Is Lanchi Ventures intensifying its focus on Chinese AI and robotics start-ups with a new fund?

Lanchi Ventures, a Chinese venture capital firm, is intensifying its investment in the country’s artificial intelligence and robotics start-ups by launching a new fund. This move comes amidst growing global interest in early-stage tech firms in China. The firm, previously known as BlueRun Ventures China, remains committed to AI and robotics, with a focus on AI applications, multimodal AI models, and companies targeting international markets. Lanchi Ventures manages over 15 billion yuan (approximately US$2.1 billion), with a significant portion dedicated to AI investments. Its portfolio includes companies like Moonshot AI, Genspark, Galbot, and AgiBot. The firm is particularly interested in Chinese embodied AI start-ups due to the country’s rich data environment and the potential for advanced robotic applications in manufacturing. Co-founder Jui Tan believes that China’s data advantage may even surpass that of the United States, providing a competitive edge. Despite AI being in its nascent stages, Lanchi Ventures anticipates numerous new applications and capabilities to emerge in the future.