A portfolio built around structural shifts.

The world's largest open-source AI model platform and community, hosting over a million models and datasets — the open-source infrastructure of the AI era.

Founded in 2023 by Chuanxiong Guo, former director of ByteDance's AI Lab, Beijing-based Bitezhilu develops next-generation RDMA high-speed networking chips for AI data centers, addressing network scalability and communication-efficiency bottlenecks in large-scale GPU clusters.

Founded in 2021, Nuoshi Technology (Suzhou) develops, manufactures and sells Micro-LED microdisplay chips based on its proprietary VSP vertical-stacking pixel technology, targeting AR/VR headsets, automotive HUDs and pico-projection applications.

Founded in 2023 by former core members of Huawei's autonomous-driving team, Shanghai-based Cyanborg (Qingxin Yichuang) develops general-purpose embodied-intelligence robots; it has unveiled the ORCA humanoid robot and is building a small soft-covered robot for emotional-companionship scenarios.

Founded in 2022 and incubated at XbotPark, Lymow builds robotic lawn mowers for home yards in Europe and North America; its track-driven mowers use RTK positioning and AI vision navigation to mow autonomously without boundary wires.

Founded in Beijing in 2021, Ziniu Yidong focuses on the R&D, design, assembly, verification and sales of core semiconductor components, and is building component cleaning and surface-coating capabilities with partners to supply critical parts to domestic wafer fabs.

An AI "digital employee" platform company for manufacturing. Its core product LinkCrux spans R&D, production, supply chain, and service, with deployments in order management, intelligent scheduling, and quality inspection, helping manufacturers embed AI into core business processes and advance intelligent transformation.

Publicly known as ListenHub, a product of MarsWave. This AI content-generation tool turns prompts, links, or documents into podcasts, narrated videos, slides, and voice-overs, helping creators and educators quickly convert existing material into audio-visual content and lowering the barrier to media production.

A superconducting quantum-computing company incubated from the Beijing Academy of Quantum Information Sciences. It productizes qubit measurement-and-control instruments and circuits, with capabilities in full-system integration of superconducting quantum computers and quantum cloud platforms, addressing the control-system bottleneck in engineering and cost.

A Hangzhou-based AI company serving overseas users. FateTell combines Eastern metaphysics such as Bazi and the I Ching with large language models trained on tens of thousands of natal-chart cases, generating personalized destiny readings, daily fortune analysis, and AI conversations as a modern self-exploration tool.

Suzhou-based Yimaixi Semiconductor develops high-density multi-layer molded packaging substrates with its proprietary SEiCM process, serving advanced packaging applications such as system-in-package for IoT, automotive electronics, and artificial intelligence.

Founded in 2022, TangibleFuture is a smart-hardware company combining robotics with multimodal interaction. Its first product, LOOI, is a smartphone-powered desktop robot that uses a bionic behavior system to deliver companionship and entertainment experiences, primarily in overseas markets.

Founded in 2024 with teams in Beijing and the San Francisco Bay Area, Aimengen is a smart-hardware startup focused on the North American baby-tech market. Its core product is an AI baby monitor camera, supported by in-house audio AI such as abnormal-sound detection.

A legal-tech company building AI agents for complex legal workflows. Its first application focuses on small-loan litigation for banks and financial institutions, automating high-volume case filing and related legal tasks while accumulating experience through execution, reducing the labor and time cost of legal collections work.

A general-purpose AI agent from Yichuang Technology. Fully open-source and deployable on a single local machine, it covers the complete loop of task planning, tool invocation, and self-reflection, letting enterprises run automated tasks on mainstream open-source models within their own environment, balancing data security and cost.

Founded in 2006, Haodf Online is a Chinese internet healthcare platform connecting patients with physicians from public hospitals. It offers online and phone consultations, remote video clinics, precision appointment referrals, and post-visit disease management to improve access to quality care.

Palfish is an online English learning platform for children and teenagers, operated by Beijing Duwo Technology. Its products span picture-book reading, one-on-one classes with foreign teachers, and AI interactive courses, covering stages from early literacy to spoken English practice.

A Shenzhen-based maker of semiconductor metrology and inspection equipment with in-house optical and X-ray technology platforms. Its products span optical thin-film metrology, optical critical dimension (OCD), overlay, and X-ray film and composition measurement tools, serving wafer fabs' process-control needs.

A Chengdu-based high-speed interconnect company that develops and manufactures high-speed connectors, high-speed cables and cable assemblies, and optical modules, providing interconnect solutions for data centers, 5G communications, automotive electronics, industrial control and medical electronics.

A Shanghai-based designer of analog and mixed-signal integrated circuits, offering power-management ICs (LDO, DC-DC, charging management), automotive-specific chips, signal-chain ICs and power devices for consumer electronics, security, medical and automotive applications.

A Shanghai-based developer of metasurface photonic chips. Rooted in micro-nano optical design and fabrication, it builds flat optical devices suited to standardized integration and volume replication; its chips convert a single laser beam into large-scale optical tweezer arrays, supporting frontier applications such as neutral-atom quantum computing.

A Chengdu-based designer of high-end interconnect chips (now operating as Chengdu Xingtuo Microelectronics / Silicon Innovation), focused on enterprise-grade clock, interface, power-management and digital-isolation ICs for data centers, 5G communications, industrial internet and new-energy vehicles.

Kaiyun Motors is a new energy vehicle design and manufacturing company focused on affordable electric pickups and logistics vehicles, serving county and township markets as well as urban last-mile delivery with practical electric mobility and cargo solutions.

Huacun Electronics (Jiangsu Huacun Electronics Technology), founded in 2017 and headquartered in Nantong, Jiangsu, develops and manufactures storage controller chips and memory modules, covering PCIe, SATA and eMMC controller solutions as core components for the storage industry.

Xingyun Kaiwu (formerly Leyaoyao) builds IoT hardware and SaaS systems for self-service machines, providing connectivity, payment and operations management capabilities across entertainment, retail, lifestyle and mobility scenarios to help machine operators run digitally.

A multiphase reaction technology platform company originating from a Nanjing University research team. Its micro-interface mass-transfer intensification (MIR) technology enlarges phase interfacial area at the micron scale to improve reaction efficiency, serving refining, petrochemical, fine-chemical, new-material and environmental applications to reduce energy consumption and costs.

A leader in the smartphone, AIoT, and smart electric vehicle ecosystem, with in-house Surge chips and large models; listed on the Hong Kong Stock Exchange in 2018 (01810.HK). A representative exit from FutureX's early-stage investments.

Why we care: Xiaomi holds the hardware-ecosystem entry point spanning phones, smart home, and cars: its in-house XRING SoC fills the upstream chip link, while the EV business reuses its consumer-electronics supply chain and installed user base.

雷军 Lei Jun (founder/CEO) · 林斌 Lin Bin · 黎万强 Li Wanqiang · 8 联合创始人 · ex-Kingsoft

A Chinese local-services giant spanning food delivery, in-store services, and instant retail, with an AI strategy built around its in-house LongCat large model; listed on the Hong Kong Stock Exchange in 2018 (03690.HK). FutureX backed it across multiple early-stage rounds.

Why we care: Meituan controls the instant-fulfillment layer of local services: a high-density rider network and dispatch system that function as hard-to-replicate infrastructure, now being extended overseas via Keeta into the Middle East and Latin America.

王兴 Wang Xing (founder/CEO) · 王慧文 Wang Huiwen · 穆荣均 Mu Rongjun · ex-饭否 / 校内网

A premium smart electric vehicle company built on a battery-swap/BaaS model plus the NOMI in-cabin assistant; listed on the NYSE in 2018 (NIO) and later dual-listed in Hong Kong. An early FutureX New Energy investment.

Why we care: NIO occupies the battery-swap infrastructure link in EVs: battery-vehicle separation (BaaS) and its swap-station network standardize energy replenishment, with the Firefly brand extending the price range on the same swap system.

李斌 William Li (founder/CEO) · 秦力洪 Qin Lihong (President) · serial entrepreneur (Bitauto, Mobike)

A leading independent cloud service provider in China, dual-listed on Nasdaq and Hong Kong (03690.HK). An early FutureX cloud-computing investment and exit.

Why we care: An independent cloud provider backed by the Kingsoft and Xiaomi ecosystems, it has shifted its focus toward AI computing and training/inference services, occupying the infrastructure layer that large-model deployment in China depends on.

An enterprise big-data analytics and digital-intelligence service provider, formerly listed on Nasdaq (Gridsum). An early FutureX investment.

An internet brokerage serving global Chinese investors, listed on Nasdaq (TIGR). A FutureX FinTech exit.

Why we care: A cross-border online brokerage positioned at the entry point through which Asia-Pacific investors access multiple global markets; in Hong Kong it operates both securities brokerage and a licensed virtual-asset trading platform, sitting at the regulated intersection of traditional securities and digital assets.

An innovative medical device company specializing in cardiovascular interventional cryoablation; listed on the Hong Kong Stock Exchange (06922.HK). A FutureX exit in the healthcare sector.

An innovative medical-device company specializing in transcatheter heart valves (interventional valves / TAVR); listed in Hong Kong (09877.HK). A FutureX medical-device exit.

Why we care: Focused on tricuspid regurgitation, a structural-heart segment long underserved by interventional devices; its transjugular tricuspid valve replacement system is among the few of its kind to reach EU/US regulatory and pivotal clinical stages.

An automotive-grade autonomous-driving AI chip company (the Huashan/Wudang series), billed as the "first stock in autonomous-driving compute chips"; listed in Hong Kong in 2024 (02533.HK). A lead early-stage FutureX investment.

Why we care: A designer of automotive-grade computing chips for advanced driver assistance, with in-house NPU and ISP IP. It sits at the compute-chip layer of the smart-vehicle supply chain, a key link in the localization of automotive silicon in China.

单记章 Shan Xiang (founder/CEO) · 刘卫红 Liu Weihong (CTO) · ex-OmniVision / Bosch / NXP

The electrification entity of the British luxury sports car brand Lotus, listed on Nasdaq (LOT) and part of the Geely group. A FutureX New Energy / Smart Vehicle exit.

Why we care: The entity within the Geely ecosystem carrying the Lotus brand's intelligent electrification, it combines British sports-car heritage with China's EV supply chain and software capabilities, positioned in the technically demanding high-performance luxury EV niche.

吉利 Geely 控股 · 李书福 Eric Li (Geely founder/Chairman) · Volvo / Polestar 集团成员

A global leader in CMOS image sensors for security, smartphone, and automotive applications; listed on the STAR Market in 2022 (688213). A classic FutureX case of early-stage investment, made in 2015, that endured across market cycles.

Why we care: A CMOS image sensor designer that expanded from security cameras into smartphone and automotive markets. It occupies the perception entry point of machine vision and is an important participant in the localization of high-end image sensors in China.

徐辰 Xu Chen (founder/CEO) · ex-OmniVision Technologies / Howell · CIS 资深操盘

An AI talent-matching and data platform; founder Ali Ansari is a serial entrepreneur and seasoned enterprise AI operator.

Ali Ansari (founder/CEO) · serial founder · enterprise AI veteran

FDA-cleared at-home fertility and reproductive health device. The team comes from the Stanford Biodesign Fellowship, with deep clinical and FDA medical-device experience.

Stanford Biodesign Fellowship team · clinical & FDA device veterans

An AI behavioral biometrics company; advisors include Joanne Isham, former Deputy Director of the U.S. CIA and a founding leader of the NGA.

Advisor: Joanne Isham (former Deputy Director, US CIA · NGA founding leadership)

AI-assisted engineering simulation platform for FEA, CFD, and CAD design, built by a team from Stanford engineering and a former NASA simulation team.

Stanford engineering & ex-NASA simulation team

One of the largest data analytics platforms for the TikTok and short-video e-commerce ecosystem, powering product selection and ad-placement decisions for global brands and creators.

A leading domestic manufacturer of cadmium telluride (CdTe) thin-film solar modules, positioned for the BIPV (building-integrated photovoltaics) and differentiated solar markets.

An AIoT SoC chip design company whose products cover edge AI vision applications including drones, smart imaging, and robotics.

A multi-cancer early detection company based on ctDNA methylation, with PanSeer as its flagship technology pipeline and dual headquarters in China and the U.S.

A maker of on-device voice AI chips (the CSK series) for offline voice interaction in smart speakers, home appliances, wearables, and similar applications.

A domestic developer of high-performance GPGPU (general-purpose GPU) chips for AI training/inference and high-performance computing.

A domestic supplier of RISC-V CPU processor IP and development tools, with products spanning from embedded MCUs to AIoT.

A leading domestic provider of SiC (silicon carbide) MOSFET power devices, serving the new energy vehicle and solar/energy storage power markets.

A global sales leader in the AI smart-earbud category, with AI real-time translation, meeting transcription, and assistant features as its core selling points.

Why we care: Rooted in the iFLYTEK ecosystem, Viaim packages speech transcription, translation and summarization into earbuds, positioning itself at the entry point where meeting and call audio is turned into structured notes and action items — a representative attempt at AI office hardware.

An end-to-end autonomous driving solution provider that has signed a multi-year mass-production framework agreement with Valeo for 2026-2030, positioned as a global supplier of mid-tier intelligent driving.

A semi-solid / solid-state battery company incubated by the Institute of Physics, Chinese Academy of Sciences, positioned for the next-generation power-battery technology roadmap.

Why we care: A solid-state battery company spun out of the Institute of Physics, Chinese Academy of Sciences, focused on high energy density and intrinsic safety. It occupies the materials-and-process link in the industry's transition from liquid to semi-solid and all-solid-state batteries, with vehicle-delivery experience.

A leader in domestic Linux desktop and server operating systems (UOS), and a core OS supplier within China's information technology innovation (xinchuang) ecosystem.

World's first multi-bit RRAM compute-in-memory SoC. The team builds on RRAM compute-in-memory research from UMass Amherst, with founder Yuan Ge being a pioneer in RRAM compute-in-memory.

Glenn Ge 葛源 (CEO) · UMass Amherst PhD · RRAM 存算一体先驱

A pioneer in open-source large-model architecture, challenging the standard Transformer paradigm with its RNN-Transformer hybrid (RWKV), offering structural advantages in long-context handling and inference cost.

A global leader in OLED microdisplay chip design and manufacturing, and a core supplier for VR/AR/MR head-mounted displays. Listed in Hong Kong.

A leading domestic designer of 5G/Wi-Fi RF front-end chips, listed on the STAR Market.

A power-battery swapping and battery-asset-management (BaaS) platform.

蔚来 NIO 旗下 BaaS 子公司 · 沈斐 (CEO) · 李斌生态

FutureX invested across five consecutive rounds from 2018 to 2025. A complete AI product matrix spanning Doubao (700M monthly active users), the Volcano Engine enterprise AI platform, and the Jimeng multimodal generation tools.

Why we care: ByteDance sits at two chokepoints of the consumer internet: content distribution via Douyin/TikTok's recommendation engine, and AI model access via Doubao and Volcano Engine, serving both consumers and enterprises.

张一鸣 Zhang Yiming (founder, ex-CEO) · 梁汝波 Liang Rubo (CEO) · ex-Microsoft / Kuxun / 饭否

AI-driven biologics CDMO.

The world's first AI cognitive-intelligence pet collar.

An agentic AI database foundation (TiDB).

Why we care: Distributed SQL is the layer applications inevitably reach once they outgrow single-node databases. TiDB holds this position with MySQL compatibility and a compute-storage separated architecture, built on an open-source community and monetized through its cloud service.

刘奇 Max Liu (CEO) · 黄东旭 Edward Huang (CTO) · 崔秋 Qiu Cui · ex-NetEase 网易基础架构

AR glasses; winner of a CES 2025 Editors' Choice award.

AI marketing copilot for TikTok.

AI-powered dexterous robotic hands, the Vega series.

Full-stack AI insurance company.

AI security copilot.

David Colombo · TIME 100 Most Influential · 19 yrs old when he remotely accessed 25 Teslas globally

Meitu's AI spin-off, with five products selected for the a16z GenAI Top 100.

美图 Meitu (HKEX 1357) spin-off · 蔡文胜 Cai Wensheng ecosystem · veteran AI imaging team

A global leader in smart-terminal ODM (SSE 603341).

Why we care: A leading consumer-electronics ODM occupying the design-plus-volume-manufacturing layer between device brands and the component supply chain; it is extending its smartphone ODM capabilities into AI glasses, AI PCs and automotive electronics, making it a key node for bringing edge-AI hardware into mass production.

杜军红 Du Junhong (Chairman) · ODM / EMS 资深操盘 · 全球 Top-3 智能终端 ODM

Europe's leading open-source LLM developer; €1.7B Series C at a $12.7B valuation.

Why we care: One of the few independent European labs training frontier models in-house. Its open-weight strategy serves enterprise and government demand for supplier diversification and data sovereignty, making it a principal alternative to US closed-source models.

Arthur Mensch (CEO, ex-Google DeepMind) · Guillaume Lample · Timothée Lacroix (ex-Meta FAIR)

AI-powered fruit-ripeness prediction; $2.16M ARR with Albertsons.

Katherine Sizov (CEO) · Penn dropout · Forbes 30 Under 30 Manufacturing

Hardtech fund founded by SpaceX and Tesla alumni.

Ex-SpaceX & Tesla executives · deep-tech operator GPs

Super Agent, a multi-agent workspace; a unicorn valued at $1.25B.

Why we care: Pivoted from AI search to general-purpose agents, targeting the task-execution entry point for knowledge workers — packaging multi-model orchestration and tool calling into a ready-to-use agent workspace, competing primarily on iteration speed.

Eric Jing (CEO) · Kay Zhu (CTO) · ex-Baidu search executives

A leading domestic designer of 5G/Wi-Fi RF front-end chips, listed on the STAR Market in 2025. FutureX is an early institutional investor, with Huang Kai as lead partner.

A global leader in OLED microdisplay chip design and manufacturing, and a core supplier for VR/AR/MR head-mounted displays. Listed in Hong Kong in 2025. FutureX is an early institutional investor.

An AIOps leader whose AI inspection robot has been validated in data center environments.

Mental-health AI that has released the world's first AI psychological-assessment standard.

An AI finance SaaS with $600K ARR.

Lightweight carbon-fiber composite materials.

An AI customer experience agent with $2M ARR.

A leader in RF surface-acoustic-wave (SAW) filters.

Advanced packaging and equipment.

Domestic industrial CAD/CAE software.

Advanced AI for diagnostic imaging.

Smart home terminal devices.

A developer of heterogeneous integration chips.

Millimeter-wave communication chips.

Intelligent audio SoCs.

MLCC capacitor components.

AI data annotation and training data.

A multimodal AI content platform; the highest token-consuming application on the Doubao LLM.

Industrial mobile robotics.

AI-assisted driving.

AI-powered children's education hardware.

Optical modules and optical communications.

Optical computing chips.

A fabless silicon photonics company whose 5DIPS architecture focuses on AI compute.

One of the world's top 2 open-source LLM middleware platforms; raised a $30M Pre-A round in 2026.

Why we care: An open-source LLM application development platform occupying the orchestration layer between models and applications — bundling workflows, RAG, agents, and observability in one self-hostable stack that lowers the engineering barrier for enterprise AI apps.

Foundation models for time-series forecasting.

A reinforcement-learning (RL) financial simulation sandbox.

AI-powered global exam preparation and training.

An AI-powered fan-fiction writing platform.

An AI go-to-market (GTM) platform.

Automated recovery of AI-driven health insurance denials.

A satellite optical communications network.

AI-powered summarization for long-form learning content.

Wearable 6-lead ECG platform.

AI visual search, ranked #1 on HuggingFace MMMU.

AI-powered legal litigation automation.

An AI sports prediction and Super Agent platform.

An AI-powered personalized learning platform.

Robotics for automating TIL (tumor-infiltrating lymphocyte) cell therapy.

AI-powered retinal screening for early detection of Alzheimer's disease.

Social commerce SaaS for TikTok.

AI companionship app with 1.37M users.

Multi-model orchestration for AI video agents.

AI-powered cultural and art guide.

The world's first agentic AI browser.

AI agent for enterprise security monitoring.

Desktop-level AI agent automation.

Robotics data infrastructure platform.

AI video platform with $39M ARR and 7M users.

China's leading open-source software community and code hosting platform, whose Gitee is the Chinese counterpart to GitHub, serving tens of millions of developers and hundreds of thousands of enterprise users. FutureX Capital is one of its early institutional investors.