Participated · Series A · Aug 2026

SEALIEN ROBOTICS designs and sells work-class remotely operated vehicles (ROVs) and related subsea systems, including the 6,000-meter-rated Singularity work-class robot, the 3,000-meter-rated Phoenix cable-burial system and the 1,000-meter-rated Taurus heavy-duty robot. The company is also developing autonomous underwater vehicles and an AI-based decision system to coordinate multiple robots. Its commercial traction accelerated in 2025 after winning an order from a UAE telecommunications operator for a Phoenix 600 system valued at nearly US$10 million, which later expanded from one unit to three. By the end of July SEALIEN had signed several hundred million yuan in new contracts for complete deep-sea robot systems, expected to sign a similar amount soon, and reported a pipeline of about CNY 1 billion in potential contracts under negotiation. Customers now span the UK, the Netherlands, Norway, Brazil, Australia, the UAE, Egypt, Singapore, Malaysia and Indonesia. The company’s growing order book indicates a shift from trials to sales of complete machines for high-value offshore projects and an expanding overseas footprint.

Participated · Series A · Mar 2022

Founded in 2019 and based in Nanjing, Baishi Electronics focuses on third‑generation wide‑bandgap semiconductor epitaxy, producing SiC and GaN related wafers including GaN on Silicon, GaN on SiC, and SiC on SiC. Its products target power and RF/microwave applications, and the core team originates from leading Asian epitaxy suppliers. The company reports actual mass‑production experience exceeding 50,000 wafers and maintains upstream supply‑chain and downstream customer channels. Baishi has two published patent applications mainly related to buffer‑layer and superlattice technologies. The announced financing will be used primarily to expand production capacity and purchase production equipment.

Participated · Series D · Mar 2020

Rancher Labs develops open-source software that enables organizations to deploy and manage Kubernetes at scale across data centers, cloud, branch offices, and the network edge. Its flagship product, Rancher, is the industry’s most widely adopted Kubernetes management platform, with 30,000 active users and more than 100 million downloads. The company reported 169% year-on-year revenue growth in 2019 and has raised $95 million in total funding to date. The Series D proceeds will be used to accelerate product innovation—targeting heterogeneous cluster federation, fleet management, and Kubernetes at the edge—and to expand go-to-market activities. Rancher also plans to increase sales coverage, marketing, finance, operations, customer success and support, and to grow its geographic footprint beyond the 14 countries where it currently operates. It intends to leverage its leadership in Kubernetes at the edge to pursue markets including 5G, digital factories, connected cars, video surveillance, and medical research. Rancher Labs provides open-source software (Rancher) that lets organizations deploy and manage Kubernetes at scale across data centers, clouds, branch offices, and the network edge. In the first half of 2019 the company reported 161% year-on-year revenue growth and a 52% increase in customers; downloads grew 57% and surpassed 100 million, and the company cites 27,000 active users. Rancher 2.2 reached general availability, adding multi-cluster application support and Prometheus-based advanced monitoring. The company continues to invest in open-source projects including Rio, Longhorn, k3s, and k3OS, and has introduced lightweight and edge-focused offerings. Rancher expanded support to leading Kubernetes services in China, doubled international headcount, and now operates in 12 countries. Leadership says it will use additional funding to continue product innovation and drive global expansion. Rancher Labs builds a container management platform supporting both Kubernetes and Docker Swarm. The platform is cloud-agnostic and can run containers in public and private clouds as well as traditional data centers. It is multi-tenant so teams can manage their own clusters, and offers an application catalog to simplify deploying complex applications. The company says it can set up a Kubernetes cluster in about five minutes. Rancher plans to use the new funding to increase sales and marketing capabilities and to keep pace with product demand. The recent $20 million Series B brings the company’s total funding to $30 million. Rancher Labs develops open-source infrastructure software designed to help organizations run Docker containers in production across any cloud. Its stack focuses on container-specific networking, load balancing, monitoring and storage. The company is preparing to launch its flagship Rancher product and is building storage and networking software purpose-built for containers. Rancher plans to use new funding to further product development and expand its engineering and development teams. The team includes founders and leaders from Cloud.com, and the company highlights its roots in that acquired business. The company is headquartered in Cupertino, Calif.

Led · Series C · Apr 2015

Cnano Technology manufactures multi-wall carbon nanotube (MWCNT) products used in lithium-ion batteries and components for the structural and electronics markets. The company operates production lines in Zhenjiang, Jiangsu and maintains an R&D centre in Beijing. Led by President and CEO Dr. Tao Zheng, Cnano develops and supplies MWCNT materials to energy storage and other industrial customers. Cnano completed a $15M Series C financing and said it will use the funds to expand its carbon nanotubes manufacturing operation in Zhenjiang. The proceeds are intended to scale production capacity to meet demand in energy storage and related markets. The financing was reported on April 20, 2015.