Guanghe Ventures' Zhu Jia on investing up the AI stack from terminals to chips
In an interview with Cyzone, Guanghe Ventures partner Zhu Jia described the firm's hard-tech method of starting from downstream end products and working upstream through the supply chain, citing investments in MetaX, Unitree Robotics, Zhipu AI, Hesai and Innolight. The article says the firm recorded 10 portfolio IPOs in the past 18 months and in April closed more than RMB 5 billion across two dual-currency funds. Zhu summed up his approach as backing the number-one player in any large细分 market, and said the team had already made early bets such as X Square Robot before embodied-AI valuations heated up; he also discussed slower-developing portfolio company Yunmai Xinlian.
The interview offers a view of how one Chinese hard-tech VC is mapping and funding key links of the AI and embodied-intelligence supply chain.