Autumn Dreams, Good Fortune on the Breeze | Z News
A hint of coolness in September.
Z News is ZhenFund's news column.
September brought a harvest of good news. We're sharing this monthly report to invite you along as we witness our portfolio companies' growth and ZhenFund's latest happenings. Double strength, shared with you.
Portfolio News
ZhenFund early-stage project Neocrm makes Gartner SFA Magic Quadrant once again
Recently, international consulting firm Gartner released its 2024 Sales Force Automation (SFA, the core CRM module) Magic Quadrant report. Neocrm continued to set records: selected for the eighth consecutive year (2017–2024), and still the only Chinese CRM vendor ever to make the list.
Leyard and ZhenFund early-stage project Saphlux jointly release QD-mLED Direct Display Solution White Paper
On August 29, 2024, Leyard Optoelectronic Co., Ltd. and Saphlux, Inc. jointly released the Quantum Dot (QD-mLED) Direct Display Solution White Paper.
Chang Guang Satellite Future Lab visits ZhenFund early-stage project Star.ML
On August 28, 2024, He Xiaojun, Deputy Chief Engineer of Chang Guang Satellite and Director of the Future Lab, led his team to visit Star.ML for in-depth technical exchange and collaboration discussions with the company's R&D team on AI technology applications.
During the visit, both sides shared their latest technological innovations and research directions, explored opportunities and challenges facing AI + satellite applications, and exchanged views on technical solutions. Star.ML and the Chang Guang Satellite Future Lab will continue their exchanges and collaboration to jointly advance satellite intelligence.
ZhenFund angel project Laiye selected for Gartner® 2024 Critical Capabilities for Robotic Process Automation for four consecutive years
Recently, Gartner® released its 2024 Critical Capabilities for Robotic Process Automation report. Laiye earned high recognition from Gartner as the only Chinese vendor representative selected for four consecutive years, distinguished by its RPA magic hat, large language model-driven integrated platform, and containerization technology as enhanced functions and key capabilities.
ZhenFund angel project Intellifusion appears at 2024 Shenzhen (International) General Artificial Intelligence Conference
From August 28 to 30, the 2024 Shenzhen (International) General Artificial Intelligence Conference and Shenzhen (International) General Artificial Intelligence Industry Expo were held at Shenzhen World Exhibition & Convention Center (Bao'an).
The conference announced the Greater Bay Area AI Key Enterprises Top 50, with Intellifusion honored among the selections. At the International AI Leaders Summit, Intellifusion VP Zheng Wenxian shared perspectives on edge AI development trends.
ZhenFund angel project Hanwha Technology recognized as a 2024 Shaoxing Enterprise R&D Center
On August 20, 2024, the Shaoxing Municipal Science and Technology Bureau issued its Notice on the Recognition of 2024 Shaoxing Enterprise R&D Centers. Hanwha Technology's "Hanwha Technology Aqueous Zinc-Ion Battery Municipal Enterprise R&D Center" received this designation.
ZhenFund angel project Cyber Kunlun selected for 2024 GEI China Big Data Potential Unicorn Enterprise List
On August 29, 2024, the "2024 GEI China Big Data Unicorn Enterprise List Release Conference" was held in Guiyang, hosted by the China International Big Data Industry Expo Organizing Committee and published by Great Wall Strategy Consulting.
Great Wall Strategy Consulting released the GEI China Big Data (Potential) Unicorn Enterprise Research Report 2024 and the GEI China Big Data Potential Unicorn Enterprise List 2024. Cyber Kunlun was successfully selected for the Potential Unicorn Enterprise List.
Multiple ZhenFund portfolio companies awarded national-level specialized and innovative "Little Giant" enterprise designation
Recently, the Ministry of Industry and Information Technology announced the Sixth Batch of Specialized and Innovative "Little Giant" Enterprises and Third Batch of Review-Approved Enterprises. ZhenFund portfolio companies RiVAI Technologies, X-Epic, Salus Biomed, Innosilicon, and Yunzhou Intelligence received this national-level designation in recognition of their outstanding technological innovation capabilities, leading industry positions, and substantial growth potential.
Founders from multiple ZhenFund portfolio companies attend Fortune 40U40 Innovation Conference 2024
On September 5, 2024, the Fortune 40U40 Innovation Conference was held in Shanghai under the theme "The Era of Intelligent Business: Setting Sail for New Continents," exploring the path of technological innovation in the hardcore era with business elites. The conference featured one-on-one interviews, roundtable discussions, and keynote speeches.
ZhenFund portfolio company founders in attendance included Yao Song, Co-founder and Co-CEO of Orienspace; Zang Kai, Chairman and CEO of Adaps Photonics; and Wang Junqi, Founder and CEO of ChromX Health, all sharing their perspectives.
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Flexiv strategic incubatee Qirobot announces completion of hundred-million-yuan Pre-A round
On September 6, Qirobot announced the completion of successive angel and Pre-A rounds totaling several hundred million yuan. Qirobot was strategically incubated by Flexiv, which has been deeply engaged in general intelligent robotics for nearly a decade. ZhenFund previously participated in Flexiv's Series A round.
The Pre-A round was jointly led by prominent investment fund Prosperity7 Ventures and GF Xinde Capital, with participation from Zeyu Capital, Sinovation Ventures, MiraclePlus, Plug and Play China, and MFund. The angel round was led by Seedland Capital, with MFund, Jinghai Zhanyue, and SEE Fund also participating.
Multiple ZhenFund portfolio companies named to REAL 2024 Jiemian Tech Conference "REAL 100 Innovators List"
On September 6, Jiemian News held its fourth annual REAL Tech Conference in Shanghai under the theme "Large Models in Action: Reshaping Real-World Scenarios." The event explored the current state and future trajectory of AI large language models, and how they might intersect with industries like healthcare, video, humanoid robotics, and finance. At the conference, Jiemian unveiled three lists — the "REAL 100 Innovators," "REAL 100 Innovation Organizations," and "REAL Company" — with multiple ZhenFund portfolio companies making the "REAL 100 Innovators" cut.
Moonshot AI was recognized in the "AI Large Models" track, Horizon Robotics in "Intelligent Driving and Low-Altitude Economy," Xiaoyuzhou APP in "Internet and Lifestyle," and SpacemiT in "Hard Tech and Advanced Manufacturing."
ZhenFund angel project Enflame Technology unveils S60 at Tencent Global Digital Ecosystem Summit
On September 6, 2024, Enflame Technology was invited to the 2024 Tencent Global Digital Ecosystem Summit, where it showcased its next-generation AI inference accelerator card — the Enflame® S60 — and joined Tencent Cloud's High-Performance Cloud Intelligence Computing Center co-building initiative. The summit, themed "Intelligence Unlocks New Opportunities, Cloud Drives Growth," brought together discussions on frontier digital technologies like AI and explored practical paths for digital transformation to fuel industrial growth.
ZhenFund early-stage project Hesai Technology earns ISO 21448 SOTIF process certification
Hesai Technology, a global leader in LiDAR R&D and manufacturing, recently passed a rigorous audit by TÜV SÜD, the renowned third-party certification body. Building on its existing ISO 26262 and quality management system certifications, Hesai obtained ISO 21448 (SOTIF) safety of the intended functionality process certification — becoming the first company in the global LiDAR industry to achieve this milestone.
ZhenFund angel project Feiyu Technology's self-developed coding assistant Rosetta receives official registration
To promote the innovative development and regulated application of generative AI in Shanghai, the Shanghai Cyberspace Administration released the "Generative AI Service Registration Information Announcement," requiring registration for services that directly invoke already-registered model capabilities via API or other means, are offered to the domestic public, and possess public opinion attributes or social mobilization capacity.
As of August 30, Shanghai added ten newly registered generative AI services. Feiyu Technology's self-developed software programming assistant, Rosetta, was among them, receiving official compliance and security recognition.
ZhenFund angel project Lianyu Technology showcases AIGC platform at International Digital Energy Expo
On September 8, the 2024 International Digital Energy Expo opened at the Shenzhen Convention & Exhibition Center (Futian). With the theme "Digital Energy Pioneers, Smart Innovation for the Future," the expo featured Lianyu Technology — an international leader in AIGC vehicle-grid interaction energy services — as an invited exhibitor, where its innovative products and solutions became a highlight.
Tang Shouquan, Chairman of Southern Power Grid Shenzhen Power Supply Bureau, visited the Lianyu Technology booth for a tour and guidance. Dr. Qin Yudi, Chairman and CEO of Lianyu Technology, presented the company's newly released AIGC vehicle-home-grid energy management platform and user-side integrated source-grid-load-storage solution.
Multiple ZhenFund portfolio companies named to Fortune China's 2024 Most Socially Influential Startups list
On September 11, 2024, Fortune released its China Most Socially Influential Startups list. ZhenFund angel project Colossal-AI and early-stage projects SmartMore, UISEE, and Syrius Technology were honored with inclusion.
ZhenFund angel project Hanwei Technology attends 2024 Green Energy Development Conference
On September 7, Hanwei Technology participated in the 2024 Green Energy Development Conference, joining discussions on "International Cooperation for Green Energy Development." The conference was guided by the Revolutionary Committee of the Chinese Kuomintang (RCCK) Central Committee and the Chinese Academy of Sciences, and hosted by the China Energy Research Society, China Energy Conservation Association, China Electricity Council, and RCCK Central Economic Committee. Focusing on green energy industries and technological frontiers, the event gathered industry experts, scholars, and corporate representatives to explore the future of energy.
ZhenFund early-stage project Saphlux and angel project LeiShen Intelligent System appear at CIOE 2024 China Optoelectronics Expo
From September 11 to 13, the 25th China International Optoelectronic Exposition (CIOE 2024) was held at the Shenzhen World Exhibition & Convention Center. ZhenFund portfolio companies Saphlux and LeiShen Intelligent System showcased their products.
Dr. Chen Chen, Founder and CEO of Saphlux, and Cao Zeliang, Product Director, were invited to give presentations. Zang Kai, Chairman and CEO of LeiShen Intelligent System, delivered an industry trend talk titled "SPAD Array-Based Unified Sensing and Computing for 2D Imaging and 3D Point Clouds" at the 37th "Micro-Speech, Grand Meaning" LiDAR and 3D Sensing Technology Seminar.
ZhenFund angel project Rainsure Scientific showcases digital PCR at Thailand Lab International 2024
From September 11 to 13, Rainsure Scientific's DropDx-2044HT digital PCR system was on display at Thailand Lab International 2024 in Bangkok.
ZhenFund angel project Cardinal Operations helps Risen Energy win "2024 Future Enterprise Intelligence Leader" award
The 2024 IDC China Future Enterprise Excellence Awards were recently announced. Risen Energy, leveraging Cardinal Operations' intelligent computing and decision-making technology in its master production scheduling platform, stood out among numerous nominees to win the "Future Enterprise Intelligence Leader" award.
ZhenFund angel project Cyber Kunlun named CNNVD core technical support pilot unit
Cyber Kunlun has been awarded the designation of "Core Technical Support Pilot Unit" by the China National Vulnerability Database (CNNVD), recognizing its outstanding contributions to CNNVD vulnerability research technical support and the strong performance of its vulnerability management products.
On September 11, 2024, at the CNNVD Cybersecurity Vulnerability Governance Industry Collaborative Innovation Seminar, Cyber Kunlun's product lead delivered a keynote speech titled "Closed-Loop Vulnerability Management in the Context of Artificial Intelligence," sharing the company's explorations and practical applications of AI in vulnerability discovery and remediation.
ZhenFund angel project DeepGlint's smart campus sports practice named "2024 Education Innovation Scenario"
From September 11 to 14, the 2024 ITValue Summit, co-hosted by TMTPost Group and ITValue, took place in Sanya. At the event, the highly anticipated TMTPost 2024 "Innovation Scenarios TOP 50" list was unveiled. DeepGlint's DeepGlint ATOM sports training and examination system earned a spot on the list for its innovative practice of "Using AI to Build Efficient and Fair Physical Education Exams," becoming the only annual education scenario solution selected.
ZhenFund angel project Cardinal Operations named to TMTPost 2024 "Innovation Scenarios TOP 50"
Recently, TMTPost released its annual "Innovation Scenarios" Best Practice TOP 50 list. Cardinal Operations was selected for its "Intelligent Decision-Making Solution for Production Scheduling at a Leading Vehicle Manufacturing Enterprise."
As the only automotive manufacturing case on the list, this selection fully demonstrates the sophistication and implementability of Cardinal Operations' intelligent computing and decision-making technologies in driving digital transformation and growth for its users.
ZhenFund angel project Qingteng Cloud Security ranks first in both dimensions of Cloud Native Security Capability Guide report
Recently, Shushu Consulting formally released its 2024 Cloud Native Security Capability Guide. The report conducted in-depth research, analysis, and evaluation of domestic cloud native security vendors across two dimensions: "Application Innovation" and "Market Execution." According to the assessment results, Qingteng Cloud Security ranked first in both dimensions.
ZhenFund early-stage project Hesai Technology showcases at 2024 IAA Hannover International Commercial Vehicle Show
From September 17 to 22, 2024, IAA Transportation 2024 was held in Hannover, Germany. As a global leader in lidar technology, Hesai debuted its new flagship lidar product, demonstrating to the international market the broad range of application scenarios and large-scale deployment capabilities of lidar technology.
ZhenFund angel project Moresec partners with "Bureau M" to safeguard border railway software supply chain security
China Railway Bureau M Group Co., Ltd. — one of the eighteen major railway transport enterprises under China State Railway Group, here referred to as Bureau M — has selected Moresec's Leijian series products and related services to build a software supply chain security monitoring platform. The initiative establishes relevant standards and processes to address multiple existing practical issues, thereby reducing supply chain security risks and comprehensively improving developer security capabilities and software security quality.
ZhenFund angel project ChromX presents at 10th China Health Management Forum
The 10th China Health Management Forum, a major annual event in China's health management sector, was held on September 21, 2024, at the Beijing Guoce International Conference and Exhibition Center. The highly anticipated "Health Examination and Early Cancer Screening Sub-forum" ran concurrently.
ChromX was honored to participate in this forum, where it shared innovations in breath-based detection technology at the health examination and early cancer screening sub-forum. The company exchanged ideas with industry peers on new pathways for early screening and diagnosis in health management, jointly advancing the development of the field.
ZhenFund angel project VisionICs featured in Beijing Daily: Forging "Fire Eyes" to See All
Recently, VisionICs received a special feature in Beijing Daily titled "VisionICs: Forging 'Fire Eyes' to See All."
ZhenFund angel project Qingteng Cloud Security's Qingteng Tianrui RASP wins "2024 Application Security Excellence Product Award"
Recently, the "2024 China New Tech 100 Golden i Awards," co-hosted by Debeng Consulting, the Chinese Academy of Social Sciences Information Research Center, Internet Weekly, and eNet Research Institute, announced its results. Qingteng Tianrui RASP application security protection product stood out in the application security field to win the "2024 Application Security Excellence Product Award."
ZhenFund angel project DeepGlint showcases at 2024 International Innovation Week, invited to share AI sports innovations
Recently, the 2024 International Innovation Week was successfully held in Beijing. As a leading AI company in the industry, DeepGlint was invited to participate, demonstrating its innovations in campus sports — the DeepGlint ATOM motion-sensing interactive system. The exhibited motion-sensing interactive sports projects, including "AR Interaction," "Duel Mode," and "Sports Encyclopedia," attracted large crowds of visitors eager to experience the fun of sports meets AR.
ZhenFund early-stage project Flexiv showcases new products and mature applications at CIIF
On September 24, the 2024 China International Industry Fair (CIIF) opened in Shanghai. Flexiv (Booth 8.1H B001) presented multiple innovative solutions and robotic products, further expanding the application fields of adaptive robots.
On the opening day, Flexiv officially introduced its adaptive parallel robot Moonlight at its booth, and launched the newly upgraded Flexiv Elements 3 programming and operating system series.
ZhenFund angel project Yitu Technology invited to 2024 Smart City Expo to share smart city construction experience
The 2024 Smart City Expo opened grandly in Hangzhou on September 25. As the world's largest platform focused on urban smartization development and transformation, the Smart City Expo is considered the "Davos" of smart cities in Asia.
Yitu Technology, a leading enterprise in China's AI industry and a pioneer in the smart city field, was invited to participate in the conference. With extensive practical experience in large-scale smart city construction both domestically and internationally, the company shared its technological innovations and urban implementation experience with attendees.
ZhenFund Early-Stage Portfolio Company X-EPIC Wins "2024 China Auto Supply Chain Outstanding Innovation Achievement Award"
On the morning of September 25, the main forum of the 2024 China Auto Supply Chain Conference was held in Wuhan. At the event, Ye Shengji, chief engineer of the China Association of Automobile Manufacturers, officially announced the 2024 China Auto Supply Chain Innovation Achievements on behalf of the association. X-EPIC became the only EDA company to win the annual China Auto Supply Chain Intelligent Connected Vehicle Technology Innovation Achievement, recognized for its "Processor-in-the-Loop (PIL) System-Level Solution."
ZhenFund Angel Portfolio Company Colossal-AI Completes Series A++ Round of Hundreds of Millions of RMB
Recently, Colossal-AI announced the completion of a Series A++ round worth hundreds of millions of RMB. This round was jointly participated in by the Beijing AI Industry Investment Fund, Capstone Capital, Lingfeng Capital, and Shixi Capital. ZhenFund made its angel investment in Colossal-AI in 2021.
ZhenFund News
ZhenFund Named to Jiemian REAL 2024 Tech Conference "REAL 100 Innovators" List
On September 6, the fourth annual Jiemian REAL Tech Conference was successfully held in Shanghai. Centered on the theme "Large Models Landing, Reshaping Real-World Scenarios," the event delved into the current state and future trends of AI large models, and how they will spark innovation across healthcare, video, humanoid robotics, finance, and other industries.
At the conference, Jiemian unveiled three major lists: "REAL 100 Innovators," "REAL 100 Innovative Organizations," and "REAL Company." ZhenFund was honored on the REAL 100 Innovative Organizations list as "AI Innovative Organization of the Year."
ZhenFund and Multiple Partners Named to 36Kr 2024 "China Industry Investment Funds" Series Rankings
Recently, 36Kr announced its 2024 lists for "China's Most Influential Industry Investment Funds," "China's Top 10 Industry Investment Funds/Investors by Sector," and "China's Best ESG Investment Practice Institutions."
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ZhenFund was named to "China Embodied Intelligence Industry Investment Fund" and "China Artificial Intelligence Industry Investment Fund"
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Yusen Dai, managing partner of ZhenFund, was named to "China Aerospace & Aviation Investor"
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Emma Yin, partner at ZhenFund, was named to "China Embodied Intelligence Investor"
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Yusen Dai, managing partner of ZhenFund, and Yuan Liu, partner at ZhenFund, were named to "China Artificial Intelligence Investor"
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Anna Fang, founding partner of ZhenFund, was named to "China Advanced Manufacturing Investor"
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ZhenFund Named to ChinaBang "2024 Most Admired Venture Capital Institutions" List
Recently, ChinaBang released its "2024 Most Admired Venture Capital Institutions" rankings. ZhenFund was named to "Top 3 Early-Stage Investment Institutions 50" and "Top 10 AIGC Sector Investment Institutions 25."
Author: Stone
Editor: Wendi
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