AI draws the most funding, hardware is most active, healthcare is hottest: This week’s top three VC trends unveiled | VC Weekly
AI draws the most funding, hardware is the most active, healthcare is the hottest: This week’s venture capital top three landscape revealed | Venture Capital Weekly
Summary
According to an incomplete tally by 36Kr, there were 141 financing events nationwide this week, with a disclosed total amount of about ¥15.85 billion. Text | Geometry Fish editor | Peng Xiaoqiu Cover source | Unsplash Market data full dashboard overall financing situation 1
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According to an incomplete count by 36Kr, there were a total of 141 financing events nationwide this week, with a disclosed total amount of about 15.85 billion yuan. |
From October 23 to October 29, according to an incomplete tally by 36Kr, nationwidea total of 141 financing events were disclosed, with a total amount of15.85 billion CNY. Among the six major hot sectors, AI was the most capital‑attracting field this week, with only25 deals, completingnearly 5 billion CNY in financing; hardware, with 55 deals, was the most active sector, with atotal of 4.44 billion CNY; this week’s medical industry financing is also noteworthy, with25 deals totaling 4.04 billion CNY, second only to AI and hardware, and unprecedentedly hot.
Among them, the largest financing amount this week was in the healthcare sector. On October 26, Corxel announced that its U.S. subsidiary signed a merger agreement with Nasdaq SPAC Amanat Acquisition Corp, and will be listed on Nasdaq after the merger.Simultaneously introducing about $300 million PIPE financing, plus approximately $75 million from the SPAC trust account, for a total raise of about $377 million, expected to close in the first half of 2027.
Note: For financing projects in this statistic that do not disclose specific amounts, they are converted using typical industry reference values (near ten million: calculated as 8 million CNY; ten‑million level: calculated as 10 million CNY; tens of millions: calculated as 30 million CNY). These are not actual disclosed data, only for overall trend reference; data source: IT Orange
Industry Financing Overview Statistics
Based on disclosed data, there were 42 financing deals of over 100 million yuan this week, mainly concentrated in five sectors: AI, hardware, healthcare, robotics, and automotive transportation. Among them, the hardware sector had the most large transactions, with a total of 19 deals. Below are the top ten projects by financing size this week.
Note: Financing projects without disclosed amounts and state‑owned enterprise financing projects are not included in this table | Data source: IT Orange
Company Name: Super Evolution Intelligence
Funding Round: Angel Round
Funding size: several hundred million RMB
Investors: LanChi Venture Capital led the round, with joint investment from SenseTime Guoxiang Capital, Lenovo Star, Inno Fund, Waterwood Alumni Fund and other institutions
Company overview: Super Evolution Intelligence was founded in August of this year and focuses on self‑evolution research foundation models. The company was founded by Chen Kai, former head of large models at Shanghai AI Lab, and concentrates on model‑level self‑evolution (RSI). Its goal is to endow models with meta‑research capabilities, enabling them to learn common methods across different research layers and transfer them to unseen domains. Currently the focus is on closing the full self‑evolution loop, building training environments and data, and establishing RSI‑related benchmarks; the technical roadmap starts with post‑training, training models of several hundred billion parameters, gradually moving to intermediate training, and launching pre‑training once resources mature. The team previously released the world’s first trillion‑parameter scientific foundation model Intern‑S1‑Pro, gaining mature experience in large‑scale base model training.benchmark; technical roadmap initially focuses on post‑training, training hundreds‑B models, then transitioning to mid‑training, and starting pre‑training after resources are ready. The team has already launched the world’s first trillion‑parameter scientific base model Intern‑S1‑Pro, possessing mature large‑scale base model training experience.
Team background: Founder Chen Kai earned his bachelor’s degree from the Department of Automation at Tsinghua University and his Ph.D. from the Multimedia Laboratory (MMLab) at The Chinese University of Hong Kong, under the supervision of Prof. Xiaowei Tang and Prof. Dahu Lin. He joined SenseTime in 2019 as R&D Director, began part‑time involvement in the establishment of Shanghai AI Lab in 2021, and officially joined in 2022 as head of the AI Lab’s Large Model Center and a Young Leading Scientist, leading the launch of the “Shusheng” series models ranging from hundreds of billions to trillions of parameters, scientific multimodal large models, and the domestic large‑model evaluation system “Sinan” (OpenCompass), among other achievements.
Company abbreviation: Qujing Technology
Funding round: Series B
Funding amount: over 1.3 billion CNY
Investors: YunChuang Capital, Changzhou High-Tech Investment, Jiantou Huake, Shangshi Capital, Hunan High-Tech Venture Group, ICBC Investment, XiaoKa Capital, Shenwan Hongyuan, SenseTime Technology, CITIC Juxin, Zhongguancun Science City, Xinglian Capital (Z Fund), Xiaoshan Capital, Wangsu Technology, Zhejiang Finance Capital, Qianjiang Century City, Zhuhai Technology Industry Group, Gansu Shuzhi, Yuanzi Future, Qingzheng Xingzhu
Company Overview: Beijing Qujing Technology Co., Ltd. is a globally leading high-efficiency AI token production service provider, focusing on delivering high-performance AI tokens and full‑scenario dedicated AI inference solutions for enterprises. The team is rooted in system‑level original innovation, leveraging globally pioneering technologies such as full‑system heterogeneous collaboration and storage‑based computation to help domestic computing hardware narrow the gap with international leading levels, contributing an important “Chinese solution” to the challenge of large‑model computing power.
Team Background: The core team originates from the Institute of High Performance Computing at Tsinghua University, with Academician Zheng Weimin of the Chinese Academy of Engineering serving as Chief Scientific Advisor and Professor Wu Yongwei of Tsinghua University as Chief Scientist.
Company Short Name: Micro‑Nano Core
Financing Round: C+ Round
Financing Scale: Over 1 billion RMB
Investors: Hangzhou Capital, Kaitai Capital, Jiantou Investment, Xiaochi Capital, Guotou Taikang, Shengkun Investment, Yantai Caijin Investment, Lingyang Fund
Company Overview: NCC (Micro-Nano Core) was founded in 2021 and is an AI chip company focused on 3D compute-in-memory integration. It pioneered the 3D-CIM™ technology stack, performing computation inside memory (CIM+3D) to fundamentally eliminate data movement overhead, breaking through bottlenecks in data bandwidth, compute efficiency, and compute density. This solves the “high performance + low power + low cost” trilemma and is seen as a core path for continued compute growth in the post‑Moore era; the company targets edge AI such as AI smartphones, AI PCs, intelligent computing centers, and embodied intelligent robots, as well as cloud inference across all scenarios, offering a full‑stack solution of AI chips, boards, and Token factories, dedicated to building a domestically produced, high‑efficiency compute platform for inference of billion‑scale large models.
Team Background: The team includes hundreds of PhDs/post‑docs from top universities and senior engineers from leading tech firms, with a high density of top‑tier talent leading the industry’s first tier. Over the past six years, the team has continuously published more than ten chip measurement results that break current world records at the International Symposium on Semiconductor Circuits and Systems (ISSCC), firmly placing them in the global first tier.
Robotics Section
Company short name: MoGan Technology
Funding round: Angel round
Funding amount: Hundred‑million RMB level
Investors: 鼎晖投资,华山资本WestSummit Capital,中科创星,浦东创投,绿洲资本Vitalbridge,龙芯创投,逐际动力
Company Overview: MoSense Technology was founded in May 2026, incubated from the champion team of the Hong Kong University of Science and Technology robotics competition. MoSense focuses on full-body multimodal tactile solutions for humanoid robots. Unlike vendors that mainly provide electronic skin hardware, MoSense’s differentiating advantage lies in delivering a complete technology chain—from tactile hardware and perception algorithms to tactile world motion models—offering a full‑stack solution covering hardware, algorithms, and models. Specifically, the company is currently building around three core products: the full-body electronic skin hardware MoSkin, the multimodal fusion tactile algorithm MoTact, and the multimodal fusion tactile world motion model MoWorld.
Team Background: Co‑founder and CEO Dr. Yan Chaoxu graduated from the Department of Microelectronics at HKUST and has long been engaged in high‑frequency systems, electromagnetic algorithms, and embodied multimodal sensing research. Co‑founder and CTO Dr. Zhou Hang graduated from the robotics program at HKUST, previously served as a senior algorithm researcher at an automotive‑grade autonomous driving company, and has focused on end‑to‑end autonomous driving models, world models, and embodied intelligence algorithms.
Company Short Name: Lingyan Technology
Funding round: Seed round
Funding amount: tens of millions RMB
Investors: 盈动资本,梅花创投,毅达资本,领甪资本
Company overview: Lingyan Technology was founded in June 2026, headquartered in Hangzhou. It is the country’s first bionic agile-face intelligent agent developer that achieves synchronized audio, lip, and eye movements, providing a full‑stack emotional interaction solution, FaceSoul Agent, for humanoid robots, service robots, and emotional companion devices.
Team background: The company’s founder and CEO Zhao Changyi, a post‑00s PhD from Jilin University, previously served as a core member in the early stages of Wuxi Quanzhibo (a leading domestic joint motor company) and Hangzhou Heiman Technology (a supplier of dexterous hands for Leju robots). All three companies originated from the Ministry of Education Key Laboratory of Engineering Bionics at Jilin University, and their founders were all mentored by Professor Liu Chunbao, a leading scholar of Tang Aoqing, who now serves as chief scientist for the three firms, creating a tightly integrated industry chain.
Company short name: Zhongke Huiling
Funding round: Series A+
Funding amount: several hundred million yuan
Investors: Yonghua Investment, Yuanhe Chenkun, Zhilai Investment, Hebei Jiantou Fund, Guoke Kezhi, Luning Investment, Maotian Investment
Company Overview: Beijing Zhongke Huiling Robot Technology Co., Ltd. was founded on August 30, 2023, headquartered in Haidian District, Beijing, and is an innovative high‑tech enterprise incubated by the Institute of Automation, Chinese Academy of Sciences, focusing on the development and application of general humanoid robots and embodied intelligence. The company mainly engages in intelligent robot R&D, manufacturing of specialized electronic equipment, and AI technology services.
Team background: Over 100 employees, 100% hold a bachelor’s degree or higher; more than 50% have education from 985/211 universities or overseas; the R&D team accounts for more than 75%, with 53% holding a master’s degree or above. Applied for over 500 patents, covering the entire embodied intelligence field; team members have filed 506 invention patents and received more than 60 technology awards.
Hardware segment
Company short name: LanKun Microelectronics
Funding round: Angel round
Funding size: several hundred million RMB
Investors: Light Fusion Ventures, Tsinghua Alumni Seed Fund, SMIC Juyuan, Tengye Venture Capital, Jinqiu Fund, Zhangjiang Haoheng, Longqiu Capital, Longxin Venture Capital
Company Overview: LanKun Micro was founded in May 2024 and is headquartered in Shanghai. The company focuses on the compute interconnect (scale‑up) track, emphasizing the development of high‑bandwidth optical interface (OIO) chips and chiplet integration solutions. Its products cover both NPO/CPO core chips and miniaturized module solutions. By collaborating with leading domestic compute, switching chip, and full‑system manufacturers, it provides differentiated, high‑performance, mass‑producible solutions for large‑scale AI compute centers.
Team background: The founding team comes from Tsinghua University, the Chinese Academy of Sciences, and well‑known enterprises at home and abroad, with decades of R&D experience in optical communications, and possesses full‑stack self‑development capabilities and industry experience from silicon photonic devices to integrated circuits. They have participated in multiple national research projects and have a number of representative achievements in the silicon photonics field, including international top‑journal papers and patents. Recently, the company was the first in China to launch a single‑chip integrated optoelectronic fusion optical I/O chip that conforms to the OCI international standard.
Company short name: Liangjing Technology
Funding round: Pre‑A round
Funding size: several hundred million RMB
Investors:Shenzhen Capital Group, Guoxin Sci‑Tech Innovation Fund (Guoxin Fund)
Company Overview:Lianjing Technology was founded in May 2025, engaged in research and industrialization of high‑temperature superconducting tapes, with technology originating from the Li Yijie team at the School of Physics and Astronomy, Shanghai Jiao Tong University. In April 2026, the company’s first production line was completed, integrating the full‑process technology and commencing trial production; the first line is expected to have a capacity of 3,000 km per year with a yield of 80%.
Team background:Li Yijie is a distinguished professor at Shanghai Jiao Tong University, long engaged in high‑temperature superconducting material research. He developed the world’s first and China’s first hundred‑meter‑scale second‑generation high‑temperature superconducting tape, and mastered the core technology for continuous fabrication of iron‑based superconducting tapes. He has conducted research at institutions such as SuperPower in the United States, Rice University, Peking University, and the International Superconductivity Technology Center (ISTEC) in Tokyo, Japan, and has led projects including the national 863 key program, the national ITER special project, and the national key R&D plan. Company CEO Wu Xiang holds a Ph.D. in physics from Shanghai Jiao Tong University, has been deeply involved in high‑temperature superconducting materials for more than a decade, and has led and participated throughout the design, installation, commissioning, and operation of kilometer‑scale production lines, possessing complete end‑to‑end experience from fundamental scientific research to industrial implementation.
Company abbreviation: Jiangling Technology
Funding round: Series C
Funding amount: several hundred million yuan
Investors:金浦投资、中芯聚源、超越创投、石溪资本、熠柏科创
Company Overview: Jiangsu Jiangling Semiconductor Co., Ltd. is a high‑tech enterprise focused on the research, development, manufacturing, and sales of semiconductor optical metrology and inspection equipment. The company was founded in March 2019, with its headquarters in the Lingang New Area of Shanghai, and a R&D center in Shanghai Zhangjiang and a manufacturing base in the National High‑Tech Zone of Changshu, Jiangsu. Jiangling Technology specializes in semiconductor optical metrology and inspection equipment. Its core products include critical thin‑film measurement devices, optical linewidth measurement equipment, and advanced packaging 3D and 2D inspection devices, having overcome technical challenges such as “critical thin‑film measurement” and “Micro‑Bump 3D measurement.” The products are used by many leading wafer fabs and advanced packaging factories both domestically and internationally.
Team Background:The core technical team consists of senior experts from leading global semiconductor companies, with an average industry experience of over 15 years. R&D staff account for more than 50% of the workforce, and 40% hold master’s or doctoral degrees.
Automotive sector
Company abbreviation: Xingkeyuan
Financing round: Pre-A round
Financing size: Hundred‑million yuan level
Investors: Hongyi Investment, Yibin Talent Fund, Xiamen Jiatai Fund
Company Overview: Hangzhou Xingkeyyuan New Materials Technology Co., Ltd. was founded on January 21, 2022. The company focuses on the R&D and production of silicon‑carbon anode materials for lithium batteries, independently designs CVD nano‑silicon manufacturing equipment, develops high‑volumetric‑capacity anode material process technology, holds 16 registered trademarks and 9 patents, and has achieved kilogram‑scale mass production of ultra‑fine nano‑silicon materials.
Team Background: Founder Li Xuegeng holds a bachelor’s degree in Chemical Engineering from Tsinghua University and a Ph.D. from the State University of New York at Buffalo. He spent over twenty years in the United States researching ultra‑fine nano‑silicon and launched his third venture in 2022. CTO Wang Dong earned his bachelor’s degree from Peking University and a Ph.D. from Rutgers University, with extensive experience in both academia and industry, and has collaborated with Li Xuegeng for many years in previous startups. Chief Scientist Li Zhifeng worked at Cabot for nearly 20 years, responsible for core material synthesis, surface modification, granulation, and slurry formulation.
Company Abbreviation: Weifa Electronics
Financing round: C+ round
Financing size: hundred‑million‑yuan level
Investors: Yida Capital, Huatai Zijin, Su Gao Xin Financial Holdings/Su Gao Xin Venture Capital, Guoke New Energy, Xiamen Jianfa
Company overview: Founded in June 2020, Weifa Electronics is headquartered in Changzhou, Jiangsu. It is a national high‑tech enterprise and a specialized, refined, distinctive small‑and‑medium‑sized enterprise, mainly engaged in the R&D and manufacturing of new‑energy high‑voltage DC contactors, intelligent distribution modules, and sensors. Its products are used in new‑energy vehicles, charging piles, energy storage systems, and other fields
Team background: The core team comes from Tsinghua University, Southeast University, Jilin University, Huazhong University of Science and Technology, Nanjing University of Science and Technology and other universities as well as some enterprises, bringing industry experience. The company has applied for more than 50 patents, and has accumulated technology in high‑power, high‑reliability, intelligence, integration and other areas.
Medical sector
Company short name: Jixing Pharma
Funding round: Strategic investment
Funding amount: $300 million
Investors: NEA恩颐投资-New Enterprise Associates, RA Capital Management, SR One, HBM Healthcare Investments AG, RTW Investments
Company Overview: Ji Xing Pharmaceutical Technology (Shanghai) Co., Ltd. is a clinical‑stage biopharma company founded in 2019 with investment from global firm RTW Capital, headquartered in Shanghai. The company aims to use a license‑in model to source, acquire, and develop innovative therapies worldwide, and has transitioned into a global biotech focused on cardiovascular and metabolic diseases. Its core pipeline includes the oral small‑molecule GLP‑1 receptor agonist CX11, JX10 (BIIB131) for acute ischemic stroke, and JX09 (PB6440) for hypertension, with several candidates now in late‑stage clinical development.
Team background: Mu Yanping, Executive Director of the Board and Chief Executive Officer, is fully responsible for Jixing’s business operations. She has nearly 30 years of experience in China’s pharmaceutical and medical device sectors, having held management positions at multinational pharma companies such as GlaxoSmithKline, AstraZeneca, Janssen (Xi’an), Johnson & Johnson Medical, and Merck, leading the team to launch multiple flagship products covering cardiovascular, metabolic, orthopedics, immunology, and oncology areas. She graduated from Shanghai Medical College of Fudan University with a Bachelor of Medicine, worked as a clinical physician for 7 years, and also holds an EMBA from China Europe International Business School.
Company abbreviation: Bai’ao Geometry
Funding round: Series A+
Funding amount: $100 million
Investors: Dacheng Capital, Rui Li Investment, China Life Equity, Guo Fang Innovation, Shanghai Biomedical Fund / Shanghai Industrial Capital, China Development Innovation
Company Overview: Beijing Bai’ao Geometry Biotechnology Co., Ltd. is a digital biology company founded on December 22, 2021, with legal representative Tang Jian. The company focuses on leveraging generative AI (AIGC) and geometric deep learning technologies to drive large‑molecule drug discovery, has built a protein design platform, and developed the open‑source machine learning framework TorchProtein.
Team background:The company was founded in 2022 by top AI drug discovery scientist Dr. Tang Jian, with deep learning pioneer and Turing Award laureate Yoshua Bengio serving as chief scientific advisor.
Consumer sector
Company abbreviation: Orange Cat Universe
Funding round: Pre‑A round
Funding size: several tens of millions RMB
Investors: Changlei Venture Capital, Gao Bingqiang, Qianhai Innovation Investment, Gaofeng Patience Fund
Company Overview: Orange Cat Universe was founded in 2023, focusing on the pet smart hardware track. Its first product is a passive, battery‑free cat nest hair‑collector. The company’s self‑developed dedicated molding tools and processing technology master comb‑tooth structures and integrated felt molding, and have completed PCT global patent certification. The product was validated on overseas crowdfunding platforms and entered leading European pet chain channels.
Team Background: Founder Tian Youren possesses extensive full‑stack hardware and software development capabilities. During university he participated in the China Engineering Robot Competition, RoboMaster Mech Master Competition, and other robotics events, winning multiple national awards. Other core members cover robotics engineering R&D, consumer hardware overseas expansion, brand marketing, and combine technical implementation with global commercialization expertise.
Company Short Name: Whale Yu Sake
Funding Round: A+ Round
Funding size: Not disclosed
Investors: Zhongcai Rongshang
Company overview: Whale Rich (WHALE RICH) is a Chinese sake brand under Ganzhou Qingyun Sake Co., Ltd. The company is a technology‑driven Chinese sake consumer goods enterprise that integrates R&D, production, and sales. The brand’s product matrix includes sake, fruit‑flavored sake, sparkling sake, and more. Positioned for a young consumer base, its mission is to revive Chinese sake.
Team background: Founder and CEO Liu Hanqing previously founded the restaurant brand “Hakka Courtyard.” Since 2015, he built a Hakka cuisine chain in Ganzhou, Jiangxi, turning it into a provincial intangible cultural heritage site. In 2022, he entered the sake sector and launched the Qingyun/Whale Rich brand. Technical R&D relies on external partners such as the China Institute of Food Fermentation Industry and Jiangnan University, as well as the expert team of the company’s Chinese Sake Research Institute.
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