• HPC-AI Technology

  Participated · Series A · Sep 2024

  HPC-AI Tech builds AI software infrastructure and video-generation tools, including the open-source projects Colossal-AI and Open-Sora. Colossal-AI enables enterprises to scale large AI workloads like GPT and LLaMA, while Open-Sora focuses on efficient, accessible video generation. The company operates two commercial platforms: hpc-ai.com for model training, fine-tuning, and deployment, and video-ocean.com for producing short-form to full-length videos. Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech serves a roster of 50 key clients including four Fortune 500 companies and firms such as AWS, Alibaba, IBM, Intel, and Oracle. The company recently raised $50M in a Series A and intends to use the proceeds to accelerate platform development and grow its client base to 300 within three years. HPC-AI Tech develops Colossal-AI, an integrated large-scale model training system that applies efficient parallelization techniques to accelerate distributed multi-GPU model training. The system is designed to promote deployment of large AI models and deliver lower-cost AI solutions for enterprises. Colossal-AI has established cooperation with manufacturers and open-source communities across autonomous driving, cloud computing, biotech, chip design, and smart retail. The company plans to use the financing to recruit talent and expand its business reach. HPC-AI Tech was founded in Beijing in 2021 and has established an overseas R&D center in Singapore. The firm is focused on serving the enterprise AI market.

• Yundao Zhizao

  Led · Series C · Mar 2024

  云道智造 is a Beijing-based industrial internet and CAE software company developing multiphysics simulation platforms and tools. Its self-developed general-purpose multiphysics simulation PaaS, Futu, has made key thermodynamics engine progress and its electronic-thermal software is in scaled commercial use at domestic electronics and chip leaders. The company also positions Simdroid as a core platform and aggregates university and industry experts plus value-chain partners to offer industrial internet solutions for parks and manufacturers. It is a national high-tech enterprise focused on democratizing simulation technology and driving localization of simulation software. Cloud道智造 plans to increase R&D investment to further polish core solvers in solid mechanics, fluid mechanics, and electromagnetics, and to accelerate product development and commercialization of advanced packaging multiphysics modules for chips. The company intends to use funding to strengthen its product roadmap and ecosystem construction.

• Qupital

  Led · Series B · Nov 2021

  Qupital provides financing to e-commerce sellers by harnessing sales data to streamline credit underwriting for merchants on platforms such as Amazon, eBay, Lazada and Shopee. The platform targets creditworthy merchants who are traditionally underserved and packages receivables as an alternative asset class for professional and institutional investors. As of October 2021 Qupital had advanced over US$500 million in loans to roughly 7,000 merchants and tracked an annualized gross merchandise value (GMV) of over US$3 billion. The company plans to scale its cross-border lending business, build a B2B “buy now, pay later” marketplace, and expand its footprint across mainland China as well as Southeast Asia, North America and Europe. Qupital intends to invest in R&D—specifically AI, big-data technology and MLOps—and expects to triple the size of its team by 2022 to support expansion. The firm currently concentrates operations around Guangzhou and Shenzhen and emphasizes Hong Kong and the Greater Bay Area as strategic hubs for growth. Qupital operates a platform that provides invoice-backed lending and supply-chain financing for small and medium-sized enterprises, matching loans that cover most of an invoice's value with investors and funders. The company charges SMEs a fixed-percentage service fee and a discount fee, and takes a percentage of net gains made by investors. Qupital has processed 8,000 trades totaling HKD 2 billion in value and says it has served hundreds of SMEs. It plans to expand its supply-chain financing products and launch operations in mainland Chinese cities, including Shanghai, Hangzhou, Guangzhou and Shenzhen. Qupital will set up a new technology center in the Guangdong‑Hong Kong‑Macau Greater Bay Area and hire roughly 100 people for its Hong Kong office this year to bolster tech development and risk management. The company uses alternative data sources to assess creditworthiness and targets SMEs underserved by traditional lenders. Qupital operates a marketplace that lets SMEs take loans against unpaid invoices while matching those loan needs with investors/funders. The platform went online in August 2016 and to date has processed 80 trades with a total value of over $2 million. It earns fees from borrowers of 0.25–0.75% of invoice value and takes 20% of net gains made by investors; investors can expect roughly 1% per month (about 12% annualized). The company aims to reach break-even within the next 18 months by scaling its customer base. Founders are mid-20s entrepreneurs Andy Chan (25) and Winston Wong (26). Qupital is considering new products such as purchase order financing and automated investor contributions, and may expand to export-oriented markets like Vietnam, Taiwan or Thailand after a Series A.

• PuduTech

  Led · Series C · Sep 2021

  Pudu Robotics develops and commercializes commercial service robots, including catering delivery robots as well as smart cleaning and disinfection robots. The company highlights in-house hardware development of components such as laser radar, active cameras, motors and motion controllers, and software capabilities including VSLAM+. It has expanded its global product line and announced a strategic partnership with KONE to develop smart building services. Pudu says it intends to accelerate R&D, establish comprehensive technological advantages, and create an open ecosystem using proceeds from its latest financing. The company reports shipping over 56,000 units as of December 2022, with deployments across North America, Europe, East Asia, Asia-Pacific, the Middle East and Latin America, in more than 60 countries and 600+ cities. Founded in 2016 and headquartered in Shenzhen, Pudu is continuing to ramp up international presence and broaden its product offerings. Pudo Robotics is a Shenzhen, China–based commercial service robotics manufacturer focused on the R&D, design, production and sales of commercial service robots. Its product lineup includes indoor delivery robots (PuduBot, PuduBot 2, BellaBot, KettyBot, HolaBot and SwiftBot), the in-building delivery robot FlashBot, cleaning robots PUDU CC1 and PUDU SH1, and the disinfection robot Puductor 2. As an R&D-driven company it independently researches and produces four core components: motors, single-line LiDARs, RGB depth-sensing cameras, and computing platforms & motion controllers. Led by founder and CEO Felix Zhang, the company has established a presence in some 600 cities across more than 60 countries and regions. Pudo Robotics completed a Series C3 financing of over $15M and plans to use the proceeds to build a new production base to expand production capacity and to develop products for commercial cleaning scenarios. The Series C3 round was led by Puhua Capital. Pudu Robotics develops and sells a range of commercial service robots, including PuduBot, BellaBot, HolaBot, Puductor 2, KettyBot and FlashBot. The company focuses on R&D, product design, production and global sales to improve efficiency in human production and living. Its robots are deployed across restaurants, hotels, supermarkets, government offices, airports, high-speed train stations and hospitals. Pudu has achieved cumulative sales of several tens of thousands of units and has a footprint covering more than 60 countries and regions. The company plans to use new funding to accelerate R&D, develop new products, open new sites and expand its global network. Pudu was founded in 2016 by Felix Zhang in Shenzen. Pudu Robotics describes itself as a “smart delivery robotics” company with a product lineup focused on the food services category. Its portfolio includes multiple indoor robot SKUs for food delivery and dish return, designed for scenarios under the same roof such as hotels, restaurants and office buildings rather than last-mile delivery apps. During the COVID-19 pandemic the company deployed “hundreds” of units to hospitals in South Korea and China and reports deployments in 200 cities across 20 countries. Financially, Pudu has completed a Series B in excess of $15 million. CEO Zhang Tao has emphasized that nonhuman physical contact improves safety and that automation saves human effort, positioning the company within public-health and automation trends accelerated by the pandemic.

• ConsenSys

  Participated · Equity · Apr 2021

  ConsenSys develops core Ethereum infrastructure and consumer products, most notably the MetaMask wallet and the Infura developer platform, alongside Truffle, PegaSys and Codefi. Its products serve both developers and end users across the Ethereum ecosystem; MetaMask has over 30 million monthly active users and Infura reports 430,000 developers, with its API supporting over $1 trillion in annualized on‑chain ETH transaction volume. The company reported “nine figures” in revenue in 2021. ConsenSys plans to use new funding to grow its team from about 700 to roughly 1,000 by year‑end and to expand product capabilities, including a plug‑in extensibility system to integrate other protocols and pursue multi‑chain scalability. The firm completed a 2020 reorganization that moved assets from ConsenSys Mesh into ConsenSys Software Inc. and was founded in 2014. That asset transfer is the subject of shareholder allegations alleging improper shifts of assets and a group is pushing for an independent audit in Switzerland; ConsenSys Mesh says it expects any audit to confirm fair market value. ConsenSys builds Web3 infrastructure and developer tools, anchored by MetaMask (a self-custodial wallet) and Infura (developer node and API services). MetaMask serves approximately 21 million monthly active users who interact with roughly 3,700 unique Web3 applications, and its in-app swap feature has enabled more than $10 billion in token swaps. Infura is used by about 350,000 developers, and ConsenSys integrates other products (Truffle, Diligence, Customer Success) to support the full development lifecycle. The company supports many Ethereum-compatible Layer 2 networks, and MetaMask Institutional offers custody and compliance solutions for organizations accessing DeFi. ConsenSys Quorum Blockchain Service is used in 10 central bank digital currency projects worldwide. The firm says funding will expand MetaMask and Infura and add 400 new roles across products and services. ConsenSys’ engineering teams are also contributing to Ethereum’s upcoming merge to Proof of Stake. ConsenSys develops a suite of Ethereum products and developer tools including Codefi, Diligence, Infura, MetaMask, Truffle and Quorum. The company serves public and private permissioned networks, supports Layer 2 solutions and provides access to adjacent protocols such as IPFS and Filecoin. It restructured into two arms — ConsenSys (the core software business) and ConsenSys Mesh (the investment arm and incubator) — and acquired J.P. Morgan’s Quorum to deepen its enterprise offering. ConsenSys is a major contributor to Ethereum 2.0 and its Protocols group is building CBDCs for six central banks. Product usage metrics cited in the articles include MetaMask with more than 3 million monthly active users (a roughly 3x increase in five to six months), $1.8 billion in decentralized exchange swap volume (ConsenSys takes a 0.875% cut on swaps), Infura with over 150,000 developer users, and Truffle used by 4.5 million developers. ConsenSys develops blockchain solutions built on the Ethereum blockchain for a range of users, from local communities to global enterprises. The company provides enterprise and community-facing blockchain tools and services. The article reports a $10 million investment from SK Group. ConsenSys' technology focus and partnerships position it to support mobile identity and other enterprise blockchain use cases. No operating metrics (revenue or user counts) are provided in the article.

No current team members are available.