- AI, energy storage, robotics, quantum and advanced manufacturing startups attracted fresh funding to scale technologies and accelerate commercialization
- The latest rounds will fund product development, clinical trials, manufacturing expansion and global growth
SNE Tech raises nearly $74 million, enters pre-IPO financing
Star New Energy Tech (星辰新能), or SNE Tech, has secured almost 500 million yuan ($73.6 million) in a Series A+ funding round to advance vanadium flow battery storage and AI-powered energy management.
The Shaoxing-based company said on July 8 it had completed its third funding round, marking the start of its pre-IPO financing process.
Investors included Shaoxing Xinghui, China Capital, Sichuan Green Development, Eastmoney Investment, ICBC Capital, Long Capital and RS Energy.
SNE Tech develops AI-powered energy storage systems centered on vanadium flow batteries, alongside lithium iron phosphate storage, power station development, intelligent operations and electricity trading.
The proceeds will support R&D in hybrid storage systems, AI operating platforms, power trading technologies and overseas expansion.
MindRank closes $52 million Series B for AI drug discovery
AI drug developer MindRank (德睿智药) has raised a cumulative $52 million in Series B financing to advance its AI platform and oral GLP-1 drug candidate.
Founded in Hangzhou in 2020, MindRank is developing AI-native drug discovery technologies through its Molecule Arts Platform (MAP).
The company said its lead oral GLP-1 receptor agonist, MDR-001, entered Phase III clinical trials in late 2025, becoming China’s first AI-enabled Class 1 innovative drug to reach that stage.
The funding will support platform upgrades and late-stage clinical development ahead of commercialization.
Think Head raises multi-hundred million yuan for high-end machine tools
Chinese precision machine tool maker Think Head (上海星合) has secured several hundred million yuan to expand R&D and overseas commercialization.
The latest round was led by a fund of liquor giant Wuliangye, with listed automation company Megmeet participating.
Founded in 2009, the Shanghai-based company develops precision gear grinding, milling and grinding machines for applications including electric vehicles, robotics and aerospace.
The company says it leads China’s form gear grinding machine market and serves more than 1,000 customers, including BYD, SAIC and Shuanghuan Company.
It plans to accelerate new product development and global expansion, with a 30% growth rate planned for 2026.
Quantum Intelligence Sensing lands angel funding
Quantum sensing startup Quantum Intelligence Sensing (量感智能) has raised tens of millions of yuan in an angel round led by Fortera Capital, followeed by Liuhe Capital.
Incubated by Shanghai Jiao Tong University and founded in 2023, the company develops quantum-enhanced sensing products for inertial navigation and gas monitoring.
It has begun small-scale production and has delivered initial orders to customers including power grid operators and aerospace research institutes.
The fresh capital will support commercialization of its quantum sensing technologies.
MScape secures roughly $15 million for embodied AI infrastructure
Embodied AI infrastructure startup MScape (灵境智源) has completed angel and angel+ rounds of financing totaling more than 100 million yuan ($14.72 million).
The rounds were both led by Matrix Partners China, with strategic participation from Shanghai Minhang State-owned Assets.
Founded in 2025, the company provides domestically developed edge AI software and hardware platforms for humanoid, wheeled and quadruped robots.
It said it has already engaged with more than 300 embodied AI companies and established partnerships with leading robotics manufacturers including Unitree, DEEP Robotics and Galaxea, with over 200 customers deploying its systems at scale.
