Quickly grasp investment trends and understand capital dynamics.
Author丨Changfeng
Source丨Dongsi Forty Capital
Hello everyone, I am Changfeng. Today I bring you professional investment research information from the capital market last week.
Focus Review:
Hard Technology Sector, Body "Brain" in high demand. Last week, Qianjue Technology announced the completion of A+ round financing amounting to hundreds of millions. This round of financing was jointly participated by well-known market institutions and industrial investors including Yuanhe Houwang, Xiaoguang Capital, Chip Energy Venture Capital, Inno Angel Fund, Jingming Capital, and Future Marginal Venture Capital. In addition, Hefei Zhongke Brain officially announced the completion of a strategic financing round B+ amounting to hundreds of millions; this round was led by Zhongche Capital under a state-owned enterprise and followed by institutions like Yinxing Valley Capital, Shuimu Fund, and Qidi Fund.
Healthcare Sector, increased participation of local state-owned capital. Last week, the data-driven full-stack brain-computer interface platform company Jialiang Brain Science announced the completion of two financing rounds C and D, with a cumulative financing amount reaching hundreds of millions of RMB. The C round was led by Qiming Venture Partners, with old shareholders Yuhang Guotou and Chende Capital continuing their investments, and followed by Tailong Investment, Puyou Xinye, Jianyuan Xizheng, Lingang Lanwan Fund, Yufu High-Quality Fund, and Hehe Venture Capital. The D round involved multiple institutions including Saizhi Bole, Kuanqiao Hengsong, and Ningbo State Capital. Additionally, InnovaPharma announced it has completed nearly 800 million RMB in D round financing, led by Yuan Sheng Venture Capital and followed by various funds managed by Beijing National Management, including the Beijing Medical Health Industry Investment Fund.
Internet Sector, smart glasses become a new favorite. Last week, Liangliang Vision (LLVision) announced the completion of over 300 million RMB in C+ round financing, with investors including the Beijing Information Industry Development Investment Fund, the Beijing New Materials Industry Investment Fund, and Beijing Xianglong Asset Management Co., Ltd. In addition, Yingmu Technology has recently completed C3 round financing, led by Sichuan Revitalization Science and Technology Innovation Fund and followed by Jing'an Capital, City North Hi-tech, Guangzhou Industrial Investment, Sichuan Zhongshi, Meishan Zhongshi, and Dongpo State Investment.
According to incomplete statistics from Tongzhong Network, investment details are as follows (statistical period September 5 - September 11):
Hard Technology
Qianjue Technology completes A+ round financing of hundreds of millions
Recently, Qianjue Technology announced the completion of A+ round financing amounting to hundreds of millions. This round of financing was jointly participated by well-known market institutions and industrial investors including Yuanhe Houwang, Xiaoguang Capital, Chip Energy Venture Capital, Inno Angel Fund, Jingming Capital, and Future Marginal Venture Capital.
Boge Technology completes nearly 200 million financing
Recently, Suzhou Boge Technology Co., Ltd. (referred to as Boge Technology) announced the completion of nearly 200 million financing, led by the Industrial Mother Machine Industry Investment Fund (Guoqi Yuanhe), with Jiangsu Suzhou Artificial Intelligence Industry Special Fund (Su Chuangtou) and Yingfu Taike following investment.
Heli Starlink completes A2 round financing of over 500 million
Recently, Heli Starlink Technology Co., Ltd. (referred to as Heli Starlink) officially announced the completion of A2 round financing, with a total financing amount exceeding 500 million RMB, setting a record for the largest single financing in the domestic space laser communication sector; cumulative financing in 2026 has exceeded 700 million. This round of financing was jointly invested by the Xiong'an Technology Innovation Growth Equity Investment Fund, Wuhan Optical Valley Tech Innovation Industry Investment Fund, along with other institutions including Changzhou Yiling Zhi Xing, Qingdao Yuhu Inertia No. 7, Setwell Holdings Co., Ltd., Suzhou Kangrun Star Investment Co., Ltd., Jiaxing He Huangxin Cheng, Xi'an Tianhong High-end Equipment Foundation, Guangzhou Chuangxiang Yuanlight AI Venture Capital Fund, Yuehe Ruicheng (Shenzhen) Investment Partnership, and Jifu Venture Capital Co., Ltd.
Jingsheng Superconductivity completes financing of nearly 100 million
Recently, high-temperature superconducting tape company Jingsheng Superconductivity (Chengdu) Technology Co., Ltd. (referred to as Jingsheng Superconductivity) announced: since its establishment in March, the company has continuously completed seed round and angel round financing of nearly 100 million, with Qiancheng Capital and Wuyuefeng Dingfeng Kechuang participating in both rounds, along with Jiayi Capital, Puhua Capital, and Jiechuan Capital collectively participating in the angel round financing.
Sandra completes new round of nearly 200 million financing
According to Yiqi Network, autonomous unloading robot company Sandra (SENAD) announced the completion of a new round of nearly 200 million financing. The investors include Wuliangye Fund, Sino-US Venture Capital, Xingzheng Investment, and Zhechuang Technology, which is also the fourth round of financing completed by Sandra in six months.
Juliang Guangqi completes 300 million angel+ round financing
Shanghai Juliang Guangqi Computing Technology Co., Ltd. recently completed 300 million angel+ round financing, led by Guoxin Fund, followed by Fosun Chuangfu, Xingxiang Capital, Dinghe Gaoqi, Jinyu Maowu, Yunshi Capital, Junchen Da Capital, Prologis Yingshan Capital, Lanhai Capital, Ruohong Capital, and others, and old shareholder Junshan Capital exceeded its investment. Yirong Capital served as the long-term chief financial advisor. After this round, the cumulative financing for the angel round of the company currently stands at 500 million.
Guangqiao Technology completes tens of millions in angel round financing
Recently, Guangqiao Technology (Shanghai) Co., Ltd. (referred to as Guangqiao Technology) completed tens of millions in angel round financing, led by Dingfeng Kechuang, with Pudong Chuangtou following investment, and old shareholder Zhongke Chuangxing continuing to increase investment.
Zhongke Brain completes hundreds of millions in B+ round strategic financing
Recently, Hefei Zhongke Brain Intelligent Technology Co., Ltd. (referred to as Zhongke Brain) officially announced the completion of strategic financing in B+ round amounting to hundreds of millions, led by Zhongche Capital under a state-owned enterprise, with Yinxing Valley Capital, Shuimu Fund, Qidi Fund, and other institutions following investment.
Weina Core completes 1 billion C1 round financing
Recently, three-dimensional storage-computing integrated AI chip company - Hangzhou Weina Core Electronic Technology Co., Ltd. (referred to as Weina Core) completed 1 billion C1 round financing; numerous professional investment institutions and industrial investors supported this, including Advantage Capital, Yuanhao Investment, Jingu Investment, Sunshine Life, Yuanhe Puhua, Delian Capital, Kuanqiao Hengsong, Houxue Capital, and others, with many old shareholders continuing to increase their investments.
Afalon completes over 100 million RMB B round financing
Recently, Afalon announced the completion of over 100 million RMB B round financing. This round was led by old shareholder Meihua Venture Capital, with Deyang State Capital and Ningbo State Capital following investment.
Xiaoyu Intelligent Manufacturing completes new round financing of hundreds of millions
On September 8, Xiaoyu Intelligent Manufacturing officially announced that it completed hundreds of millions in B3 round financing in August, with investment from Blooming Star, Singapore Kamet Capital, and Guokeyingfeng Fund.
Yangzhou Bo Heng completes A round financing of hundreds of millions
According to 36Kr, Yangzhou Bo Heng New Energy Materials Technology Co., Ltd. (referred to as Yangzhou Bo Heng) announced the completion of hundreds of millions in A round financing, with investors including Huaying Capital, China International Capital, China Construction Investment, Beijing Financial Street Capital, Jiangsu Province Gao Investment, etc.
Feimo Yi Technology completes nearly 100 million seed round financing
On September 9, Tongzhong Network learned that the embodied intelligence startup Feimo Yi Technology (PHYMI, referred to as Feimo Yi) completed nearly 100 million seed round financing, led by IDG Capital, with Yunqi Capital, Didi Chuxing, Fosun Ruizheng, Yaotu Capital, and Hesai Technology following investment.
Zongwei Technology completes 200 million Pre-C++ round financing
Zongwei Technology announced that it has completed 200 million Pre-C++ round financing, led by Jingwei Ventures, with Shunwei Capital, Blue Lake Capital, Shengbao Capital, and other old shareholders following investment.
Sinian Intelligent Driving receives strategic financing again
In September 2026, Sinian Intelligent Driving completed a new round of strategic financing invested by Yueda Capital.
Star Key Semiconductor completes new round of over 1 billion financing
Star Key Semiconductor (Wuhan) Co., Ltd. recently announced the completion of a new round of financing exceeding 1 billion, with Ningde Times Puxuan Capital leading the investment, along with Meituan Longzhu, Guotai Hai Tong, Youshan Capital, Dinghui Hong Kong, as well as several local state capital platforms from Chongqing, Jiangsu participating, and old shareholders Hillhouse Venture Capital, Sequoia China, Jingwei Ventures, Huaye Tiancheng, Junke Danmu, Shengyu Capital, Zhongtian Huifu and Mingshi Ventures continuing to increase their investment. So far, the total financing amount of the company has exceeded 2.5 billion.
Rayyu Semiconductor completes nearly 100 million Pre-A4 round financing
Recently, Rayyu Semiconductor (Raysolve) announced it has completed nearly 100 million Pre-A4 round financing, led by CDB International Capital, with Fengtu Capital, and an industrial party following investment, with Mu Yan Capital acting as the exclusive financial advisor.
Shanghai Xingyi Xineng completes Pre-A round strategic financing
Recently, Shanghai Xingyi Xineng Technology Co., Ltd. (referred to as Shangyi) officially announced the completion of Pre-A round strategic financing, led by Junda Co., Ltd., Shanghai Future Industry Fund, Lingang Lanwan Capital, Nanxun Luyao, and relevant industry investors from New Sunshine Semiconductor, with old shareholder Zhongke Shenguang increasing investment, and IO Capital serving as the chief financial advisor for subsequent financing.
Superdimension Power completes over 500 million angel+ round series financing
Recently, Superdimension Power (Kinetix AI) completed over 500 million RMB in angel+ round series financing, with Singapore Temasek Holdings VC institution Xiangfeng Capital, Fangguang Capital, and Wanshi Capital augmenting their investments, and Huaxing Capital serving as the exclusive financial advisor.
Healthcare
Youliko Bio completes tens of millions RMB in angel round financing
Recently, Youliko (Hangzhou) Biomedical Technology Co., Ltd. (referred to as Youliko) completed tens of millions RMB in angel round financing. This round was led by Lanhua Capital, with the Riemann Hypothesis serving as the exclusive financial advisor for this round of financing.
Jiexin Medical completes tens of millions in angel+ round financing
According to Artery Network, Jiexin Medical Technology (Ningbo) Co., Ltd. (referred to as Jiexin Medical) announced the completion of tens of millions in angel+ round financing. This round was led by Chengshu Investment, with Sanjiang Capital and Qianrong Holdings following investment.
Weitu Medical completes tens of millions in Pre-A round financing
Recently, pet medical CT imaging equipment and AI diagnostic enterprise Weitu Medical announced the completion of tens of millions RMB in Pre-A round financing, with Bangqin Venture Capital as the investor, and Yunyue Capital serving as the financial advisor for this round.
Jialiang Brain Science completes C and D rounds of financing
Recently, the data-driven full-stack brain-computer interface platform company - Hangzhou Jialiang Brain Science Co., Ltd. (referred to as Jialiang Brain Science) announced the completion of financing rounds C and D consecutively, with a cumulative financing amount reaching hundreds of millions RMB. The C round of financing was led by Qiming Venture Partners, with old shareholders Yuhang Guotou and Chende Capital continuing to invest, and Tailong Investment, Puyou Xinye, Jianyuan Xizheng, Lingang Lanwan Fund, Yufu High Quality Fund, and Hehe Venture Capital following investment. The D round of financing was participated in by Saizhi Bole, Kuanqiao Hengsong, and various institutions including Ningbo State Capital.
Microlight Genetics completes over 100 million Pre-A round financing
Recently, Microlight Genetics (Lumiere Therapeutics) officially announced the successful completion of over 100 million in financing, led by Yuanhang Capital and Huafang Capital, with Yi Feng Zhuo Hua Fund, Jun Ling Investment, Guangzhou Disruptive Fund, Nanjing Innovation Investment Group, and several professional investment institutions participating.
Innova Pharma completes nearly 800 million D round financing
Innova Pharma recently announced that the company has completed nearly 800 million RMB in D round financing. This round was led by Yuan Sheng Venture Capital and followed by various funds managed by Beijing National Management including the Beijing Medical Health Industry Investment Fund, Beijing Advanced Manufacturing and Intelligent Equipment Industry Investment Fund, as well as their co-fund managers Yew Capital, Chengtong Kechuang Fund, Junhe Investment, Gao Rong Investment, Polar Light Venture Capital, Zhongqi Capital, with old shareholders Renhe Capital and Chunji Capital increasing their investment.
Internet/Enterprise Services
Memory Tensor completes Pre-A+ round financing
Recently, Memory Tensor completed Pre-A+ round financing. This round was led by Dongfang Fuhai, with Shanghai Guotou Futeng Capital following investment, and Yaohong Chuangtou and Wuxi Xingshang Capital participating.
China Science and Technology Communication Hengtong completes nearly 500 million B series financing
China Science and Technology Communication Hengtong, a provider of credible intelligent decision-making infrastructure services for critical fields, recently announced the completion of nearly 500 million B series financing, the largest single financing within the sector. This round was invested by the Southern Demao Fund under China North Industries Group, Beijing Information Industry Fund, Unicom Venture Capital, Houji Capital, Taiping Innovation Fund, Guangfa Xinde, Chip Energy Venture Capital, and other institutions, with the old shareholder Leli Capital increasing its investment for the third consecutive time.
Deep Space Matrix has completed hundreds of millions in angel round financing
On September 8, according to Tongzhong Network's exclusive information, the space AI computing constellation company Deep Space Matrix has completed hundreds of millions in angel round financing, led by Dinghui VGC and Lingge Venture Capital, with several first-tier investment institutions following suit.
Deep Smart Control completes new round B+ financing of hundreds of millions
Recently, the physical AI enterprise Deep Smart Control (DeepCtrls) completed a new round of B+ financing amounting to hundreds of millions. This round was led by Ningde Times, with Aramco Ventures, Taiping Innovation Investment, Guangfa Xinde, and Fosun Chuangfu following investment, amidst old shareholders such as Yuancode Capital and Guangyuan Capital continuing to add to their investments.
Liangliang Vision completes over 300 million C+ round financing
Recently, Liangliang Vision (LLVision) announced the completion of over 300 million in C+ round financing, with investors including the Beijing Information Industry Development Investment Fund, the Beijing New Materials Industry Investment Fund, and Beijing Xianglong Asset Management Co., Ltd.
Yingmu Technology completes nearly 1 billion C round financing
According to 36Kr, Yingmu Technology recently completed C3 round financing, led by Sichuan Revitalization Science and Technology Innovation Fund, with Jing'an Capital, City North Hi-tech, Guangzhou Industrial Investment, Sichuan Zhongshi, Meishan Zhongshi, and Dongpo State Investment following investment.
Wuwen Smart Science completes hundreds of millions in A round financing
Recently, Wuwen Smart Science completed hundreds of millions in A round financing. This round was led by Hongtai Fund, with Hongshan Capital, China Electric Digital Finance, and Lion City Capital following investment, with Bridge Capital, Lihe Finance, Lihe Zhongke, and Chengkai Lingcheng Future Fund among old shareholders exceeding their commitments.
Articuler.ai completes tens of millions in seed round financing
Articuler.ai recently announced that it completed tens of millions in seed round financing earlier this year. This round was led by Lingge Venture Capital, with Zhuo Pu Investment and Mr. Wang Chuan, co-founder of Xiaomi, family office following investment. Yunxiu Capital served as financial advisor.
Sinapis AI completes nearly 100 million first round financing
Recently, Sinapis AI completed nearly 100 million RMB in first round financing, with investment from Dingxin Capital and Nanjing Innovation Investment Group.
Jiuzhang Zhidian completes tens of millions in strategic financing
Recently, Jiuzhang Zhidian officially announced the completion of tens of millions in strategic financing. This round was led by China International Capital-owned funds, with Xinglian Capital and Jingcheng Yanbei participating in follow-up investments, with Huaxing Capital Group's Huaxing Securities serving as the exclusive financial advisor.
Zixun Technology completes Pre-IPO round financing
Recently, Zixun Technology (Fujian) Co., Ltd. (referred to as Zixun Technology) announced the completion of a new financing round. This round was led by Guotai Haitong Private Equity, with Kaifeng Fund, Fujian Provincial Government Investment Fund, and Fuzhou Jinrong Group participating in follow-up investments.
Yuedian Technology has completed tens of millions of RMB in Pre-A round financing
On September 11, according to Tongzhong Network, enterprise-grade AI company Yuedian Technology has completed tens of millions of RMB in Pre-A round financing, led by Yingfu Taike, with Shuimu Venture Capital following investment.
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