Lenovo Capital and Incubator Group (LCIG)

Lenovo Capital and Incubator Group is a global investment entity that focuses on core technology and internet-related sectors, including cloud computing, big data, artificial intelligence, and robotics. Based in Quarry Bay, Hong Kong, the group manages venture capital funds, such as the Lenovo Smart Internet Innovation RMB Fund, which specifically targets the Internet innovation industry in China. The group's strategy emphasizes leveraging Lenovo's extensive global resources to promote research and development, facilitating new business avenues, and fostering innovation. Through targeted investments and incubation efforts, Lenovo Capital and Incubator Group seeks to align with Lenovo's strategic objectives and drive future advancements in technology.

He Zhiqiang

Senior Vice President

Luo Xu

Managing Director

Past deals in Hardware

Taifang Technology

Series B in 2024
Taifang Technology is a national high-tech enterprise specializing in the research and development of intelligent tactile technology. The company develops multi-touch screen hardware designed to enhance interactive tactile perception in consumer electronics and automotive applications. Its product range includes hardware, software, displays, and premium multi-touch sensors, offering a diverse selection of interactive solutions tailored to meet the needs of various businesses. Through its innovative technologies, Taifang Technology aims to improve user experience and interaction across multiple sectors.

Huayi Quantum

Seed Round in 2024
Huayi Quantum is a quantum computer and quantum cloud platform developer specializing in advanced algorithm research and application acceleration.The business creates modular, standardized, and scalable quantum computers based on ion-trap technology.

DexForce

Seed Round in 2024
DexForce specializes in the development of AI-enabled robotic systems equipped with integrated 3D vision technology. The company offers a range of software and hardware solutions tailored for smart manufacturing, logistics, and home automation. This includes advanced 3D vision cameras and algorithms that enhance the capabilities of manufacturing robots, allowing them to perform complex tasks such as detection, positioning, recognition, and guidance in challenging environments. By combining innovative technology with practical applications, DexForce aims to improve efficiency and effectiveness in various sectors.

Lanxin Computing

Angel Round in 2023
Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.

Moore Threads

Series B in 2023
Moore Threads, founded in 2020 and based in Beijing, China, specializes in developing Graphics Processing Unit (GPU) technology and services. The company focuses on enabling visual computing, artificial intelligence, and high-performance computing applications for a diverse range of sectors, including gaming and the creative industry. By providing advanced GPU technology and services for data centers, edge computing servers, professional workstations, and high-performance PCs, Moore Threads helps clients achieve significant computational power for their processes.

Taifang Technology

Venture Round in 2023
Taifang Technology is a national high-tech enterprise specializing in the research and development of intelligent tactile technology. The company develops multi-touch screen hardware designed to enhance interactive tactile perception in consumer electronics and automotive applications. Its product range includes hardware, software, displays, and premium multi-touch sensors, offering a diverse selection of interactive solutions tailored to meet the needs of various businesses. Through its innovative technologies, Taifang Technology aims to improve user experience and interaction across multiple sectors.

Kayja Optics

Seed Round in 2023
Kayja Optics develops precision optical system equipment and provide professional optical technology solutions.

Thin Red Line

Angel Round in 2022
Thin Red Line is a technology company based in China, founded in 2018, that focuses on developing next-generation personal computing devices, positioning itself beyond the smartphone. The company specializes in augmented reality systems and products, creating innovative operating systems and technologies for augmented and virtual reality applications, leveraging its proprietary in-house technology. Through these advancements, Thin Red Line aims to reshape personal computing and enhance user experiences in augmented reality.

GravityXR

Seed Round in 2022
GravityXR is a developer of XR technology and a manufacturer of terminal equipment, specializing in the fields of augmented reality (AR), virtual reality (VR), and mixed reality (MR). The company focuses on creating advanced chip platforms and supporting hardware solutions that enhance user experiences in XR environments. GravityXR also offers a comprehensive range of technical services, including software and technology suites, application interfaces, key component selection, and product prototype development support. By integrating hardware and software, GravityXR aims to enable customers to leverage next-generation XR user experiences and metaverse interfaces.

Industrial Next

Seed Round in 2022
Industrial Next specializes in the development of advanced technologies aimed at automating production processes. The company focuses on creating AI-powered workstations that utilize proprietary learning, vision, and control software to streamline manual assembly tasks. By integrating hardware and software solutions, Industrial Next enables manufacturing companies to improve efficiency and precision in their assembly lines, thereby facilitating flexible and intelligent production automation.

HOUMO.AI

Series A in 2022
Houmo.AI is a semiconductor company founded in 2020 by Dr. Wu Qiang, specializing in integrated circuit storage technology tailored for artificial intelligence and high-power computing applications. The company focuses on developing intelligent computing chips that cater to the growing demand for computing power in the AI sector. By leveraging innovative technologies, Houmo.AI aims to deliver chips that offer significant performance improvements while maintaining low power consumption and affordability. This approach enables enterprises to manufacture advanced intelligent robotics and other AI-integrated electronics, ultimately striving to meet the challenges of true artificial intelligence.

CIX Technology

Angel Round in 2022
CIX Technology specializes in developing advanced intelligent computing solutions, focusing on high-performance, energy-efficient general-purpose computing chips and CPUs. Utilizing ARM architecture, the company designs its products for a variety of applications, including notebooks, desktops, high-end tablets, and augmented/virtual reality systems. By enhancing processing power, CIX Technology enables enterprises to create more efficient electronics and other technological products, ultimately improving computing speed and performance across various sectors.

RiVAI

Series A in 2021
RiVAI Technologies specializes in the development of advanced RISC-V based CPUs and customized System-on-Chip (SoC) designs. The company focuses on delivering high-performance computing solutions for diverse applications, ranging from edge computing to data centers. Additionally, RiVAI develops artificial intelligence chips tailored for Internet of Things (IoT) applications, catering to various sectors such as wearable technology, smart homes, security systems, agriculture, and consumer electronics. By offering low-power yet high-performance core processor chips, RiVAI enables its clients to meet the growing demands of modern computing environments.

Resnics

Seed Round in 2021
Resnics specializes in the manufacture of storage and network data processor chip solutions tailored for the communications and Internet sectors. The company is bolstered by a skilled technical team comprising experts in networking, storage, and systems, both domestically and internationally. Resnics possesses significant technical expertise in networking, switching, storage, and high-performance CPUs. The company aspires to establish itself as a high-tech innovation leader, focusing on advancing technology to meet the growing demands of data centers for large chip solutions.

MetaX

Series A in 2021
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.

Care

Seed Round in 2021
Care is a medical technology company focused on developing solutions for neurological diseases. The company engages in research and development of intelligent tools, including software, hardware, and artificial intelligence technologies, aimed at improving the screening, diagnosis, treatment, and research of neurological conditions. Through its innovative approach, Care seeks to enhance the understanding and management of these complex diseases, contributing to advancements in medical care and patient outcomes.

HOUMO.AI

Seed Round in 2021
Houmo.AI is a semiconductor company founded in 2020 by Dr. Wu Qiang, specializing in integrated circuit storage technology tailored for artificial intelligence and high-power computing applications. The company focuses on developing intelligent computing chips that cater to the growing demand for computing power in the AI sector. By leveraging innovative technologies, Houmo.AI aims to deliver chips that offer significant performance improvements while maintaining low power consumption and affordability. This approach enables enterprises to manufacture advanced intelligent robotics and other AI-integrated electronics, ultimately striving to meet the challenges of true artificial intelligence.

Zhuizhi Technology

Series A in 2021
Zhuizhi Technology specializes in providing technology services tailored for fast-selling retail companies, offering integrated smart retail solutions. The company's expertise encompasses store digitization, traffic conversion from offline to online platforms, precise member marketing, and enhancements to the shopping experience. Additionally, Zhuizhi Technology focuses on improving store floor efficiency and internal operations within the retail sector. Its product lineup includes mobile management assistant applets, smart cash registers, and various hardware terminals, all designed to facilitate intelligent management and boost sales efficiency for retail businesses. By addressing both the middle and front office needs, Zhuizhi Technology aims to empower merchants with the tools necessary for effective business management.

Hercules Microsystems

Venture Round in 2020
Jingwei Qili is a developer of hybrid programmable computing chips. The company's products are mainly FPGA chip series products, as well as development boards and kits, etc., which can be applied to the field of artificial intelligence. At the same time, the company's business also includes providing users with testing and maintenance Circuits and other services.

Semidrive Technology

Series A in 2020
Nanjing Semidrive Technology Ltd., established in 2018, is a Chinese company specializing in the design and manufacture of core processor chips for automotive applications. It offers a range of products, including the X9 chip for eCockpit systems, the V9 chip for advanced driver assistance systems (ADAS) and autonomous driving, and the G9 chip for vehicle central gateway applications. Semidrive operates with a fabless manufacturing model and has research and development facilities in Nanjing and Beijing, with an additional office in Shenzhen.

Feima Robotics

Venture Round in 2020
Feima Robotics is an information technology company that specializes in the development of UAV software and hardware integration solutions. The company focuses on creating surveying drones designed for applications in public safety and environmental testing. It has introduced a diverse range of intelligent aerial systems, including 15 types of drones and 3D devices, categorized into the F, D, V, and P series, as well as SLAM handheld laser scanners. These drones leverage GIS and aerial photography technologies, allowing for the collection and cloud storage of data, which facilitates easy access to accurate environmental information for users.

Haiguang Information Technology

Venture Round in 2020
Haiguang Information Technology develops high-end processors, accelerators, and other computing chip products and systems.

NED+AR

Series A in 2019
Nadejia Display Technology specializes in the development and production of optical modules for augmented reality (AR) and virtual reality (VR) smart glasses. The company emphasizes research and development of lightweight optical display components tailored for various industries, including medical, industrial, and aviation sectors. By providing technical support and innovative solutions, Nadejia aims to enhance the functionality and usability of AR and VR technologies, empowering users to perform precise tasks effectively.

Semidrive Technology

Seed Round in 2019
Nanjing Semidrive Technology Ltd., established in 2018, is a Chinese company specializing in the design and manufacture of core processor chips for automotive applications. It offers a range of products, including the X9 chip for eCockpit systems, the V9 chip for advanced driver assistance systems (ADAS) and autonomous driving, and the G9 chip for vehicle central gateway applications. Semidrive operates with a fabless manufacturing model and has research and development facilities in Nanjing and Beijing, with an additional office in Shenzhen.

Vincross

Series A in 2019
Vincross Inc. is a consumer robotics company founded in 2014 and headquartered in Beijing, China. It designs and develops advanced robotics technology, focusing on accessibility and usability for individuals. The company's flagship product, HEXA, is a versatile six-legged robot capable of traversing various terrains, including climbing stairs, and is equipped with sensors for responsive interaction with its environment. HEXA operates on MIND OS, a user-friendly robotics operating system that allows users to create sophisticated robotic applications with minimal coding. Vincross aims to democratize robotics, making it available to a broad audience, including creators, programmers, and hobbyists. The company envisions a future where robots are integral to daily life, providing innovative solutions for applications such as scientific exploration, firefighting, and rescue operations. Through its commitment to developing a comprehensive robotics ecosystem, Vincross is positioning itself at the forefront of the next generation of consumer robotics.

IDM Sensor

Venture Round in 2019
IDM Technology Inc. is a Chinese company founded in 2014, specializing in the research, development, and production of advanced intelligent gas sensors. Headquartered in Suzhou, IDM Sensor focuses on creating artificial olfactory solutions and has established itself as a national high-tech enterprise. The company develops a range of sensors capable of detecting various toxic and harmful gases, including formaldehyde, alcohol, ammonia, carbon monoxide, nitrogen oxides, hydrogen sulfide, and methane. IDM Sensor's offerings include gas sensor chips, MEMS gas sensors, thermopile temperature sensors, flexible pressure sensors, infrared CO2 sensor modules, and laser PM 2.5 sensor systems. The company has also built production lines in Kunshan to support its manufacturing capabilities.

Luckey Technology

Venture Round in 2019
Luckey Technology develops an ultrathin smart device that transforms a computer's trackpad into a numeric keyboard, for users to more quickly produce numerical inputs.

Lenovo

Seed Round in 2018
Lenovo is a prominent global technology company recognized as the world's largest PC vendor and a significant player in the smartphone market. Founded in 1984 as Legend Holdings in China, the company rebranded to Lenovo in 2004 and gained a foothold in the industry by acquiring IBM's Personal Computer Division. With a revenue of approximately $39 billion and a workforce of over 54,000 employees, Lenovo operates in more than 60 countries and serves customers in over 160 countries. The company’s operations are structured into three primary segments: PC and smart devices, mobile, and data center, with expected contributions of approximately 60%, 13%, and 17% of sales, respectively. Lenovo has been focusing on expanding its data center segment, which has seen substantial growth in recent years. The company adopts a unique vertically integrated business model that enhances its ability to innovate and compete effectively in the rapidly evolving technology landscape. Through strategic investments in local manufacturing and research and development, Lenovo aims to blend global reach with local expertise, positioning itself for sustained growth and success.

Cambricon Technologies

Series A in 2017
Cambricon Technologies is a leading company in the development of artificial intelligence core chips, focusing on applications in cloud servers, edge computing devices, and terminal equipment. Founded by Professor Chen Tianshi, a recognized expert in processor architecture and artificial intelligence, the company has established itself as a pioneer in smart chip technology. It offers a diverse range of chip products and system software solutions, serving various industries including smart terminals and intelligent robotics. Notably, Cambricon introduced the Cambrian-1A processor in 2016, which was the first commercial deep learning processor designed for smartphones, wearable devices, and other terminal applications. The company continues to innovate in the field of AI chip technology, contributing to advancements in intelligent systems.

NED+AR

Seed Round in 2017
Nadejia Display Technology specializes in the development and production of optical modules for augmented reality (AR) and virtual reality (VR) smart glasses. The company emphasizes research and development of lightweight optical display components tailored for various industries, including medical, industrial, and aviation sectors. By providing technical support and innovative solutions, Nadejia aims to enhance the functionality and usability of AR and VR technologies, empowering users to perform precise tasks effectively.

720health

Series B in 2017
720Health is a tech enterprise. 720Health is an enterprise for smart home aiot hardware products and related industry solutions. Their products and solutions cover many health appliances such as intelligent environmental monitoring, air purification and disinfection, drinking water purification, sterilization, and the removal of pesticide residues.

OnMicro

Venture Round in 2017
OnMicro is a developer and researcher of high-performance integrated circuits and peripheral products designed for a range of electronic devices, including smartphones, tablets, personal computers, and smart home products. The company specializes in creating RF integrated circuit chips and analog integrated circuit chips that are essential for wireless communication, power management, and RF front-end modules. Through its focus on reliability and performance, OnMicro aims to support the advancement of technology in various consumer electronics.

Lanxin Computing

Lanxin Computing is a high-performance chip design company that focuses on the research and development of CPUs with RISC-V ecosystems.
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