistic. "While the engineering detours and challenges will take time to work through, the probability of Chinese companies producing something with 80% of ChatGPT's capabilities within two to three years is quite high — even if surpassing what OpenAI has already built will be difficult."
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