Keytone Ventures

Keytone Ventures is a venture capital firm based in Beijing, China, founded in 2008. The firm focuses on making minority investments in seed-stage, early-stage, and later-stage companies primarily in the semiconductors, software, manufacturing, cleantech, and technology, media, and telecommunications sectors. Keytone Ventures emerged from the acquisition of a portfolio of investments from Kleiner Perkins Caufield & Byers, and its investment team includes seasoned professionals with extensive experience in the venture capital landscape, including former partners from leading firms. The firm's mission is to support innovative companies in China, leveraging its expertise and network to drive growth and development in a competitive market.

Joe Zhou Zhi Xiong

Founder and Managing Partner

40 past transactions

Mirxes

Series C in 2022
Mirxes is a biotechnology company that discovers, develops, and delivers accurate preventive healthcare solutions for cancer, cardiovascular, metabolic and infectious diseases. The company's mission is to make diagnostic solutions for the early detection of diseases accessible on a global scale. It develops and commercializes accurate and non-invasive blood-based miRNA test kit products for the early detection of cancer and other diseases.

Mirxes

Series C in 2021
Mirxes is a biotechnology company that discovers, develops, and delivers accurate preventive healthcare solutions for cancer, cardiovascular, metabolic and infectious diseases. The company's mission is to make diagnostic solutions for the early detection of diseases accessible on a global scale. It develops and commercializes accurate and non-invasive blood-based miRNA test kit products for the early detection of cancer and other diseases.

PyrAmes

Series A in 2021
PyrAmes is a healthcare technology company that has created an innovative, paper-thin, flexible device for non-invasive blood pressure monitoring. This ultra low-power device is designed to deliver continuous and accurate blood pressure measurements wirelessly, making it suitable for patients of all ages, from newborns to seniors. PyrAmes aims to transform healthcare delivery by providing a platform that enables healthcare providers to conduct pain-free blood pressure monitoring, particularly benefiting vulnerable populations such as neonates.

Moffett AI

Seed Round in 2021
Moffett AI is an advanced AI chip designer focused on creating next-generation AI computation platforms. The company specializes in developing high-power AI chips optimized for sparse neural networks, enabling enhanced performance in deep learning applications. Moffett AI's innovative platform combines cloud-based system-on-chip (SoC) solutions with public cloud software-as-a-service (SaaS) offerings, providing users with a comprehensive and energy-efficient AI computing environment. By pioneering deep learning algorithms and advanced computation technologies, Moffett AI aims to deliver powerful and fast solutions that significantly reduce power consumption, setting new standards in the field of artificial intelligence.

Moffett AI

Seed Round in 2021
Moffett AI is an advanced AI chip designer focused on creating next-generation AI computation platforms. The company specializes in developing high-power AI chips optimized for sparse neural networks, enabling enhanced performance in deep learning applications. Moffett AI's innovative platform combines cloud-based system-on-chip (SoC) solutions with public cloud software-as-a-service (SaaS) offerings, providing users with a comprehensive and energy-efficient AI computing environment. By pioneering deep learning algorithms and advanced computation technologies, Moffett AI aims to deliver powerful and fast solutions that significantly reduce power consumption, setting new standards in the field of artificial intelligence.

BD Gene Therapeutics

Angel Round in 2020
BD Gene Therapeutics is a biotechnology company focused on developing gene therapy drugs to address genetic diseases, particularly eye conditions. The company employs a gene-editing platform that utilizes mRNA delivery technology and fourth-generation lentiviral vectors, facilitating the safe and efficient delivery of gene-editing tools like CRISPR. BD Gene Therapeutics is dedicated to discovering innovative treatments for conditions such as diabetic macular degeneration, age-related macular degeneration, and herpes simplex keratitis. In addition to its gene therapy initiatives, the company has also developed antiviral eyedrops and explores applications in tumor immunity and regenerative medicine.

Moffett AI

Angel Round in 2020
Moffett AI is an advanced AI chip designer focused on creating next-generation AI computation platforms. The company specializes in developing high-power AI chips optimized for sparse neural networks, enabling enhanced performance in deep learning applications. Moffett AI's innovative platform combines cloud-based system-on-chip (SoC) solutions with public cloud software-as-a-service (SaaS) offerings, providing users with a comprehensive and energy-efficient AI computing environment. By pioneering deep learning algorithms and advanced computation technologies, Moffett AI aims to deliver powerful and fast solutions that significantly reduce power consumption, setting new standards in the field of artificial intelligence.

Sensingtech

Series B in 2018
Beijing Sensing Technology, a hi-tech innovative company dedicating to artificial intelligence, integrates development, production and sale in business. Always striving to make a breakthrough in face recognition technology, the Company aims to build customized industry solutions of artificial intelligence and mega data analysis. Supported by academic resources of Tsinghua University and Beihang University and with talent and technology as the core, deep learning based face recognition technology leads the industry and can be taken advantage of to develop intelligent and comprehensive solutions in intelligent security and safety, intelligent finance, intelligent building, intelligent transportation, intelligent medicine and intelligent community, in order to offer competitive artificial intelligent solutions and services for customers.

Motovis

Series A in 2017
Motovis specializes in the development of advanced driver-assistance systems (ADAS) that enhance vehicle autonomy through the integration of artificial intelligence and computer vision technologies. The company unites leading experts in artificial intelligence with extensive industrial engineering experience in the automotive sector. By leveraging cutting-edge deep learning algorithms, Motovis creates high-performance AI engines that enable vehicles to accurately perceive and reconstruct their surroundings, as well as precisely localize objects. Committed to bridging the gap between traditional automotive technologies and artificial intelligence, Motovis is at the forefront of launching automotive-grade embedded vision ADAS systems. The company's technical expertise positions it as a leader in the field of autonomous driving and advanced AI applications in the automotive industry.

Vega Game

Series A in 2017
Vega Game is an entertaining mobile game development company. They focused on developing high-quality, innovative mobile games for the wireless interactive entertainment industry in China. The company obtained strategic investment from Zulong Entertainment.

Wanhu Health

Venture Round in 2017
Wanhu Health is focused on disease prevention and critical illness insurance, offering services that include risk portrait assessments and supplementary protection for serious illnesses. The company aims to address the financial burden associated with catastrophic family health issues by promoting early screening and treatment of severe diseases. Additionally, Wanhu Health has developed a pharmacy benefit management technology that enhances healthcare accessibility. This technology integrates resources from insurance institutions, pharmaceutical companies, hospitals, and pharmacies to deliver personalized health monitoring and improve medical cost management, thereby empowering patients to better manage their healthcare expenses.

CloudMinds

Series A in 2017
CloudMinds Technology Inc. is a company based in Irvine, California, specializing in the development and operation of cloud robotic solutions. Founded in 2015, it offers a range of services, including mobile-intranet cloud services that provide secure mobility solutions for enterprise clients. Its offerings encompass cloud artificial intelligence solutions, which integrate human augmented robotics intelligence and various cloud robot services. One of its notable products is the XR-1 Robot, a commercial humanoid service robot equipped with Smart Compliant Actuator technology for precise and compliant grasping. This robot connects to the company's AI Cloud Brain platform, enabling enhanced robotic intelligence through a secure network over 4G and 5G. CloudMinds operates as a subsidiary of CloudMinds Technologies Co., Ltd., positioning itself at the forefront of innovation in the robotics and artificial intelligence sectors.

Nexenta Systems

Series G in 2016
Nexenta Systems, Inc. is a leading provider of software-defined storage solutions, specializing in open-source-driven technology. Founded in 2005 and headquartered in San Jose, California, the company offers a range of products designed to optimize storage infrastructure for enterprise applications. Its flagship platform, NexentaStor, delivers both file and block storage services, while NexentaCloud enhances virtual desktop infrastructure deployments. The NexentaEdge object storage platform allows users to access data without needing to know its physical location. Additionally, NexentaFusion provides analytics and orchestration software for managing complex compute systems and data stores. Nexenta's solutions are designed to support various applications, clouds, and hardware platforms, enabling organizations to avoid vendor lock-in and adopt flexible, scalable storage strategies. The company has established strategic partnerships with numerous technology leaders and serves a diverse global customer base. As of May 2019, Nexenta operates as a subsidiary of DataDirect Networks, Inc.

CloudMinds

Seed Round in 2016
CloudMinds Technology Inc. is a company based in Irvine, California, specializing in the development and operation of cloud robotic solutions. Founded in 2015, it offers a range of services, including mobile-intranet cloud services that provide secure mobility solutions for enterprise clients. Its offerings encompass cloud artificial intelligence solutions, which integrate human augmented robotics intelligence and various cloud robot services. One of its notable products is the XR-1 Robot, a commercial humanoid service robot equipped with Smart Compliant Actuator technology for precise and compliant grasping. This robot connects to the company's AI Cloud Brain platform, enabling enhanced robotic intelligence through a secure network over 4G and 5G. CloudMinds operates as a subsidiary of CloudMinds Technologies Co., Ltd., positioning itself at the forefront of innovation in the robotics and artificial intelligence sectors.

Sea

Series D in 2016
Sea is a consumer internet company focused on enhancing the lives of consumers and small businesses in Southeast Asia through technology. Its primary businesses include Shopee, Garena, and SeaMoney. Shopee, the largest e-commerce platform in the region by gross merchandise value and transaction volume, operates as a hybrid C2C and B2C marketplace across eight key markets, with Indonesia being the largest contributor. Originally founded as a gaming company, Garena has evolved significantly, with its game Free Fire becoming the most downloaded game in early 2022 and a major revenue driver. SeaMoney complements these ventures by offering financial services, including lending, which is expected to grow in significance within the company’s portfolio. Through these diverse business lines, Sea aims to capitalize on the burgeoning digital economy in Southeast Asia.

SHARKPARK.CN

Series A in 2016
SHARKPARK.CN provides hands-on science products and interesting subjects on offline campuses and online networks for situational learning. It is an education and development research center. For inquiries, email, telephone numbers, and physical addresses are available on their website.

Kuyun

Venture Round in 2016
Kuyun provides digital marketing services for customers in various fields, including entertainment and more. They provide decision-making services that assist businesses in reducing costs while also enhancing marketing efficiency and effectiveness.

Shunfeng International Clean Energy

Venture Round in 2015
Shunfeng International Clean Energy is to create a low-carbon environment.

InnoSpark

Series B in 2015
InnoSpark: Where the best innovations begin! We are a group of innovative and passionate people with a high level of expertise. Our goal is to develop and publish awesome games for global users.

SINOWEL

Series C in 2015
SINOWEL is a financial product marketing and service platform. They provide services for financial enterprises. Their customers' inquiries are addressed through phone, email, and online applications.

Chemayi

Series A in 2015
Chemayi is a Chinese localized auto life service platform that focuses on providing customized auto services to car owners. As one of the earliest platforms of its kind in China, it offers an online interactive space where users can address various car service needs, including maintenance, repair, and aesthetic enhancements. Chemayi connects car owners with service providers, facilitating the matching of specific service demands with appropriate solutions. The platform allows users to conveniently order services such as tire replacement and waxing, making it a significant player in the e-commerce sector of the automobile market. Its emphasis on personalized service addresses the diverse needs of car owners, establishing it as a popular and influential platform in the industry.

SHARKPARK.CN

Angel Round in 2014
SHARKPARK.CN provides hands-on science products and interesting subjects on offline campuses and online networks for situational learning. It is an education and development research center. For inquiries, email, telephone numbers, and physical addresses are available on their website.

MCube

Series C in 2014
mCube, Inc. is a technology company specializing in the development of MEMS motion sensors and associated software solutions. Founded in 2009 and headquartered in San Jose, California, it operates additional locations in Taiwan and China. mCube produces a range of sensor components, modules, and wearable systems designed to measure and analyze motion and context, contributing to the Internet of Moving Things. Its products cater to diverse applications, including wearables, hearables, medical devices, smartphones, tablets, 3D character animation, and human motion measurement. The company markets its offerings both online and through a network of sales offices and distributors, serving customers globally. As a leader in its field, mCube aims to integrate its miniature motion sensors into a wide array of devices, enhancing consumer interaction with technology.

Sea

Venture Round in 2014
Sea is a consumer internet company focused on enhancing the lives of consumers and small businesses in Southeast Asia through technology. Its primary businesses include Shopee, Garena, and SeaMoney. Shopee, the largest e-commerce platform in the region by gross merchandise value and transaction volume, operates as a hybrid C2C and B2C marketplace across eight key markets, with Indonesia being the largest contributor. Originally founded as a gaming company, Garena has evolved significantly, with its game Free Fire becoming the most downloaded game in early 2022 and a major revenue driver. SeaMoney complements these ventures by offering financial services, including lending, which is expected to grow in significance within the company’s portfolio. Through these diverse business lines, Sea aims to capitalize on the burgeoning digital economy in Southeast Asia.

ChinaPNR

Venture Round in 2013
ChinaPNR (汇付天下) is a financial payment company focused on payment services such as online, POS, and mobile payment. It is also focused on offering customized integrated payment solutions to its clients. “Money Manager” is a product of ChinaPNR in relation to the industrial payment area. It is focused on promoting e-commerce in the traditional distribution industry. In relation to the fund and financial industry, ChinaPNR launched a one-stop financial platform known as Tiantianying, which has nearly 2 million registered users till now. ChinaPNR has established strategic relationships with 48 fund firms, 33 banks and assists clients in purchasing fund products from many fund firms with a certain bank card. It has experienced a rapid growth since its establishment and its payment transaction volume exceeded 600 billion yuan in 2012. ChinaPNR ranked third in the third party payment industry and first in financial payment area in that year.

LP Amina

Series C in 2013
LP Amina, Inc. is an environmental engineering company based in Charlotte, North Carolina, founded in 2007. The company specializes in addressing environmental challenges associated with coal-fired power generation, chemical production, and other industrial applications. LP Amina offers a diverse range of solutions for power plants, including advanced combustion engineering services, repowering options, and consulting services. The firm is known for its portfolio of over 50 patented products that enhance the efficiency and emissions of coal-fired boilers, such as Rotating Vane Wheels and High-Performance Classifiers. With a focus on continuous improvement and leveraging expertise from global coal usage, LP Amina is positioned to develop innovative products that meet the evolving demands of the power industry. The company's commitment to research and development spans multiple regions, including the United States, Europe, and Asia, enabling it to respond effectively to increasing environmental regulations and market dynamics.

Gu360.com

Series B in 2013
Gu360 is a stock analysis and prediction platform. With the help of network information and viewpoint analysis technology services, it covers industries such as stocks, foreign exchange, futures, and funds in its stock list. To improve stock tracking and foster social interaction, investors can subscribe to self-selected stock information on the stock radar, including dynamic information like news, research reports, Weibo, stock bars, expert trading, analysis, and comments. Gu360 incorporates the stock market sentiment analysis technology that is the company's main technological offering.

Beijing Redbaby Internet Technology

Series E in 2012
Beijing Redbaby Internet Technology is an e-commerce platform that specializes in maternal and child supplies, serving consumers throughout China. Founded in March 2004, Redbaby offers a diverse range of products, including baby food, healthcare items, diapers, feeding supplies, toys, clothing, toiletries, and cosmetics. Over the years, the company has expanded its reach by establishing multiple sales channels, such as a business-to-consumer website, direct mail catalog, call center, community website, and special partnerships. Additionally, Redbaby has set up branches in nine provinces and cities, ensuring that customers have access to a convenient and efficient shopping experience at any time.

NanoH2O

Venture Round in 2012
NanoH2O is a manufacturer specializing in advanced reverse osmosis membranes designed for water desalination and reuse. The company enhances traditional polymer-based membranes by incorporating a nano-structured material, which improves key membrane properties such as throughput, salt and contaminant rejection, and fouling resistance. NanoH2O's membranes are suitable for various applications, including seawater and brackish water desalination, as well as wastewater reclamation. By focusing on these innovations, the company aims to lower the costs associated with desalination while simultaneously enhancing energy efficiency and productivity in water treatment processes.

PapayaMobile

Series B in 2011
PapayaMobile Inc. is a Beijing-based company that offers mobile advertising services and specializes in automated advertising technology for various sectors, including media, e-commerce, gaming, and travel. Founded in 2008, the company operates a global mobile real-time bidding network called AppFlood, which provides marketing solutions for developers and brands with international advertising budgets. Additionally, PapayaMobile runs an open mobile social network that focuses on casual gaming and virtual currency. In 2014, the company expanded its offerings with the launch of KIWI Calendar, an event-focused smart calendar designed to help users discover events. PapayaMobile's platform leverages scalable, automated Big Data technology to deliver high-volume installations and return on investment-driven campaigns, while also offering customized advertising tools for popular social media platforms.

Beijing Redbaby Internet Technology

Series D in 2011
Beijing Redbaby Internet Technology is an e-commerce platform that specializes in maternal and child supplies, serving consumers throughout China. Founded in March 2004, Redbaby offers a diverse range of products, including baby food, healthcare items, diapers, feeding supplies, toys, clothing, toiletries, and cosmetics. Over the years, the company has expanded its reach by establishing multiple sales channels, such as a business-to-consumer website, direct mail catalog, call center, community website, and special partnerships. Additionally, Redbaby has set up branches in nine provinces and cities, ensuring that customers have access to a convenient and efficient shopping experience at any time.

DerbySoft

Series C in 2011
DerbySoft, based in Dallas, Texas, specializes in online hotel distribution services tailored for the hospitality industry. The company connects hotels and suppliers through its Connectivity Suite, facilitating streamlined interactions at both the Central Reservation System (CRS) and Property Management System (PMS) levels. Additionally, DerbySoft offers a Digital Marketing Suite that leverages machine learning and extensive data to enhance the effectiveness of digital marketing campaigns for its clients. The Content Suite further supports suppliers by providing a platform for the collection, management, and distribution of high-quality hotel content. Through these innovative solutions, DerbySoft enables travel companies to collaborate effectively and conduct digital commerce efficiently.

Babeeta Technologies

Venture Round in 2010
BaBeeTa (Beijing) Technology Co provides cost-effective blackberry-like professional pushmail solution provider from China.

Powerlayer Microsystems

Venture Round in 2010
PowerLayer Microsystems (Beijing) Limited is a fabless semiconductor company specializing in the development of system-on-chip (SoC) solutions tailored for the high-definition television (HDTV) and set-top-box (STB) markets. Founded in 2006 and headquartered in Beijing, China, with an additional office in Shenzhen, the company offers PLM SoCs that are capable of receiving, decoding, and playing HDTV signals, as well as rich Internet multimedia content. These solutions are designed for various consumer products, including Internet HDTV sets, multimedia players, and set-top boxes. PowerLayer Microsystems serves a diverse range of consumer electronic manufacturers and distributes its products across markets in Japan, Taiwan, Korea, and the United States.

Sinowyde Energy Technologies

Venture Round in 2009
Sinowyde is an energy efficiency technology company, providing energy saving systems primarily for outliers (including industrial/power plant boilers) to reduce coal consumption by improving combustion efficiency.

Analogix Semiconductor

Series B in 2009
Analogix Semiconductor, Inc. specializes in the design and manufacture of high-performance analog and mixed-signal semiconductor devices, primarily targeting the digital multimedia and communications markets. The company offers a range of products, including SlimPort solutions, timing controllers, and mobile display converters, which facilitate the transmission of high-quality video, audio, and data to various high-definition displays. Its product lineup includes the SlimPort ANX7688, a single-chip mobile transmitter capable of supporting 4K video resolution and high frame rates, catering to the needs of smartphones, tablets, and laptops. Founded in 2002 and headquartered in Santa Clara, California, Analogix also maintains offices in Beijing and Shenzhen, China, as well as locations in Taiwan, South Korea, and Japan, reinforcing its presence in the global semiconductor market.

Borqs Technologies

Series B in 2009
Borqs Technologies, Inc. is a high-tech company headquartered in Beijing, China, specializing in the development of software and hardware solutions for Android-based smart connected devices. Established in 2007, the company operates through two main segments: Mobile Virtual Network Operator Services and Connected Solutions. Borqs provides a range of services, including 2G/3G/4G voice and data services, cloud solutions, and commercial-grade Android platform software tailored for mobile chipset manufacturers, device OEMs, and operators. Additionally, it manufactures customizable hardware products such as smart trackers, ruggedized handsets, tablets, and mobile connectivity modules. The company primarily generates revenue through hardware sales, with a significant portion derived from its operations in the United States, China, and India. Borqs Technologies employs a skilled workforce, predominantly consisting of technical personnel, many of whom possess advanced degrees and extensive research and development experience in the telecommunications and software industries.

Lattice Power

Venture Round in 2009
Lattice Power (Jiangxi) Corporation, founded in 2006 and based in Nanchang, China, specializes in the research and production of advanced light-emitting diode (LED) technologies. The company focuses on silicon substrate epitaxy materials for gallium nitride (GaN) based LEDs, offering a range of products including high-power LED chips, which have been recognized for their innovative design. Lattice Power's product offerings cater to various applications, such as general lighting, display, liquid-crystal display (LCD) backlighting, and automotive lighting solutions. The company has developed GaN blue light-emitting diodes with independent intellectual property rights and holds numerous invention patents. Its technology portfolio features a three-pillar structure based on sapphire, carborundum, and silica substrates, allowing for cost-effective and efficient lighting solutions. Lattice Power operates as a subsidiary of Shunfeng International Clean Energy Limited.

Lattice Power

Series B in 2007
Lattice Power (Jiangxi) Corporation, founded in 2006 and based in Nanchang, China, specializes in the research and production of advanced light-emitting diode (LED) technologies. The company focuses on silicon substrate epitaxy materials for gallium nitride (GaN) based LEDs, offering a range of products including high-power LED chips, which have been recognized for their innovative design. Lattice Power's product offerings cater to various applications, such as general lighting, display, liquid-crystal display (LCD) backlighting, and automotive lighting solutions. The company has developed GaN blue light-emitting diodes with independent intellectual property rights and holds numerous invention patents. Its technology portfolio features a three-pillar structure based on sapphire, carborundum, and silica substrates, allowing for cost-effective and efficient lighting solutions. Lattice Power operates as a subsidiary of Shunfeng International Clean Energy Limited.

I3 Mobile

Venture Round in 2000
I3 Mobile is a company based in Stamford, Connecticut, that specializes in providing personalized information services for users of wireless communication devices, including mobile phones and pagers. Founded in 1991, the company offers a subscription-based service called Pronto, which delivers a variety of information and communication services directly to consumers. Pronto combines the functionality of a mobile concierge with advanced voice recognition technology, allowing users to access services and information throughout the day. The company's customizable offerings include stock quotes, financial news, weather updates, sports information, and travel details, tailored to the specific needs of each user based on their device type and network.
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