iKingTec Closes C++ Round, Readies Launch of 'Battle Robe' One-Base Dual-Drone System | BlueRun Ventures
Boosting Productivity and Efficiency Through Four-Dimensional Capabilities
Recently, Cloud Saint Intelligence (Yunsheng Zhineng), an ultra-low-altitude integrated air-ground operator, completed its Series C++ funding round. The round was led by CICC Capital's CICC Keyuan Fund. This marks the company's return to capital markets just two months after its Series C+ round from the China Internet Investment Fund in February 2023.
BlueRun Ventures was the Series A investor in Cloud Saint Intelligence and also participated in the company's Series B and B+ rounds.
This funding round will continue to support lean mass production of new products and upgrades to the talent and organizational structure, advancing the continuous iteration of machines training machines. The company will dig deeper into industry pain points to serve customers and improve production and living efficiency through four-dimensional capabilities. In addition, the new product "Battle Robe," a single-hangar dual-drone system, is set for release soon.
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Founded 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 the Pre-A and Series A stages, covering sectors including hard tech and innovative interaction, enterprise technology, new consumer, and healthcare. It has invested in over 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi.com, Qudian, Songguo Chuxing, Ganji.com, Energy Monster, Yuntou Semiconductor, Machenike, Cloud Saint Intelligence, Anxin Wangdun, and BioMap.
BlueRun Ventures has been ranked #1 on Zero2IPO's "China Top 30 Early-Stage Investment Institutions" and ChinaVenture's "China Best Early-Stage Venture Capital Institutions TOP30," and was named among Preqin's Top 10 Global VC Fund Managers for Sustained High Returns.
The firm has also received consecutive recognition from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media outlets as "China's Best Early-Stage Firm of the Year," "China's Top Venture Capital Institution," "Most Entrepreneur-Friendly Early-Stage Institution of the Year," and "Most Influential Early-Stage Institution of the Year."