Shenzhen Angel Fund of Funds has the mission of "leading the angel investment industry and cultivating outstanding start-ups". Since its establishment three years ago, it has actively integrated innovative entities such as domestic and foreign high-quality investment institutions, well-known universities, scientific research institutes, and large enterprise innovation centers to recruit innovative resources, guide equity sub-funds to invest in angel-stage projects in strategic emerging industries and future industries, and strive to provide a full range of value-added services for projects to help Shenzhen build a full-process innovation ecological chain of "basic research + technical research + industrialization of results + financial technology and finance + talent support". A large number of projects invested by equity sub-funds have received high valuation follow-up investments from outstanding investment institutions in the short term. As of the end of April 2021, the sub-funds have invested in 308 projects with an investment amount of more than 3.3 billion yuan, of which projects that have obtained follow-up financing account for about 29%. Among the projects invested by the equity sub-funds, 15 "potential unicorn companies" with valuations exceeding US$100 million have emerged, among which the project with the highest valuation has exceeded US$400 million. Brief introductions to relevant “potential unicorn companies” are as follows (in no particular order):
1. Shenzhen Simou Information Technology Co., Ltd.
Sub-funds investing in this project: Cornerstone Angel Fund, Songhe Angel Fund
Shenzhen Simou Information Technology Co., Ltd. ("Simou Technology" for short) was established in December 2019. It is the industry's leading full-chain AI cutting-edge technology company, dedicated to the research and development and large-scale commercialization of a new generation of visual AI system architecture in the fields of intelligent manufacturing and ultra-high-definition video. Simou Technology aims to break through the limitations of single algorithm capability upgrades through AI system architecture, solve the problem of lack of manpower and shallow intelligence in economic life, and help industrial customers achieve comprehensive digitalization, automation and intelligence.
The core team of Simou Technology has been deeply involved in the field of computer vision for more than 20 years. The founder, Professor Jia Jiaya, is a tenured professor of the Chinese University of Hong Kong, an IEEE academician, a member of the "Artificial Intelligence Innovation and Development" expert group of the Ministry of Education, and a core expert of the "New Generation Artificial Intelligence" major project of the Ministry of Science and Technology. He has served as a high-level outstanding scientist at Tencent and the co-director of Youtu X-Lab. CEO Shen Xiaoyong is a Ph.D. from the Chinese University of Hong Kong, a former Tencent T4 expert researcher, and former overall director of Youtu X-Lab R&D.
Simou Technology's business covers Chinese and overseas markets, and its cooperative customers come from multiple industries such as consumer electronics, automobiles, semiconductors, new energy, radio, film and television, culture, education and tourism, and intelligent transportation. At present, the company has reached cooperation with more than 100 industry leading companies such as Carl Zeiss, Schaeffler, Airbus, Bosch, Everview Lithium Energy, and Continental Automobile.
2. Muxi Integrated Circuit (Shanghai) Co., Ltd.
Sub-fund investing in this project: Zhen Angel Fund
Muxi Integrated Circuit (Shanghai) Co., Ltd. (referred to as "Muxi Integrated Circuit") was established in September 2020. It is a high-tech company dedicated to providing research, development and sales of high-performance GPU chips and solutions with completely independent intellectual property rights for various applications such as heterogeneous computing.
The members of the core team of Muxi IC have an average of nearly 20 years of experience in related product fields. They have led the research and development of more than ten world-leading high-performance GPU products, including core IP design, GPU mass production delivery, and ecological market application development of high-performance GPU products. They are a team with rich design and industrialization experience.
In the process of product research and development, in order to widely recruit outstanding talents in the industry and facilitate in-depth industry-university-research cooperation with universities across the country, Muxi Integrated Circuit has established subsidiaries as R&D centers in Beijing, Shenzhen, Nanjing, Chengdu and Hangzhou, and works closely with universities to carry out forward-looking research and expand the company's talent reserve. Muxi Integrated Circuit has initially established cooperative relationships with target customers such as server OEMs, big data centers, and Internet operators. In the future, it will fully promote the construction of the upstream and downstream industry ecology.
3.Beijing Ruilai Intelligent Technology Co., Ltd.
Sub-funds investing in this project: Cornerstone Angel Fund, Songhe Angel Fund, Huaize Zhongzhao Angel Fund (Qianhai Fund of Funds)
Beijing Ruilai Intelligent Technology Co., Ltd. (referred to as "Ruilai Intelligence") was established in July 2018. It is Asia's largest provider of third-generation secure and controllable artificial intelligence technology and industry solutions. Based on safe and controllable core algorithm technology, Ruilai Intelligence improves the reliability and security of enterprise-level artificial intelligence solutions, is committed to building a safe and controllable artificial intelligence application ecosystem, and promotes the implementation of artificial intelligence in new key application scenarios. On the one hand, Ruilai Intelligence solves security problems caused by the application of artificial intelligence technology by improving the security of artificial intelligence itself, and detects and prevents artificial intelligence system vulnerabilities and abuse risks; on the other hand, it empowers high-value industries through safe and controllable artificial intelligence, serving finance, industry, public governance, energy, manufacturing, the Internet and other fields.
The core technical team of Ruilai Smart comes from the Artificial Intelligence Research Institute of Tsinghua University. The founder, Academician Zhang Bo, is the dean of the Artificial Intelligence Research Institute of Tsinghua University. He has been engaged in research on artificial intelligence theory, technology and application for a long time. He was elected as an academician of the Chinese Academy of Sciences in 1995 and is one of the pioneers in the field of artificial intelligence in my country. Professor Zhu Jun, a member of the founding team, is the director of the Basic Theory Research Center of the Institute of Artificial Intelligence of Tsinghua University. He is mainly engaged in basic theories such as machine learning and Bayesian statistics, efficient algorithms and applied research in related fields.
4.Shanghai Denglin Technology Co., Ltd.
Sub-fund investing in this project: Guangyuan Angel Fund
Shanghai Denglin Technology Co., Ltd. (referred to as "Denglin Technology") was established in November 2017. It is a high-tech company focused on providing high-performance, energy-efficient and programmable general artificial intelligence computing platforms for the data center and cloud markets. Denlin Technology's independently innovative MinskyTM architecture (a software-defined heterogeneous artificial intelligence computing platform) can better solve the dual problems of versatility and high efficiency. On the premise of providing Cuda/OpenCL hardware acceleration capabilities, it fully supports various current mainstream artificial intelligence network frameworks and underlying operators.
Denglin Technology is the only cloud AI solution technology company in China that relies on independent innovation to build the core technology of GPGPU (General Graphics Processing Unit) and successfully commercializes products in multiple industry application scenarios. Denlin Technology's GPGPU+ series products pioneer a new generation of AI general-purpose processors/accelerators, successfully filling the commercial, technical and product gaps in the domestic high-performance GPGPU field.
5. Tianjin Tianbing Aerospace Technology Co., Ltd.
Sub-fund investing in this project: Inno Angel Fund
Tianjin Tianbing Aerospace Technology Co., Ltd. (hereinafter referred to as "Tianbing Technology") was established in April 2019. Along with the wave of global commercial aerospace development, Tianbing Technology is based on aerospace and oriented to the world. It adheres to the innovative concept of "gathering creative elites and establishing aerospace vanguards" and implements the corporate mission of "leading the fifth transportation revolution of mankind". It is determined to make faster, farther and more economical rail transportation, intercontinental transportation and interstellar transportation services gradually enter public life.
Tianbing Technology is the only high-tech enterprise in my country's commercial aerospace field that develops new generation liquid rocket engines and medium and large liquid launch vehicles. Its core team is senior experts from China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation and other companies. Tianbing Technology has nearly a hundred front-line aerospace technical and management backbone talents, with an average age of 38 years old, 67% of whom have senior professional titles or above, and 95% of whom have a master's degree or above. Tianbing Technology has developed around the dual-wheel propulsion of "Tianhuo" series engines and "Tianlong" series of liquid launch vehicles. Its founder, Kang Yonglai, once served as model chief engineer and researcher of the Aerospace Science and Technology Group. He has won the Long March Award (5 times), the National Defense Science and Technology Progress Award (4 times), the China Aerospace Fund Award, and the Aerospace Science and Technology Group Innovation Award.
6. Shenzhen Yinuowei Pharmaceutical Technology Co., Ltd.
Sub-funds investing in this project: Lihe Angel Fund, Huagai Angel Fund
Shenzhen Yinuowei Pharmaceutical Technology Co., Ltd. (referred to as "Yinuowei Pharmaceutical") was established in May 2015. It is a biotechnology company dedicated to developing a new generation of genetically modified herpes oncolytic viruses as cancer therapies. Based on its OvPENS (OV+ Potent, Enabling, Novel & Safe) platform, Innomicro has developed and constructed a complete set of scientific logic, R&D technology and production processes to support the development and commercialization process of oncolytic virus anti-tumor single drugs and combination drugs. The OvPENS platform includes five major modules: basic research, patented technology, genetic recombinant technology, production technology and commercial analysis, enabling the preclinical and clinical research and development of efficient, safe and innovative new generation oncolytic viruses.
7.Beijing Qingwei Intelligent Technology Co., Ltd.
Sub-fund investing in this project: Songhe Angel Fund
Beijing Qingwei Intelligent Technology Co., Ltd. ("Qingwei Intelligence" for short) was established in March 2020 and is the world's largest reconfigurable computing chip company. Reconfigurable computing chip is a new chip architecture technology that can flexibly reconstruct hardware resources according to different application requirements. It also has the advantages of general computing chip flexibility and application-specific integrated circuit efficiency.
Qingwei Intelligent Technology originated from the Tsinghua Reconfigurable Laboratory established in 2006. It has published more than 200 relevant papers in authoritative international magazines and international conferences, and has obtained more than 200 invention patent authorizations. It has comprehensive and independent intellectual property rights in this field, and has won many awards such as the National Technology Invention Award, the China Patent Gold Award, and the ACM/IEEE ISLPED Design Competition Award. Qingwei Intelligent currently has 150 employees. The core technical team comes from the Institute of Microelectronics of Tsinghua University and has chip, software, algorithm and system research and development capabilities. More than 70% of the employees have a Ph.D. Currently, Qingwei Intelligence has established branches and R&D institutions in Beijing, Shanghai, Shenzhen, and Nanjing, and has established joint laboratories or established in-depth cooperative relationships with first-class scientific research institutions or universities such as the Chinese Academy of Sciences, Tsinghua University, and George Tech University.
Qingwei Intelligence provides chip products and solutions based on the device side and extending to the cloud side. For the two major application scenarios of voice and vision in terminal products, two chip products, the ultra-low-power intelligent voice SoC chip TX210 and the intelligent vision SoC chip TX510, were launched, with shipments of nearly 10 million in 2020. The remaining series of chips will also be launched one after another. At the same time, it is also actively developing the cloud market. It has completed technical pre-research and technical architecture verification.
8. Shenzhen Bosheng Optoelectronics Technology Co., Ltd.
Sub-funds investing in this project: Lihe Angel Fund, Qingsong Angel Fund, Red Earth Angel Fund (Shenzhen Venture Capital), Qirong Angel Fund (TusStar)
Shenzhen Bosheng Optoelectronics Technology Co., Ltd. ("Bosheng Optoelectronics" for short) was established in December 2018. It is a high-tech optoelectronic semiconductor enterprise with leading technology. It is committed to providing next-generation high-performance VCSEL optical chips, equipment and accessories solutions for 5G optical communications, consumer optical communications, smart cars, consumer electronics, smart Internet of Things and industrial intelligence.
Bosheng Optoelectronics' current products mainly include: 14Gbps/25GbpsNRZ/50Gbps PAM4 high-rate data transmission VCSEL optical chips for optical communications, high-power lidar VCSEL optical chips for smart car assisted driving/autonomous driving systems, and high-performance 3D sensing VCSEL optical chips for consumer electronics, smart IoT and industrial intelligence. Bosheng Optoelectronics has rich accumulation of VCSEL optical chip technology and reserves the next generation core patented technology HCG (High Contrast Grating). HCG brings fundamental improvements to the existing DBR structure VCSEL from the underlying structure. It replaces the existing more than 100 layers of DBR mirrors with a single-layer HCG grating, which greatly improves the performance of the optical chip, simplifies the VCSEL epitaxial structure, shortens the epitaxial growth time, and improves production efficiency.
Professor Chang Ruihua, the founder of Bosheng Optoelectronics, is an academician of the American Academy of Engineering and the president of the Optical Society of America. He is a world-renowned authoritative expert in the field of optoelectronic semiconductors. He has focused on VCSEL materials and application research for more than 30 years and has made pioneering contributions to the physics, design, materials, and applications of VCSELs. Bosheng Optoelectronics has an outstanding team in the industry, which come from well-known domestic and foreign universities such as Tsinghua University and the University of California, Berkeley, as well as leading companies in the industry. They have made outstanding achievements in the field of optoelectronic semiconductors and have rich experience in R&D, production, and operations. Bosheng Optoelectronics is headquartered in Shenzhen, and has established R&D, production, testing, and operation teams and corresponding facilities in California, the United States, Jiaxing, Zhejiang, and Taiwan, China.
9. Shenzhen Guangjian Technology Co., Ltd.
Sub-fund investing in this project: Tongwei Angel Fund
Shenzhen Guangjian Technology Co., Ltd. ("Guangjian Technology" for short) was established in June 2018. It is a company focused on providing full-stack 3D vision solutions. Guangjian Technology applies the world's cutting-edge nano-optical technology to the field of 3D vision. Its independently developed wavefront modulator (WFP) is an internationally advanced consumer-grade nano-photonic chip. Combining self-developed 3D vision algorithms, Guangjian Technology has realized the world's first 3D structured light solution and high-precision ToF solution that does not rely on VCSEL (vertical cavity surface emitting laser), with the advantages of high precision, low cost and mature supply chain.
Guangjian Technology currently has marketing, R&D and production centers in Shenzhen, Shanghai and Chongqing, and has built a core R&D team of more than 100 people including optics, circuits, software and algorithms. The three founders of Guangjian Technology graduated from Tsinghua University, Stanford University and University of California, Berkeley respectively. They have worked for well-known companies in the industry and have rich scientific research results and development experience. Within three years of its establishment, Guangjian Technology has owned more than 200 patents and developed a full-stack 3D vision solution with independent intellectual property rights from underlying hardware modules to 3D vision algorithms. Based on this, Guangjian Technology has developed a series of products such as Aurora series structured light modules and Stellar series ToF modules, which have been applied in fields such as payment and logistics, and have excellent mass production supply and practical implementation capabilities.
Guangjian Technology is committed to enabling the large-scale application of 3D vision technology in the tens of billions of dollars market composed of intelligent terminals, AR/VR, AIoT, robot vision, new retail and other fields. Since its establishment three years ago, Guangjian Technology has achieved a three-level leap from ideas to solutions to products, showing great development potential. In the future, Guangjian Technology will continue to focus on technology research and development, and comprehensively promote the innovative development of 3D vision in various industries through the integration of industry, academia and research.
10. Shupeng Technology (Shenzhen) Co., Ltd.
Sub-funds investing in this project: Cornerstone Angel Fund, Songhe Angel Fund
Shupeng Technology (Shenzhen) Co., Ltd. ("Shupeng Technology" for short) was established in June 2018. It is a leading data security technology innovation company dedicated to providing enterprises with next-generation data security solutions that comply with zero-trust architecture standards.
The core team members of Shupeng Technology come from world-renowned companies such as Baidu, Tencent, Google, and SAP. They have rich experience in the fields of infrastructure, security, and enterprise services, and are well versed in large-scale distributed system engineering and cutting-edge security technology. Through the research and development of zero-trust data security platform, Shucan Technology helps enterprises quickly complete digital transformation and infrastructure upgrades required in the cloud era, and achieve global borderless data security.
11. Shenzhen Ansijiang Technology Co., Ltd.
Sub-fund investing in this project: Huagai Angel Fund
Shenzhen Ansijiang Technology Co., Ltd. (referred to as "Ansijiang Technology") was established in June 2018. The company is headquartered in Shenzhen and has branches in Shanghai, Nanjing and the United States. The company is committed to becoming a leading enterprise in the field of 3D sensing/intelligent hardware, providing first-class 3D sensing overall solutions for smart terminals such as mobile phones/tablets/PCs, as well as facial payment, security monitoring, smart cities, smart driving, AR/VR and robots and many other industries.
The founding team of Ansijiang Technology comes from leading enterprises and scientific research institutions in the industry such as Huawei. The core members graduated from well-known universities such as Tsinghua University, Zhejiang University, and University of Science and Technology of China. Ansijiang Technology independently designed key core components, with human eye safety protection circuit design; independently developed key mass production equipment, and has large-scale fully automated production capabilities.
12. Shenzhen Yuanxing Gene Technology Co., Ltd.
Sub-fund investing in this project: Yuansheng Angel Fund
Shenzhen Yuanxing Gene Technology Co., Ltd. (referred to as "Yuanxing Gene") was established in August 2015. The company's predecessor was the genetic drug R&D center of Shenzhen Yuanxing Biomedical Technology Co., Ltd. established in 2000. It focuses on viral vectors (including adenovirus, lentivirus, poxvirus, herpes virus, Adeno-associated virus) and mRNA gene therapy, gene vaccines and other biological products, R&D, production and technical services. It is one of the few viral vector CDMO preparation platforms in China that is equipped with double submission of IND for gene drugs in China and the United States, GMP production of clinical phase I/II/III samples and production of marketed products. Yuanxing Gene has an 8,000-square-meter GMP workshop and has completed IND applications for more than ten genetic drugs. Its customers include R&D institutions and pharmaceutical companies in China, Russia, France, and Japan.
Yuanxing Gene's GMP production management team is rich in experience, and its core R&D team has more than 20 years of experience in the research and development of viral vector drugs. Chairman Dr. Zhou Xiangjun holds a PhD in biomedicine from the University of Hawaii. He completed postdoctoral training at the Department of Medicine at Stanford University in the United States and was a professor at the School of Pharmacy at Shanghai Jiao Tong University.
13.Beijing Tage Zhixing Technology Co., Ltd.
Sub-fund investing in this project: Huaize Zhongzhao Angel Fund (Qianhai Fund of Funds)
Beijing Tage Zhixing Technology Co., Ltd. (referred to as "Tage Zhixing") was established in October 2016. It is a high-tech enterprise focusing on the research and product development of unmanned driving technology for mining vehicles and the design and implementation of overall engineering solutions for unmanned mines. Tage Zhixing has launched a vehicle-ground-cloud collaborative smart mine unmanned transportation system, realizing a full-stack unmanned transportation solution consisting of cloud intelligent dispatch management, 4G/5G Internet of Vehicles communications, intelligent roadside units and vehicle-mounted intelligent terminals.
Tage Zhixing has a senior management team with a comprehensive background in technology, engineering, and industry resources. The founder and chief scientist, Professor Yu Guizhen, is a permanent professor at Beihang University, a doctoral supervisor, and a leader in mass entrepreneurship and innovation of the Ministry of Science and Technology. He has been engaged in vehicle intelligence research for more than 10 years, undertaken more than 10 national and provincial level projects, applied for more than 50 patents, and has rich experience in vehicle intelligence and other fields.
Tage Zhixing chose to implement autonomous driving in the mining scene. This scene has the characteristics of low speed, closed, transporting goods but not people, prominent customer pain points, high demand for safe production, and high transportation cost. After years of operation in real mining areas, Tage has created a full-stack driverless solution that can handle different vehicles and is highly flexible. At present, the product solution can be deployed in a modular manner, achieving comprehensive engineering implementation, and has the ability to replicate at scale.
14. Noling Technology (Nanjing) Co., Ltd.
Sub-fund investing in this project: Guangyuan Angel Fund
Noling Technology (Nanjing) Co., Ltd. ("Noling Technology" for short) was established in September 2018. It is a fabless IC design company with R&D centers or sales agencies in Beijing, Shanghai, Shenzhen, Nanjing and California, USA. It is committed to developing the best solutions in the field of Internet of Things communication SoC, while helping customers achieve significant cost and performance advantages. Noling Technology has top talents in radio frequency simulation, baseband communication systems, GNSS, SoC systems and software, and is a pioneer in exploring fully integrated, low-power wireless SoC solutions that meet the needs of IoT. The product currently launched by Noling Technology is the Internet of Things system-level chip NB-IoT SoC, which serves a wide range of fields including smart cities, smart animal husbandry, and asset tracking.
Nolin Technology CEO Wang Chengzhou is the former co-founder of Espressif Systems. He is an industry expert in the radio frequency field. He has held senior technical positions in leading foreign industry companies, leading and being responsible for the design of various types of Wi-Fi radio frequency chips and high-speed SerDes chips. The cumulative mass production of related products has exceeded 100 million.
Noling Technology's products have unique advantages in high integration of communication and conduction, and have certain technical barriers. The NB-IOT chip developed by Noling Technology integrates communication, positioning, radio frequency transceiver and PMU, and has a leading position in the industry. Compared with similar products with external positioning modules for IoT chips, Noling Technology's products have the advantages of simple design and low cost. Related products have begun mass production and shipment in the second quarter of 2021.
15. Shenzhen Zhixing Technology Co., Ltd.
Sub-fund investing in this project: Cornerstone Angel Fund
Shenzhen Zhixing Technology Co., Ltd. (referred to as "Zhixing Technology") was established in January 2018. It is a full-stack privacy computing technology and infrastructure provider. It was founded by Professor Chen Kai, Vice Chairman of the Hong Kong Society of Artificial Intelligence and Robotics, a world authoritative expert in the field of network and AI systems, and the Hong Kong University of Science and Technology. It is committed to applying the latest results of privacy computing, federated learning and high-performance AI computing power to finance, medical, government and other industries.
As the first company in China to explore the implementation and application of privacy computing technology, Zhixing Technology has reached in-depth cooperation with more than 30 leading companies and partners in the financial and medical fields to jointly promote artificial intelligence practice, industry standard formulation and commercialization in the field of data security.
