📡 Entrepreneurship & Investment News | August 03
Today’s financing market is active. In the primary market, multiple large rounds of funding have emerged, spanning hard-tech sectors such as AI, new energy, and robotics. The M&A market also saw several major deals, including in the pharma, technology, and energy industries.
🚀 Primary Market Financing
1. K2 Space completed a $500 million Series D round at a $6.8 billion valuation, to expand the production of large, high-power satellites.
2. DataBahn completed a $40 million Series B round, led by Insight Partners; total funding reached $59 million.
3. Cantina raised $8 million, led by Framework Ventures, and launched a proxy-style security platform.
4. Lydian completed a $43 million Series A round, led by Breakthrough Energy Ventures, to roll out PIVOT, a modular production platform designed to reduce the cost of synthetic aviation fuel.
5. Gravie received funding in a new round led by General Atlantic; total capital raised is $463 million.
6. West Lake Xinchen completed a multi-hundred-million yuan B+ round, led by Guangfa Xinde; funds will be used to advance language model R&D and overseas expansion.
7. Fangshi Robotics completed a tens-of-millions yuan A+ round, with investors including Jinan Quehua Kechuangtou; funds will be used for the construction of a new manufacturing base and capacity expansion.
8. Yiwite Aviation completed a multi-hundred-million yuan A+ round, with investments from Shangcheng Capital, PwC Capital, and others.
9. Initiative Technology completed a RMB 330 million angel round financing. It set a record for the largest angel round in China’s brain-computer interface sector. Funds will be used to推进 the clinical transformation and industrialization of invasive brain-computer interface products.
10. Wuke Superconductors received tens of millions of RMB in an angel round, focusing on R&D and industrialization of next-generation high-temperature superconducting tapes.
11. Freehand raised $75 million to cover enterprise supply-chain spend management for AI agents.
12. CuspAI completed a $450 million Series B round at a $2.6 billion valuation. Led by Kleiner Perkins and NEA, with an additional investment from a Bezos-linked fund, for AI-driven new materials R&D.
13. Daoda Intelligent secured Series B funding. Investors include Lizhong Capital, Nanjing Jiaokong, Zhidao Capital, and others. Funds will be used for the R&D and rollout of intelligent manufacturing software and hardware solutions.
14. Guangdong Sifang Weikai obtained an A-round financing, led by Qizhi Capital.
15. BIBO Semiconductor completed an A+ round.
16. Qiu Zhi Technology completed a $100 million angel+ round financing, with participation from IDG, Xinglian, Wuyuefeng, Dachen, and others.
17. Gankuang Optoelectronics completed over RMB 100 million D1 round financing, led by Jinxin Capital, with follow-on investments from Sequoia China and others. Funds will be used for commercial delivery of ground-based solar power plants and validation of space solar applications.
18. Canchen Technology completed tens of millions of angel-series financing to accelerate the deployment of an AI virtual organ simulation platform.
19. PoKe Robotics completed nearly a $100 million A-round financing, jointly led by Shunwei Capital and 经纬创投.
20. UCare Health secured a tens-of-millions RMB B+ round, invested by Kangyu Capital, to further expand its full-process health insurance-based medical network services.
21. TradeXYZ raised $200 million at a $1.5 billion valuation; investors show strong interest in its crypto trading platform.
22. Olix raised $312 million, with valuation rising to $3.3 billion. Investors include Arm, with the intent to challenge NVIDIA.
23. Marpai received a $12 million private placement financing, led by Mitchell Companies, to accelerate the development of health technology.
24. Beta Fusion completed consecutive funding rounds totaling several hundred million yuan across seed and seed+; funds will be used for fusion device R&D, aiming to build a commercial fusion demonstration reactor in the future.
25. Smallest.ai completed a $13 million Series A round, led by Seligman Ventures, to expand its enterprise-grade speech AI platform and real-time conversation infrastructure.
26. Lanying Xingtong completed tens of millions yuan in equity financing, exclusively invested by Baiyun JinKong, to deepen its low-orbit satellite IoT track.
27. FormX raised a $12.5 million seed round, led by Grove Ventures, to expand its AI-native residential building workflow software platform.
28. Balance Theory completed a $19 million Series A round, led by SYN Ventures, and appointed senior cybersecurity expert Dan Burns as Executive Chairman.
29. Perceptron secured a $6.5 million strategic financing to launch a decentralized AI data exploration platform and expand the infrastructure for contributor rewards.
30. Liangyin Technology completed tens of millions of RMB in an angel round financing. Led by the Zhuhai Science & Technology Industry Group, funds will be used to expand the team, iterate on tapeout, and replenish equipment. It focuses on silicon photonic transmission chips and photonic interconnect solutions.
31. Ash Games completed a $1.5 million seed round, led by Merak Capital and Impact46, to expand game development and its international market presence.
32. Guangqing Technology completed an A1 round worth nearly RMB 1 billion, with valuation landing in the “unicorn” tier of over RMB 10 billion; funds will be used for chip R&D and mass production.
33. YuYusheng Biology completed a RMB 100 million A+ round, with exclusive investment from Guangdong Salt Industry Group, to build a standardized smart manufacturing base for microalgae-derived active extracellular vesicles and to develop sustainable protein R&D.
34. Simplify-Tech received tens of millions of RMB in strategic investment, with investors including Ant Group’s Shanghai YunYue and Orient Guoxin, among others.
35. Hanfa Changkong completed nearly RMB 100 million Pre-A round financing.
36. Maichuangfeng secured a tens of millions Hong Kong dollar angel round financing; with Qimingfeng and Zhongke Chuangxing jointly leading the round. The company focuses on R&D and manufacturing of carbon nanotube-based new lithium battery current collectors.
…
Today’s financing market is active. In the primary market, multiple large rounds of funding have emerged, spanning hard-tech sectors such as AI, new energy, and robotics. The M&A market also saw several major deals, including in the pharma, technology, and energy industries.
🚀 Primary Market Financing
1. K2 Space completed a $500 million Series D round at a $6.8 billion valuation, to expand the production of large, high-power satellites.
2. DataBahn completed a $40 million Series B round, led by Insight Partners; total funding reached $59 million.
3. Cantina raised $8 million, led by Framework Ventures, and launched a proxy-style security platform.
4. Lydian completed a $43 million Series A round, led by Breakthrough Energy Ventures, to roll out PIVOT, a modular production platform designed to reduce the cost of synthetic aviation fuel.
5. Gravie received funding in a new round led by General Atlantic; total capital raised is $463 million.
6. West Lake Xinchen completed a multi-hundred-million yuan B+ round, led by Guangfa Xinde; funds will be used to advance language model R&D and overseas expansion.
7. Fangshi Robotics completed a tens-of-millions yuan A+ round, with investors including Jinan Quehua Kechuangtou; funds will be used for the construction of a new manufacturing base and capacity expansion.
8. Yiwite Aviation completed a multi-hundred-million yuan A+ round, with investments from Shangcheng Capital, PwC Capital, and others.
9. Initiative Technology completed a RMB 330 million angel round financing. It set a record for the largest angel round in China’s brain-computer interface sector. Funds will be used to推进 the clinical transformation and industrialization of invasive brain-computer interface products.
10. Wuke Superconductors received tens of millions of RMB in an angel round, focusing on R&D and industrialization of next-generation high-temperature superconducting tapes.
11. Freehand raised $75 million to cover enterprise supply-chain spend management for AI agents.
12. CuspAI completed a $450 million Series B round at a $2.6 billion valuation. Led by Kleiner Perkins and NEA, with an additional investment from a Bezos-linked fund, for AI-driven new materials R&D.
13. Daoda Intelligent secured Series B funding. Investors include Lizhong Capital, Nanjing Jiaokong, Zhidao Capital, and others. Funds will be used for the R&D and rollout of intelligent manufacturing software and hardware solutions.
14. Guangdong Sifang Weikai obtained an A-round financing, led by Qizhi Capital.
15. BIBO Semiconductor completed an A+ round.
16. Qiu Zhi Technology completed a $100 million angel+ round financing, with participation from IDG, Xinglian, Wuyuefeng, Dachen, and others.
17. Gankuang Optoelectronics completed over RMB 100 million D1 round financing, led by Jinxin Capital, with follow-on investments from Sequoia China and others. Funds will be used for commercial delivery of ground-based solar power plants and validation of space solar applications.
18. Canchen Technology completed tens of millions of angel-series financing to accelerate the deployment of an AI virtual organ simulation platform.
19. PoKe Robotics completed nearly a $100 million A-round financing, jointly led by Shunwei Capital and 经纬创投.
20. UCare Health secured a tens-of-millions RMB B+ round, invested by Kangyu Capital, to further expand its full-process health insurance-based medical network services.
21. TradeXYZ raised $200 million at a $1.5 billion valuation; investors show strong interest in its crypto trading platform.
22. Olix raised $312 million, with valuation rising to $3.3 billion. Investors include Arm, with the intent to challenge NVIDIA.
23. Marpai received a $12 million private placement financing, led by Mitchell Companies, to accelerate the development of health technology.
24. Beta Fusion completed consecutive funding rounds totaling several hundred million yuan across seed and seed+; funds will be used for fusion device R&D, aiming to build a commercial fusion demonstration reactor in the future.
25. Smallest.ai completed a $13 million Series A round, led by Seligman Ventures, to expand its enterprise-grade speech AI platform and real-time conversation infrastructure.
26. Lanying Xingtong completed tens of millions yuan in equity financing, exclusively invested by Baiyun JinKong, to deepen its low-orbit satellite IoT track.
27. FormX raised a $12.5 million seed round, led by Grove Ventures, to expand its AI-native residential building workflow software platform.
28. Balance Theory completed a $19 million Series A round, led by SYN Ventures, and appointed senior cybersecurity expert Dan Burns as Executive Chairman.
29. Perceptron secured a $6.5 million strategic financing to launch a decentralized AI data exploration platform and expand the infrastructure for contributor rewards.
30. Liangyin Technology completed tens of millions of RMB in an angel round financing. Led by the Zhuhai Science & Technology Industry Group, funds will be used to expand the team, iterate on tapeout, and replenish equipment. It focuses on silicon photonic transmission chips and photonic interconnect solutions.
31. Ash Games completed a $1.5 million seed round, led by Merak Capital and Impact46, to expand game development and its international market presence.
32. Guangqing Technology completed an A1 round worth nearly RMB 1 billion, with valuation landing in the “unicorn” tier of over RMB 10 billion; funds will be used for chip R&D and mass production.
33. YuYusheng Biology completed a RMB 100 million A+ round, with exclusive investment from Guangdong Salt Industry Group, to build a standardized smart manufacturing base for microalgae-derived active extracellular vesicles and to develop sustainable protein R&D.
34. Simplify-Tech received tens of millions of RMB in strategic investment, with investors including Ant Group’s Shanghai YunYue and Orient Guoxin, among others.
35. Hanfa Changkong completed nearly RMB 100 million Pre-A round financing.
36. Maichuangfeng secured a tens of millions Hong Kong dollar angel round financing; with Qimingfeng and Zhongke Chuangxing jointly leading the round. The company focuses on R&D and manufacturing of carbon nanotube-based new lithium battery current collectors.
…