Wuxi Bit Songling AI Fund Launched with Initial Capital of 500 Million RMB

On December 12, Yicun Capital Co., Ltd., Wuxi Innovation Investment Group Co., Ltd., and Wuxi Liangxi Science and Technology City Innovation Investment Co., Ltd. announced the establishment of the Wuxi Bit Songling Artificial Intelligence Venture Capital Fund ("Bit Songling Fund"). The fund has completed its business registration, with an initial capital of 500 million RMB. It aims to support pioneering entrepreneurs in the field of artificial intelligence (AI) and foster a generation of top-tier AI companies.

Focus Areas of Investment

Yicun Songling Investment head Zhang Chen highlighted the fund’s strategic focus:

Cognitive and Action AI: Building on advancements in perceptive AI to explore the next generation of AI technologies.

Key Areas:

AI Robotics: Supporting innovative developments in robotics.

AI+Industrial Applications: Enhancing industrial efficiency through AI integration.

AI Infrastructure: Developing robust AI technological foundations.

Investment Philosophy and Track Record

The fund will leverage Yicun Songling’s established AI Three-Step Investment Strategy, which has previously supported groundbreaking projects like:

Visbit Robotics: Innovating in robotics.

Raythink Photonics: Advancing optical technologies.

Micro Source Photonics: Developing cutting-edge photonic solutions.

Founding Partners’ Profiles

Yicun Capital: A key player in AI research and investment, Yicun Capital collaborates with guidance funds, central enterprises, and publicly listed companies. The company has a proven track record of fostering AI ventures across various cycles.

Wuxi Innovation Investment Group (Xichuangtou): A state-owned venture capital institution with a fund management scale exceeding 260 billion RMB, supporting enterprises through their growth stages. It focuses on strategic industries such as:

Biomedicine

Semiconductors

Carbon Reduction and Energy Efficiency

Advanced Manufacturing To date, Xichuangtou has invested in over 1,600 enterprises and contributed to over 110 public listings, including Longda Stock, New Clean Energy, and Angelalign.

Wuxi Liangxi Science and Technology City Innovation Investment Co.: Operating as the venture capital arm of Wuxi Liangxi Science and Technology City Development Group, it specializes in key future industries like:

Low-Altitude Economy

Artificial Intelligence

Spatial Information

Robotics

Intelligent Sensors

Food Technology The group aims to establish a national-level future industry pilot zone while driving the development of Liangxi Science and Technology City.

Vision

By targeting cutting-edge AI technologies and applications, the Bit Songling Fund seeks to:

Accelerate the industrialization of AI technologies.

Establish Wuxi as a key innovation hub for artificial intelligence.

Strengthen collaboration between research, industry, and government initiatives.

The fund is poised to make significant contributions to AI-driven innovation and economic transformation in China.