The Start of Autumn — Wanwu Awaits the Harvest | Linear Quarterly

Today marks the beginning of autumn. The summer heat gradually fades, and the natural world shifts from abundance toward conservation. After spring's sprouting and summer's growth, the steady work of cultivation begins to echo back. True results come from relentless, long-term accumulation and perseverance. We have always believed that time rewards those who walk with conviction.

Looking back at the past quarter, we've tracked developments across the Linear Capital portfolio — from funding rounds and product launches to strategic partnerships and industry recognition. Here are selected highlights of our companies' progress:

Funding Updates

Zhengqi Future

Zhengqi Future announced the completion of a multi-hundred-million-yuan angel funding series within eight months. Proceeds will primarily fund R&D for its QUORRA DoorMind world model and QUORRA FLAT motion execution platform, mass production of short-distance mobility robots, and development of online and offline sales channels.

NewPro

NewPro announced the completion of a tens-of-millions-yuan Pre-A round. Funds will be used to advance its industrial chassis retrofit technology system FlexBaseTM and intelligent precision fermentation process NeuroBrewTM, focused on biomanufacturing of scarce functional proteins found in nature.

AIVELA

AIVELA announced the completion of a multi-million-dollar angel round. The funding will support building a global AI wearables brand. Its debut product, the AIVELA Ring Pro, has surpassed 10,000 units in global crowdfunding, raising over 10 million yuan, with plans for mass-market launch in the second half of the year.

Zhangyu Power

Zhangyu Power announced a new $50 million funding round. Proceeds will accelerate development of its world foundation model and "hand-brain integrated" platform.

Simple AI

Simple AI announced the completion of a multi-hundred-million-yuan Pre-A round led by DiDi, marking its first introduction of strategic capital with dual backgrounds in industrial scenarios and robotics supply chains — laying a solid industrial foundation for subsequent mass production and scenario deployment of embodied robots.

Starry Wilderness

Starry Wilderness announced the completion of an angel round with an exclusive investment from Linear Capital, dedicated to exploring a new generation of starfield Robot Camera, starting with astrophotography as its entry point.

Anyverse Dynamics

Anyverse Dynamics announced the completion of a $200 million+ angel round. The funds will be continuously applied to embodied general brain R&D, technical infrastructure construction, and global scaled delivery.

White Rhino

White Rhino officially announced the completion of its C1 round. Funds will be used primarily for core technology R&D iteration, automotive-grade product mass production, multi-scenario commercial expansion, and global market layout. This round also marks the acceleration of a "technology + scenario + capital" super-ecosystem.

Whale

Whale officially announced the completion of a $40 million C3 round, bringing its total Series C funding to over $100 million. Its global enterprise-grade AI-native technology business now spans 45 countries and regions, serving more than 1,600 large enterprises.

Deep Principle

Deep Principle completed its Series A funding, with cumulative financing approaching 1 billion yuan. Deep Principle will further increase resource investment in model technology, pipeline R&D, and commercialization, accelerating the reshaping of the AI-driven materials R&D complete chain and continuously expanding its international lead in AI for Materials.

Mindverse

Mindverse announced the completion of a nearly $50 million Series A round led by Meituan.

Guangyu Yuanxin

Guangyu Yuanxin announced the consecutive completion of Pre-A and Pre-A+ rounds, with cumulative funding exceeding 100 million yuan.

Yiru Technology

Yiru Technology announced the completion of a 100 million yuan+ Series A round. Following the introduction of prominent state-owned capital and top-tier industrial capital, Yiru will continue advancing bio-based leather technology expansion, accelerating construction of a full-chain commercial closed loop from raw materials to brand endpoints, and pushing bio-based materials into a new phase of deep integration with mainstream high-end brands.

BTRY

BTRY successfully secured a €2.2 million non-repayable grant from the European Innovation Council (EIC) Accelerator. The company will leverage these funds to accelerate industrialization and mass production of thin-film solid-state battery technology.

Product & Business Progress

Horizon Robotics

Horizon Robotics officially released its full-scenario assisted driving system HSD V2.0 and began OTA push to automakers. This marks the largest-scale OTA upgrade since HSD's launch, with V2.0 featuring evolution across six dimensions, 18 new functions, and 25 experience optimizations. With core capabilities of "any point-to-point, full-dimensional collision prevention," it demonstrates a new paradigm of continuous evolution for one-stage end-to-end systems.

D-Robotics

D-Robotics' Sunrise S600, leveraging its high-reliability hardware and edge-cloud integrated toolchain, has partnered with over 20 leading customers within six months of launch, including Tashi Zhihang, UBTECH, and the Beijing Humanoid Robot Innovation Center. Coverage spans humanoid robots, industrial wheeled dual-arm systems, embodied large models, and other scenarios, with most projects entering real-machine testing phases.

Agile Robots

Agile Robots officially launched its "five-in-one" AI physiotherapy and wellness robot for the wellness and physiotherapy industry. Centered on high-precision robotics, it integrates AI voice interaction and multimodal quick-change end effectors, aiming to break through traditional physiotherapy store operational bottlenecks through Physical AI technology and deliver safe, personalized, immersive tech-driven wellness experiences to consumers.

Manycore Tech

Manycore Tech and Insta360 reached a strategic partnership. Building on their respective hardware and software strengths, the collaboration fuses Insta360's innovative high-performance imaging hardware with Manycore Tech's 3DGS spatial reconstruction capabilities to jointly release a new-generation spatial reconstruction solution, exploring new paradigms for content production in the 3D era.

EHang Holdings Limited

EHang Holdings Limited entered into low-altitude cooperation with Hong Kong Cyberport Management Company Limited, successfully being selected for Hong Kong's low-altitude economy "Regulatory Sandbox X" first batch of non-traditional aircraft pilot projects, promoting the application of autonomous electric vertical take-off and landing (eVTOL) aircraft in Hong Kong.

Tashi Zhihang

At the International Conference on Robotics and Automation (ICRA), Tashi Zhihang's DexHand dexterous hand made its global debut. Its core breakthrough lies not merely in single-point hardware performance, but in achieving high-level coupling of hardware, data, and model capabilities together — forming an entirely new "hand-brain integrated" system.

Rokid

Rokid reached an exclusive partnership with China Media Group in the AI glasses domain, becoming the official broadcast partner for CMG's 2026 FIFA World Cup coverage in the US, Canada, and Mexico. This marks the first appearance of the AI glasses category in World Cup history, injecting new technological momentum into a premier global sporting event through Rokid AI glasses and opening new interactive experiences for fans worldwide.

Tezign

Tezign founder Ling Fan unveiled the Subjective World Model (SWM) at SuperAI, Asia's premier AI summit. This is a foundation model with the goal of "learning from people, understanding people." Its innovation lies in structure — decomposing "subjectivity," something traditionally difficult to quantify, into four independently modelable yet mutually collaborative layers.

Anyverse Dynamics

Anyverse Dynamics officially released MWA™, the world's first "long-temporal bidirectional physical causal chain" latent-space world model — an embodied general brain. Simultaneously, it set a new industry record and claimed global first place on RoboCasa GR1 TableTop, an embodied intelligence authoritative benchmark jointly initiated by Stanford University and other top institutions.

ThinkingData

ThinkingAI Agentic SDK was officially released, with full support for the HarmonyOS intelligent agent framework HMAF 2.0 ecosystem, providing observability for edge-side Agent operational status — covering Agent call traces, latency, success/failure, and other runtime information.

Guandata

Guandata's AI decision intelligence platform DecideX made its global debut. DecideX is positioned as enterprises' "decision intelligence hub" — centered on decision-making, it builds a complete operational mechanism around business objectives, decision decomposition, Agent reasoning, strategy selection, action promotion, and feedback evolution. The platform also connects enterprise data, knowledge, rules, and business workflows to help enterprises form more complete decision-making operational capabilities.

Tophant

Leading Chinese AI expert Jianye Hao joined Tophant as Chief AI Security Scientist. Professor Hao will lead the team in tackling critical AI security directions including general security expert agents, code security audit large models, and memory security large models. Tophant will also establish a joint R&D mechanism with Memorax AI, founded by Professor Hao, to jointly accelerate industrial transformation of cutting-edge AI security technologies.

We-i-build

We-i-build's painting robots were successfully deployed on Singapore's largest land transport infrastructure project — the Cross Island Line. We-i-build's high-wall painting robots were introduced to the Changi East Depot project, demonstrating free movement and uniform, stable spraying in complex construction environments including cramped basement spaces, narrow corridors, and core tubes. Since 2024, We-i-build has been deeply cultivating the Singapore market, securing consecutive official authoritative endorsements.

Lightin

Lightin and Yangcheng Technology formally signed a strategic cooperation agreement, pursuing deep collaboration across intelligent hardware perception, motion data algorithms, AR display interaction, and AI load modeling. Going forward, both parties will focus on three directions: competitive sports training intelligence, youth sports education digitalization, and mass scientific exercise service digitalization — committed to making professional-grade motion data services accessible to broader populations.

Bot Auto

Bot Auto successfully completed its first commercial autonomous trucking run across the United States. On the night of April 29, a Bot Auto driverless truck departed from Houston with no safety driver, no in-cab observer, and no low-latency remote human intervention. The vehicle arrived on schedule at the Safe Stop distribution station in Hutchins, south of Dallas, completing the journey in 3 hours and 41 minutes.

Deep Principle

Deep Principle and MetaX achieved strategic cooperation, focusing on industrial coolant R&D scenarios in the chemical industry. Starting from discovery, screening, and verification of high-performance industrial coolant molecules and candidate systems, the collaboration leverages the AI Scientist platform's capabilities to break through AI-era materials performance bottlenecks, jointly building a closed-loop "AI modeling + high-performance computing + experimental verification" system.

YuanYe Technology

YuanYe Technology provided core technical support for ANTA Group's first smart sports protection device equipped with an "artificial tendon" system, accelerating the intelligent upgrade of sports equipment through robotics technology. Going forward, YuanYe will expand into footwear, apparel, rehabilitation, and other scenarios through technology licensing and module supply, opening up platform-based commercial space.

StoneWise

StoneWise signed an ecosystem cooperation with Guangzhou Pharmaceutical Group and Huawei, jointly building an independently innovative AI drug design platform to drive digital and intelligent upgrading of pharmaceutical R&D. This cooperation represents both the first substantive implementation of StoneWise and Huawei's "lighthouse project" in the biomedicine track, and marks an important breakthrough in StoneWise's support for leading pharmaceutical groups' digital-intelligent transformation.

Ziqian Technology

At the Huawei Cloud Industry AI Dream Factory launch and onboarding ceremony, Ziqian Technology joined as one of the first partners in the intelligent manufacturing zone, officially entering Huawei Cloud's industry AI innovation ecosystem for intelligent manufacturing. This cooperation will further drive collaborative exploration between Ziqian Technology and the Huawei Cloud ecosystem in industrial AI, intelligent R&D, cloud-based CAD, data collaboration, and industrial intelligent agents.

Ruiwei

Ruiwei and Nippon Seiki jointly established a collaborative innovation laboratory. Leveraging Ruiwei's advantages in HUD original innovative technology and Nippon Seiki's deep experience in automotive electronics and display systems, the partnership is dedicated to advancing HUD technology applications across diverse vehicle models and driving scenarios. Both parties will jointly explore innovative applications including Parallel Vector (PV) ghost-free image technology, further enhancing the immersion and safety of cockpit information display.

Dongliang Materials

Dongliang Materials' globally first 300-ton nanoporous carbon powder mass production line was officially commissioned at the Bate Nano Silicon-based Materials Industrial Park in Junan County, Linyi City, Shandong Province. The breakthrough addresses consistency and cost bottlenecks in industrial preparation of this material, providing critical supporting capabilities for silicon-carbon anode and other applications.

Luomi Medical

Luomi Medical's Proteonano high-depth proteomics platform was featured in top-tier journal Molecular Cancer (IF>40), validating the clinical translation potential of its plasma protein enrichment technology.

J-Elephant

J-Elephant received strategic investment from global warehousing robotics leader Geekplus, and formally signed a deep strategic cooperation agreement. Focusing on the global pallet warehousing automation market, J-Elephant will leverage Geekplus's global resources to accelerate technology scale deployment and overseas expansion. Geekplus will integrate J-Elephant's products and technology to create innovative solutions meeting lightweight pallet warehousing automation market demands.

Simple AI

Simple AI reached cooperation with China Tourism Hotel Group, first deploying the industry's first embodied robot hotel scenario POC verification at Beijing Lido Vision Hotel — continuously validating robots' autonomous perception, task execution, and multi-scenario collaboration capabilities in complex dynamic environments within real hotel operations.

Kexing Spacetime

Kexing Spacetime reached cooperation with Shanghai Technology Exchange and Unitree, launching the world's first high-quality real-machine data demonstration platform. The tripartite collaboration jointly explores physical AI data infrastructure construction around embodied data collection, governance, rights confirmation, pricing, and cross-border delivery.

Zhangyu Power

Zhangyu Power's SYNEMG electromyography large model achieved the world's first cross-individual zero-shot generalization of EMG signals, officially releasing three OctoSense data collection solutions — truly moving EMG from "one model per person" to "one model for thousands." Facing new individuals not in the training set, the model requires no additional individual data and no incremental training to recover hand posture and force states.

Industry Presence & Recognition

Deep Principle

Deep Principle's AI scientist platform Mira ranked first across three global general scientific research capability benchmarks in the Research Claw Benchmark, covering chemistry, energy, materials, and drug discovery — demonstrating excellent cross-disciplinary reasoning and complex task execution capabilities. Simultaneously, in cost-performance comparison, Mira achieved the highest average score with lower AI call costs than comparable products.

Tenfong

Tenfong appeared at NVIDIA's booth at the Supply Chain Expo. From the fusion of self-developed neural operators with NVIDIA PhysicsNeMo, to the engineering deployment of the TF-AIDEA physical AI platform, to real-scenario validation of vehicle design intelligent agents, the company comprehensively demonstrated its new physical AI platform's practical engineering applications, attracting numerous attendees to stop and engage.

Datablau

Datablau was invited to showcase its latest AI-native data governance products at global tech event Web Summit Rio, drawing high attention from attendees and media. Founder and CEO Zheng Wang was invited to deliver a keynote speech on "Data governance — AI fundamental," and engaged in deep exchanges with AI entrepreneurs, investors, and technology leaders from Latin America.

White Rhino

White Rhino and SF Express jointly appeared at the 2026 Asian Logistics Exhibition, with White Rhino's unmanned delivery vehicle R3 serving as the core exhibit of their collaborative deployment. The booth simultaneously showcased an integrated "air + ground" unmanned delivery matrix combining SF's Fengyi drones and ground unmanned vehicles, paired with SF's AI dispatch brain and Fengho carbon management system — presenting a complete, scalable end-to-end unmanned urban delivery solution, becoming a popular focal point in the smart logistics exhibition zone.

Linguniverse

Linguniverse's Xiaofang device stood out from hundreds of global projects to win the BEYOND Awards 2026 Best Innovation Award. Linguniverse continues exploring the integration of AI terminals, intelligent agent operating systems, and real-world scenarios around Xiaofang and LingOS — making technology more naturally participate in people's learning, expression, companionship, and creation.

Yiru Technology

Yiru Technology made its overseas debut at the Future Fabrics Expo (FFE) in Brussels, Belgium. The new series unveiled at the exhibition represents Yiru's flagship product line custom-developed for the global market. Through long-term research into frontline fashion aesthetics, leather goods processing techniques, and brand sustainability demands, the team has completed targeted optimization in touch, color plasticity, and wear resistance. During the exhibition, multiple cooperation intentions were reached with overseas brands and supply chain partners.

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