ZhenFund

ZhenFund is a venture capital firm established in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. Based in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley, ZhenFund focuses on seed stage investments and has over $1 billion under management. The firm primarily targets sectors such as e-commerce, education, artificial intelligence, mobile internet, and healthcare. Its portfolio includes over 750 high-growth companies, highlighting its significant presence in China’s early-stage venture capital landscape. Notable investments include companies like OFO, VIPKID, and Hero Entertainment. ZhenFund aims to support and inspire the next generation of global entrepreneurs, leveraging the founders' extensive experience in the education sector and successful investment track records.

Anna Fang

Founding Partner and CEO

Wei Kuang

Principal

Yuan Liu

Partner

Tianyi Qin

Principal

Yuguang Sun

Investment Associate

Lulu Sun

VP

Victor Wang

Co-Founder

Debbie Wang

VP

Terry Wang

Venture Partner

Bob Xiaoping Xu

Founding Partner

Fangzhou Yao

Managing Director

Li Yi

Investment Associate

Emma Yin

Partner

Meng Yuan

Investment Associate

Yazhe Zhang

Board Member, Partner and Director

Zhaoyu Zheng

Partner

Past deals in Computer Vision

SmartMore

Series B in 2021
SmartMore is a developer and operator of smart industrial platforms aimed at enhancing manufacturing optimization and intelligent manufacturing. The company integrates artificial intelligence and related technologies to deliver solutions that include intelligent industrial platforms, integrated equipment, and digital intelligence media. By focusing on the synergy between scientific research and industry, SmartMore seeks to innovate continuously and restructure AI systems to improve machine understanding. Its offerings provide industrial users with essential services for manufacturing optimization and digitalization, facilitating a more efficient and advanced industrial landscape.

Moffett AI

Seed Round in 2021
Moffett is building the world’s next generation AI computation platform, from ground up. They pioneer in deep learning algorithms and build computation platform that the world has never seen - powerful, fast and extremely energy efficient.

Surreal

Seed Round in 2021
Surreal uses Artificial Intelligence to generate subversive content creation.

Vastai Technologies

Series A in 2020
Vastai Technologies specializes in the development of semiconductor chips tailored for computer vision, video processing, and various artificial intelligence applications. The company's innovative products are engineered to enhance the computing capabilities of AI visual applications, allowing manufacturers of computer devices to integrate advanced chip technology into their offerings. By focusing on optimizing performance in these specific areas, Vastai Technologies aims to support the growing demand for efficient and powerful AI solutions in the market.

SmartMore

Series A in 2020
SmartMore is a developer and operator of smart industrial platforms aimed at enhancing manufacturing optimization and intelligent manufacturing. The company integrates artificial intelligence and related technologies to deliver solutions that include intelligent industrial platforms, integrated equipment, and digital intelligence media. By focusing on the synergy between scientific research and industry, SmartMore seeks to innovate continuously and restructure AI systems to improve machine understanding. Its offerings provide industrial users with essential services for manufacturing optimization and digitalization, facilitating a more efficient and advanced industrial landscape.

Cloudpick

Series A in 2020
Yuna Technology is a high-tech enterprise specializing in the development of computer vision and artificial intelligence applications. The company is committed to leading the technological breakthrough of the core knowledge of artificial intelligence, and building an overall application solution for artificial intelligence and big data analysis in multiple industries.

SmartMore

Seed Round in 2020
SmartMore is a developer and operator of smart industrial platforms aimed at enhancing manufacturing optimization and intelligent manufacturing. The company integrates artificial intelligence and related technologies to deliver solutions that include intelligent industrial platforms, integrated equipment, and digital intelligence media. By focusing on the synergy between scientific research and industry, SmartMore seeks to innovate continuously and restructure AI systems to improve machine understanding. Its offerings provide industrial users with essential services for manufacturing optimization and digitalization, facilitating a more efficient and advanced industrial landscape.

ImageDT

Series A in 2018
Developer of image recognition and semantic analysis technology designed to focus on providing business intelligence for enterprises. The company's technology offers offline inventory, e-commerce monitoring and online public opinion insight, enabling businesses to identify growth opportunities.

YITU

Series C in 2018
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.

Intellifusion

Series B in 2017
Shenzhen IntelliFusion Technology Co., Ltd. is a Chinese company that specializes in developing artificial intelligence chips and algorithms, focusing on visual AI applications. Established in 2014, the company provides big data solutions for various sectors, including public safety, smart urban development, unmanned aerial vehicles, robotics, and intelligent manufacturing. Its flagship product, the facial recognition system "DeepEye," has been widely adopted by public security departments in China for criminal identification. IntelliFusion leverages a robust AI technology platform and a team of international experts to create innovative products and solutions that have been implemented in over 100 cities across China and Southeast Asia, supporting initiatives in social governance and AIoT.

Versa

Seed Round in 2017
Versa, Inc. is a Shanghai-based company that specializes in artificial intelligence-driven video and photo editing applications. Founded in 2017, it offers the Macaron Play Picture application, which allows users to create and edit visual content through intelligent recognition technology. The app features various functionalities, including filters, background removal, and the ability to transform photos into artistic styles such as oil paintings or animations. Versa aims to empower individuals by enhancing their creative potential, making visual creation accessible to a broader audience. The platform is particularly popular among modern artists and young creators, who utilize its tools to bring their imaginative visions to life.

YITU

Venture Round in 2017
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.

Vidcode

Seed Round in 2017
Vidcode is an award-winning software that teaches students computer programming through their favorite hobby: video-making. Project-oriented lessons allow students to create memes, video filters, interactive games, virtual reality and beyond with real programming languages. Vidcode offers full semester coding courses that prepare students for AP CS. Voted Best Learning Site 2015 by Common Sense Media

Cloudpick

Seed Round in 2017
Yuna Technology is a high-tech enterprise specializing in the development of computer vision and artificial intelligence applications. The company is committed to leading the technological breakthrough of the core knowledge of artificial intelligence, and building an overall application solution for artificial intelligence and big data analysis in multiple industries.

YITU

Series C in 2017
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.

YITU

Series C in 2017
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.

Zero Zero Robotics

Series B in 2017
Zero Zero Robotics Inc. is a manufacturer of advanced hover cameras, founded in 2014 and headquartered in Shenzhen, China, with additional offices in Beijing, San Francisco, Hangzhou, and Taiwan. Co-founded by Stanford Ph.D.s MQ Wang and Tony Zhang, the company focuses on developing smart flying robotics that enhance user experiences. Its flagship product, the Hover Camera Passport, is designed for capturing unique perspectives and significant moments, and has garnered multiple awards, including accolades from Red Dot Design and CES. The camera operates using Qualcomm’s Snapdragon Flight drone software and incorporates artificial intelligence for navigation, making it suitable for a variety of events such as family vacations and weddings. With a workforce of over 120 employees, Zero Zero has established partnerships, including a notable collaboration with Apple retail, and has attracted investment from firms such as IDG and GSR Ventures.

DeepGlint

Series B in 2017
Deep Glint focuses on enabling computers to understand the world with 3D computer vision and machine learning technologies. We are the first to provide automatic human behavior and trajectory analysis solutions to banks and shopping centers.

NovuMind

Series A in 2016
NovuMind Inc. is an artificial intelligence technology company based in Santa Clara, California, founded in 2015. The company specializes in developing advanced chip technology that integrates big data, high-performance computing, and heterogeneous computing. This innovative approach aims to transform the Internet of Things into the Intelligent Internet of Things. NovuMind's products find applications across various sectors, including facial recognition, smart health, data centers, autonomous driving, intelligent manufacturing, and smart city initiatives. Through its technology, NovuMind enables businesses to enhance their products and services with the capabilities of artificial intelligence.

QuantaEye

Seed Round in 2016
QuantaEye

Visbit

Seed Round in 2016
Visbit Inc., based in Sunnyvale, California, is a visual technology company that specializes in cloud streaming services for virtual reality (VR) content creators and publishers. Founded in 2015, Visbit offers a platform that includes the Visbit Portal for managing and publishing 360-degree videos, the Visbit Cloud for transcoding and delivering videos via content distribution networks, and the Visbit Player, a software development kit for video playback. Utilizing its patented View-Optimized Streaming technology, Visbit enables the delivery of high-resolution 360-degree VR videos without noticeable latency, even over standard Wi-Fi and LTE networks. This innovation enhances the viewing experience by minimizing data usage and avoiding heavy compression, thereby bridging the gap between the demands of VR content and typical network capabilities.

Momenta

Series A in 2016
Momenta is an autonomous driving startup operating out of Beijing. Its deep-learning based software in perception, HD semantic mapping, and data-driven path planning enables the realization of full autonomy. Momenta offers multi-level autonomous driving solutions as well as big data products and services. Momenta’s team is composed of some of the world’s top experts in computer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most popular deep learning network, as well as winners of ImageNet 2015, MS COCO Challenge 2015, and ImageNet 2017. Momenta is leading the autonomous driving software space with advanced technical competence and a strong commitment to innovation.

Momenta

Series A in 2016
Momenta is an autonomous driving startup operating out of Beijing. Its deep-learning based software in perception, HD semantic mapping, and data-driven path planning enables the realization of full autonomy. Momenta offers multi-level autonomous driving solutions as well as big data products and services. Momenta’s team is composed of some of the world’s top experts in computer vision and deep learning, including one of the authors of Faster R-CNN and ResNet, the most popular deep learning network, as well as winners of ImageNet 2015, MS COCO Challenge 2015, and ImageNet 2017. Momenta is leading the autonomous driving software space with advanced technical competence and a strong commitment to innovation.

Zero Zero Robotics

Series A in 2016
Zero Zero Robotics Inc. is a manufacturer of advanced hover cameras, founded in 2014 and headquartered in Shenzhen, China, with additional offices in Beijing, San Francisco, Hangzhou, and Taiwan. Co-founded by Stanford Ph.D.s MQ Wang and Tony Zhang, the company focuses on developing smart flying robotics that enhance user experiences. Its flagship product, the Hover Camera Passport, is designed for capturing unique perspectives and significant moments, and has garnered multiple awards, including accolades from Red Dot Design and CES. The camera operates using Qualcomm’s Snapdragon Flight drone software and incorporates artificial intelligence for navigation, making it suitable for a variety of events such as family vacations and weddings. With a workforce of over 120 employees, Zero Zero has established partnerships, including a notable collaboration with Apple retail, and has attracted investment from firms such as IDG and GSR Ventures.

NovuMind

Seed Round in 2016
NovuMind Inc. is an artificial intelligence technology company based in Santa Clara, California, founded in 2015. The company specializes in developing advanced chip technology that integrates big data, high-performance computing, and heterogeneous computing. This innovative approach aims to transform the Internet of Things into the Intelligent Internet of Things. NovuMind's products find applications across various sectors, including facial recognition, smart health, data centers, autonomous driving, intelligent manufacturing, and smart city initiatives. Through its technology, NovuMind enables businesses to enhance their products and services with the capabilities of artificial intelligence.

Horizon Robotics

Seed Round in 2016
Horizon Robotics, founded in 2015 and headquartered in Beijing, China, specializes in developing advanced chips for robotics and artificial intelligence applications. The company focuses on providing integrated, open embedded AI solutions that are designed to be high-performance, low-power, and cost-effective. Horizon Robotics aims to enable a wide range of devices, including autonomous vehicles, to operate with enhanced intelligence, facilitating capabilities such as perception, understanding, and decision-making to improve safety and convenience. The company's co-founding team possesses expertise in algorithms, software, hardware, and chip development, supported by a robust research and development team with significant industry experience. Horizon Robotics has garnered considerable investment from prominent venture capital firms and notable investors, positioning itself as a leading player in the global AI startup landscape.

xPerception

Seed Round in 2016
xPerception Technology Inc., founded in 2016 and based in Mountain View, California, specializes in developing visual perception software and hardware for applications in robotics and virtual reality. The company was established by two former engineers from Magic Leap and has created a camera capable of generating visual maps of surrounding objects. As a subsidiary of Baidu, xPerception focuses on providing advanced 3D space position tracking solutions that enhance the capabilities of robots, head-mounted displays, and drones.

Polarr

Seed Round in 2015
Polarr, Inc. is a developer of online and offline photo-editing software, specializing in AI technology for photography, video, and other creative applications. Founded in 2014 and headquartered in San Jose, California, Polarr offers tools and resources for developers to create high-quality applications that inspire creativity. Its first-party applications are utilized by millions of photographers and videographers, while the AI development platform also supports third-party developers, including notable companies like Samsung and OPPO. This enables a wide range of innovative solutions that reach hundreds of millions of users globally.

Zero Zero Robotics

Seed Round in 2015
Zero Zero Robotics Inc. is a manufacturer of advanced hover cameras, founded in 2014 and headquartered in Shenzhen, China, with additional offices in Beijing, San Francisco, Hangzhou, and Taiwan. Co-founded by Stanford Ph.D.s MQ Wang and Tony Zhang, the company focuses on developing smart flying robotics that enhance user experiences. Its flagship product, the Hover Camera Passport, is designed for capturing unique perspectives and significant moments, and has garnered multiple awards, including accolades from Red Dot Design and CES. The camera operates using Qualcomm’s Snapdragon Flight drone software and incorporates artificial intelligence for navigation, making it suitable for a variety of events such as family vacations and weddings. With a workforce of over 120 employees, Zero Zero has established partnerships, including a notable collaboration with Apple retail, and has attracted investment from firms such as IDG and GSR Ventures.

Intellifusion

Series A in 2015
Shenzhen IntelliFusion Technology Co., Ltd. is a Chinese company that specializes in developing artificial intelligence chips and algorithms, focusing on visual AI applications. Established in 2014, the company provides big data solutions for various sectors, including public safety, smart urban development, unmanned aerial vehicles, robotics, and intelligent manufacturing. Its flagship product, the facial recognition system "DeepEye," has been widely adopted by public security departments in China for criminal identification. IntelliFusion leverages a robust AI technology platform and a team of international experts to create innovative products and solutions that have been implemented in over 100 cities across China and Southeast Asia, supporting initiatives in social governance and AIoT.

MADV

Angel Round in 2015
Beijing MadV Technology Co., Ltd. creates panoramic virtual reality software and hardware products. The company is based in Beijing, China.

YITU

Angel Round in 2013
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.

Orbeus

Pre Seed Round in 2013
Orbeus taps the power of deep learning to provide scalable image and face recognition solutions for businesses and consumers. With expertise in state-of-the-art machine learning and ImageNet (award winners in 2013 and 2014), Orbeus understands both the tremendous value, and limitations, of a purely academic approach for everyday uses. Orbeus bridges this gap to meet identification requirements has developed what could be the best application yet for letting everyday consumers benefit from advances in deep learning, called PhotoTime, which got featured by Apple store and mass medias.

YITU

Seed Round in 2013
Yitu Limited, founded in 2012 and based in Shanghai, China, specializes in the research and development of artificial intelligence solutions with applications across various sectors including smart cities, healthcare, and commerce. The company focuses on machine vision, natural language understanding, and intelligent hardware, providing a range of products such as intelligent security platforms, urban transport management systems, and medical imaging technology. Yitu's healthcare solutions include AI-driven platforms for disease management, child development evaluation, and integrated medical services. The firm also supports industries like finance and retail by offering AI infrastructure and solutions designed to enhance operational efficiency and decision-making. With additional offices in Beijing and Hangzhou, Yitu is committed to pioneering advancements in AI to foster a safer and more efficient world.
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