Linear Capital-led angel-round portfolio company Xinkong Intelligent announced the completion of a nearly RMB 100 million Series B funding round.

Recently, Linear Capital's angel-round lead investment project, Xinkong Intelligent — a leader in intelligent production line infrastructure — announced the completion of a nearly 100 million RMB Series B funding round. The round was led by Xiyu Capital, with follow-on investment from Yima Capital (Hundsun Electronics), and Index Capital serving as the exclusive financial advisor.

Chen Li, founder and CEO of Xinkong Intelligent, expressed his appreciation for the continuous support and recognition from partners since the company's founding. He noted that this funding round was successfully completed with the assistance of Index Capital. The Index Capital team possesses professional industry knowledge and extensive transaction experience in AI and industrial manufacturing. Beyond their core responsibility of completing the financing transaction with high quality and efficiency, they actively participated in strategic growth discussions, providing valuable advice that has been particularly precious for Xinkong Intelligent at its current stage of rapid growth. Chen thanked Index Capital for their professional and efficient work in communicating the company's excellent product technology and value to the market and investors, and expressed strong anticipation for continued deep cooperation.

Wang Jianhua, founding partner of Index Capital, stated that Xinkong Intelligent possesses deep AI industry knowhow, professional background, and technical capabilities. Its intelligent production line solution, built on a fully self-developed underlying AI engine, features extremely high barriers and scarcity. Based on precise AI algorithms and rich industrial background, the company achieves full-process integration from virtual to physical environments — from intelligent production line design and centralized control to equipment execution — rapidly covering multiple core industrial sectors including new energy vehicles, photovoltaics, lithium batteries, pharmaceuticals, and logistics with advantages of low cost, fast deployment, and high precision. The company has gained recognition from numerous industry benchmark clients, with a clear commercialization path and efficient implementation. Riding the wave of AI 2.0 combined with industrial background, Index Capital firmly believes in Xinkong Intelligent's development prospects in intelligent high-end industrial manufacturing, its potential for rapid commercial breakthrough, and its emergence as a core technology leader in pan-industrial intelligence in China and globally.

Transaction Q&A

Q

What is the development potential of China's intelligent production line industry, and what are the industry's pain points?

In recent years, under the strategic guidance of transforming from a manufacturing giant to a manufacturing powerhouse, China's industrial internet has continued to expand in scale, and intelligent manufacturing has maintained vigorous development momentum. Since the State Council issued the New Generation Artificial Intelligence Development Plan in July 2017, a series of policies encouraging unmanned and intelligent upgrades of production lines have been introduced intensively. The positive macro environment has propelled intelligent production lines into a golden period of high-speed development.

At the same time, the process from design to construction of intelligent production lines features long cycles and large investments, with serious reliance on manual labor, uneven design quality, repeated debugging during delivery, and difficult collaboration between work stacks caused by distributed control. Pain points are prominent, including poor accuracy of design-to-construction solutions, severe information silos, and low capacity utilization rates. Every key link in the intelligent production line planning process presents opportunities for intelligent upgrades, and new-generation intelligent production line comprehensive solutions are becoming core necessities for intelligent production line construction.

Q

What solution does Xinkong Intelligent provide?

Founded in May 2019, Xinkong Intelligent is a software-hardware integrated solution provider for the intelligent manufacturing industry. It provides equipment suppliers and solution engineers in the intelligent manufacturing industry with full-stack development tools for "rapid solution design" and "agile implementation," generating production line layout solutions with one click through AI algorithms, offering modular robots for rapid production line construction, and achieving true digital twins with edge computing centers as the hub.

With advanced motion control and AI technology at its core, the company provides main products including intelligent production line planning software, centralized controllers, and modular robots. Starting from building production lines in virtual environments, it predicts design outcomes (capacity, cycle time, etc.) in advance. Design code can be deployed with one click to the centralized controller, which then controls downstream modular robots — making it the first company to achieve comprehensive integration from virtual to physical environments.

Rooted in multiple industries including new energy vehicles, 3C, photovoltaics, lithium batteries, biopharmaceuticals, and warehousing logistics, Xinkong Intelligent develops general solutions and provides system integrators with one-stop intelligent production line solutions that are predictable, cost-controllable, short-implementation-cycle, and highly flexible.

Q

What are Xinkong Intelligent's key capabilities and core advantages?

① Product Capabilities

Xinkong Intelligent currently has three main products: intelligent production line planning software, centralized controllers, and modular robots. Among them, the production line planning software "Xin Factory" is based on an AI design engine and massive production line data, enabling rapid robot production line construction in Lego-like building block form. It is simple and user-friendly, capable of predicting outcomes such as capacity in advance; it achieves AI automatic precise layout according to different process scenarios; it contains massive initial design drawings and can generate multiple schemes simultaneously; and it enables virtualization and personalized debugging on existing production lines to meet flexible and changing demands.

Meanwhile, Xinkong Intelligent's "Centralized Controller" enables one-click model code deployment and master control of multiple devices. Combined with various "Modular Robots" including standard slide robots, six-axis robots, and four-axis robots, it can meet customized demands for complex processes, high-precision scenarios, flexible production, and industry-general applications.

② Technical Advantages

Based on massive industrial data and artificial intelligence, Xinkong Intelligent has built a highly reusable intelligent production line underlying engine. Through technical means including automatic design, virtual debugging, motion obstacle avoidance, and cycle time analysis, it achieves intelligent production line design; through various industry maps, process maps, and equipment model data, it achieves information graphization. Combined with physical world information data, this completes the industrial AI algorithm closed loop, absorbing massive industrial digital assets to provide full-chain AI decision-making empowerment from solution planning to implementation for various complex process scenarios.

③ Core Team

Xinkong Intelligent possesses a rare core team in the industry, combining strong AI and industrial robot industry background with research experience. The company's founder and CEO formerly served as dean of Siasun Robot's Hangzhou Research Institute, with over 10 years of research experience in key common technologies for industrial robot bodies and controllers, automation equipment, and digital unmanned factories, having participated in multiple national and provincial key research projects. The main technical team comes from leading domestic enterprises in AI, robotics, vision, and communications.

Q

How do investment institutions evaluate Xinkong Intelligent?

Huang Xiaoli, founder of lead investor Xiyu Capital, stated that today's automated production lines are widely criticized for lengthy design and implementation cycles, low output efficiency, and data fragmentation, with the disconnect between control systems and hardware also being a notable concern. Xinkong, with its disruptive innovative technology, perfectly integrates controllers, design software, and robots. Through real-time feedback of production line data and precise optimization by AI algorithms, it achieves comprehensive coverage from design to implementation. This not only significantly reduces production line construction costs but also substantially improves production efficiency during operation, leading the intelligent production line industry to new development heights. The core team, built by senior industry elites and AI scientists, is deeply impressive. With their profound industry insights, rich practical experience, and outstanding technical capabilities, they will undoubtedly inject strong momentum into the future development of intelligent production lines.

Qiu Li of Yima Capital (Hundsun Electronics) stated that Yima Capital focuses on large software track investments. In the industrial software field, they pay attention not only to domestic substitution but also to software as an efficiency-enhancing tool in industrial scenarios. National manufacturing transformation and upgrading, along with capacity going overseas, make unmanned new production lines an inevitable trend. However, production line construction, optimization, and changeovers still consume substantial time and manpower, constraining manufacturing enterprises' capacity and flexibility. Xinkong Intelligent is essentially an AI-driven software company that effectively combines AI with robot kinematics, achieving production-line-level design, simulation, control, and AI optimization in large-scale robot application scenarios. Moreover, through continued tracking of the company, Xinkong's team has made encouraging progress in business model construction and business development, and Yima Capital firmly believes in the company's rapid future development.

About Linear Capital

Linear Capital is an early-stage investment institution focused on "frontier technology + industry" direction — that is, frontier technology represented by data intelligence, digital new infrastructure, next-generation robotics technology, and new technology transformations in traditional fields (such as biomedicine, materials, energy, etc.), applied across vertical industries to substantially improve industrial efficiency, empower solutions to pain point problems, and complete industrial upgrading, achieving excess returns through substantial increases in industrial value. It currently manages ten funds with total assets under management of approximately $2 billion.

Its investment stage focuses primarily on leading angel to Series A rounds, with typical investment amounts of $3-8 million or equivalent RMB per project.

To date, it has made early-stage investments in over 120 entrepreneurial teams including Horizon Robotics, Kujiale, Sensors Data, Tezign, Rokid, Guandata, Agile Robots, and others. The combined valuation of Linear Capital's portfolio companies is approximately $20 billion.

In the near term, Linear Capital is working to become the best "Data Intelligence Technology Fund," and in the long term, gradually build itself into the most influential "Frontier Technology Application Fund."