2026-09-23 - The Yangtzeer

Today’s Yangtze funding roundup: space tech, semicon, SAF, medtech…

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Companies in satellite communications, power semiconductors, sustainable aviation fuel and medical devices raised fresh capital.

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AI is increasingly moving out of software and into machines that drive, fly, work and interact with the physical world.

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A tether supplies continuous power from the ground, overcoming the flight-time limitations of onboard batteries.

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The 104 Zhejiang companies making the list span internet services, automotive, chemicals, advanced materials and smart manufacturing.

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Its Qwen team plans to train a new model with 5 trillion to 10 trillion parameters as it moves toward artificial superintelligence, or ASI.

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The platform’s customer base had grown sixfold over the past year as AI agents began moving into core business processes.

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Users can activate QwenWork with a single voice command and have the AI turn conversations into tasks, notes and follow-ups.