Horizon starts offering today: Ali and Baidu are the cornerstone investors |

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October 16, 2024

IT 桔子(itjuzi521)

Includes 28 investment/IPO queue events

Horizon, the leading intelligent driving company, is offering shares today: Ali and Baidu are the cornerstone investors.

Horizon Robotics is a provider of advanced driver assistance (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, with proprietary hardware and software technologies.

The company launched its IPO process in Hong Kong on October 16, announcing that it has received about US$220 million in cornerstone investment, including Alibaba, Baidu, CMA CGM Group and a Ningbo municipal government fund.

Domestic investment events

1. Xingdong Era completed nearly 300 million yuan in Pre-A round of financing

Xingdong Era is an emerging technology company incubated by the Institute for Interdisciplinary Information Sciences of Tsinghua University and the Shanghai Institute of Futures and Intelligence, which develops embodied intelligence and general humanoid robot technologies and products. Focusing on the cutting-edge application of general artificial intelligence (AGI), Xingdong Era is committed to the research and development of general-purpose humanoid robots that are suitable for a wide range of fields, multiple scenarios and high intelligence, and strive to realize the beautiful vision of intelligent robots entering thousands of households and integrating into the lights of thousands of homes. The company announced the completion of nearly 300 million yuan of Pre-A financing, this round of investment by Crystal Stream Capital, Yuanjing Capital, Alibaba co-led, Ceyuan Capital followed, the old shareholders Lenovo Venture Capital, Century Jinyuan, Jinding Capital, Zeyu Capital, Qingkong Tiancheng continued to pursue the investment, Huaxing Capital continued to serve as the exclusive financial advisor of this round. This round of financing will mainly accelerate the native breakthrough research and development of embodied intelligence technology and the commercialization process of general-purpose humanoid robots.

2. Qiniu Intelligent was listed for the first time

Based on strong cloud-side integration capabilities and low-code capabilities, Qiniu Intelligence (Qiniu Cloud) is committed to creating one-stop scenario-based intelligent audio and video APaaS services, deeply cultivating video on demand, interactive live broadcast, real-time audio and video, camera cloud and other fields, providing scenario-oriented audio and video services, and empowering the digital transformation of the industry. Today's first listing, the announcement shows that the price per share is HK$2.75, a total of 160 million shares were issued, each lot of 1,000 shares, and the net proceeds were about HK$367.2 million.

3. Space-based Biotech was listed on the New Third Board

Space-based Biotech is a garbage sorting service provider, committed to technology research and development, investment management, equipment manufacturing, operation and maintenance in urban vein industry, waste oil, municipal sewage, municipal sludge and other aspects. Listed on October 16, 2024. According to the announcement, the operating income of space-based biology in 2022 and from January to December 2023 will be 612 million yuan and 807 million yuan respectively, and the net profit will be 37.1302 million yuan and 42.9933 million yuan respectively.

4. Yingxin Resonant completed tens of millions of yuan in angel + round financing

Yingxin Resonant is a MEMS micromirror array chip R&D and manufacturer, mainly engaged in the research and development, design, production and sales of MEMS chips, devices and components, microelectronic devices and components, sensor application system integration, etc. inSync is the world's first core technology of MEMS micromirror array chips, and is the only scanner technology in the industry that can achieve a large aperture of hundreds of square millimeters, retain the advantages of MEMS high integration, low cost, and pass 100% of the automotive-grade AEC-Q100 (1500G Shock Test) standard. Recently, Yingxin Resonant has completed tens of millions of yuan in angel + round of financing, and the investor is Oriza Puhua. It is reported that this round of financing funds will be mainly used to accelerate the company's world's first ultra-large aperture MEMS micromirror array chip and LBS projection display module R&D and commercial mass production and shipment.

5. Oulun Electric was listed on the New Third Board

Oulun Electric is a comprehensive enterprise specializing in the research and development, design, manufacturing, sales and service of air dehumidification, humidification, purification equipment and energy-saving products. Listed from October 16, 2024. According to the announcement, Oulun Electric's operating income in 2022 and 2023 will be 972.4366 million yuan and 1232.5676 million yuan respectively; The net profit was 94.2099 million yuan and 138.1142 million yuan respectively.

6. Shangda shares were listed today at an issue price of 6.88 yuan per share

Shangda Co., Ltd. is an important production and R&D base for key basic materials in the army industry and high-end equipment manufacturing industry, and is a typical mixed-ownership military enterprise with two central enterprises and one provincial state-owned enterprise shareholders. Shangda shares were listed on the Growth Enterprise Market of the Shenzhen Stock Exchange today, the company's stock code is 301522, the issue price is 6.88 yuan per share, and the issue price-earnings ratio is 20.02 times.

7. Yuanheng Technology was listed on the New Third Board for public transfer

Yuanheng Technology is a cooling equipment supplier, now has 120 patented technologies, built a national refrigeration and air conditioning test bench, can carry out full performance testing of cooling towers, cold water (heat pump) units, water source heat pumps, etc., in line with Chinese national standards, United States CTI test standards. Recently, the listing application of Hunan Yuanheng Technology Co., Ltd. (stock abbreviation: Yuanheng Technology) was approved and will be listed on October 16, 2024.

8. TenNor Pharmaceuticals completed more than RMB 300 million in Series E financing

TenEl Therapeutics focuses on bacterial infections and metabolism-related diseases and develops differentiated new drug products, and has entered late-stage clinical trials for common and major diseases such as Helicobacter pylori infection, implantable medical device infection, cirrhosis of the liver, hepatic encephalopathy and irritable bowel syndrome with diarrhoea, and is committed to addressing unmet clinical needs in these areas. Recently, TenNor Therapeutics announced the completion of the first batch of more than RMB 300 million in Series E financing. The financing was co-led by Zhongshan Venture Capital, a subsidiary of Zhongshan Investment Holdings, and AMR Action Fund (AMR Fund), and the proceeds were used to support the late-stage clinical trials and commercialization of the core drug pipeline, including TNP-2198, a new drug candidate for the treatment of Helicobacter pylori infection, and TNP-2092, a new drug candidate for the treatment of implantable medical device infections.

9. Hanbu Lane received angel round financing

Hanbu Xiang is an intangible cultural heritage Korean food brand, the company on the basis of maintaining the authentic taste of the Korean people, the integration of modern food concepts for innovation and improvement, the formation of a unique Korean food practice system. Hanbu Lane recently announced that it has successfully obtained an angel round of financing from Jingsheng Investment. This round of financing not only injected strong impetus into the future development of Hanbu Lane, but also marked a solid step on the road of inheriting and innovating Korean food culture.

10. Hengye Microcrystalline was listed on the New Third Board

Hengye Microcrystalline is a high-tech enterprise focusing on the R&D, production and sales of medium and high-end molecular sieves, and is a leading "high-tech enterprise" with innovative molecular sieve materials in China, and the company's products are widely used in: air separation, petrochemical, environmental protection, clean energy, medicine, biofuel and other fields. Listed on October 16, 2024. According to the announcement, Hengye Microcrystalline's operating income in 2022 and January-December 2023 will be 411 million yuan and 446 million yuan respectively, and the net profit will be 79.6864 million yuan and 60.8611 million yuan respectively.

11. Tiannan Electric Power was listed on the New Third Board

Tiannan Power's main business is the research and development, design, production and sales of power fittings products. The main products are divided into protective fittings, splicing fittings, overhanging wire clamps, tension clamps, connecting fittings and other products, which are widely used in all aspects of power transmission such as power substation, transmission and distribution. Listed on October 16, 2024. According to the announcement, Tiannan Power's operating income in 2022 and January-December 2023 will be 417 million yuan and 490 million yuan respectively, and the net profit will be 56.8514 million yuan and 77.6027 million yuan respectively.

12. Inzheng Gene completed the strategic financing

Ingenomics is a gene editing platform technology solution provider, a gene editing platform technology company, focusing on the development of the underlying technology of gene editing tools. The company has developed a next-generation CRISPR-based gene editing tool that can improve the efficiency and accuracy of gene editing and reduce off-target effects. GenEditBio recently announced the completion of a strategic financing. The investment will be used to further develop and advance gene editing and delivery technologies, advance in vivo research programs, and initiate clinical studies of safety and efficacy in vivo. The financing was invested by AEF Greater Bay Area Venture Fund, a subsidiary of Gobi Greater Bay Area.

13. Taoyuan Technology completed Series A investment

Taoyuan Technology is a solenoid valve test system R & D, the company is engaged in the research and development of solenoid valve test system, intelligent solenoid valve drive module, intelligent solenoid coil and intelligent solenoid valve, "solenoid valve online" platform has become the standard configuration of solenoid valve manufacturers at home and abroad for solenoid valve reliability testing, the first solenoid valve intelligent drive module, intelligent solenoid coil and intelligent solenoid valve at home and abroad have been widely used in the hydraulic industry, pneumatic industry, fluid valve industry. Recently, the high-tech Qifei Fund independently managed by Moganshan Fund and PwC Capital jointly completed the A round of investment in Taoyuan Technology.

14. Juntong Future completed tens of millions of yuan in angel round financing

Juntong Future is an AI digital intelligence security service provider, focusing on the governance and compliance challenges of AI itself, focusing on how to detect the security, reliability and privacy of intelligent models and provide comprehensive model defense enhancement solutions. Juntong's current services comprehensively cover generative large language models and multiple modalities such as images, videos, voices, texts, and tables, and provide integrated governance capabilities for key elements such as data, algorithms, models, and scenarios involved in large models. Juntong Future recently completed tens of millions of yuan in angel round financing. This round of financing was co-invested by Delian Capital and The Link Ventures, with Voyage Capital as the exclusive financial advisor.

15. Lu Milan completed a new round of financing

Specializing in the R&D, manufacturing, sales and service of new OLED materials, Lumilan is positioned as the world's top OLED material supplier, providing a complete set of material and device solutions for customers at home and abroad, and the main products include more than 20 kinds of mass production materials such as charge transport materials, luminescent materials, body materials, and charge barrier materials. Recently, Lu Milan completed a new round of financing, which was led by the Digital Fund of Zhejiang Cultural and Creative Group, and Hengyi Capital served as the exclusive financial advisor.

16. Haitian Silk Road received a capital increase of 1 billion yuan

Haitian Silk Road is a satellite communication operator, whose main business includes domestic very small aperture terminal earth station communication business and Internet access service business, and satellite Internet access operation based on high-throughput satellite coverage access service operation. Recently, Haitian Silk Road plans to increase its registered capital, and Hefei Haitian Silk Road Partnership will increase its capital by 1 billion yuan in cash.

17. Yuntong Technology completed the B1 round of financing of tens of millions of yuan

Yuntong Technology is a semiconductor design company dedicated to the localization of automotive IGBT substitution, the current business is mainly based on the new energy vehicle market, products cover IGBT, MOSFET, power TVS and small power devices, equivalent to 8-inch wafer demand of more than 2000pcs per month, the main customer groups for Sanhua Automobile, Chongqing Chaoli, Xiantu Electronics, Hikang Chituo, Shenzhen Bronze Sword Technology, 871 Factory, Jiangsu Zhonghui, Chuanyi Co., Ltd., etc. Recently, Yuntong Technology completed the B1 round of financing of tens of millions of yuan, and this round of financing was completed by Kaiding Capital and Foshan Talent Group. The financing funds will be mainly used for the research and development of new applications/new products, accelerate the mass production of existing products, and provide support for the company to continue to serve OEMs and help the localization and safety of the new energy vehicle supply chain.

18. Wuxi Industrial Group became a shareholder of SK hynix Wuxi

SK hynix Wuxi is the business company of SK hynix in China, mainly engaged in wafer foundry, semiconductor device manufacturing, and sales. The company has recently received strategic investment from Wuxi Industrial Development Group Co., Ltd.

Foreign investment events

1. Opacity raises $12 million in seed round

Opacity Network是一家零知识证明数据验证平台，该公司的验证数据网络将控制权从平台转移到用户，让用户可以在不牺牲隐私的情况下验证、控制和货币化数据。 近日，Opacity Network 宣布完成 1200 万美元种子轮融资，Archetype 和 Breyer Capital 领投，a16z Crypto Startup Accelerator （CSX）、Finality Capital Partners、Bodhi Ventures 和 Escape Velocity （EV3）参投。

2. Vue Protocol获得600万美元种子轮融资

Vue Protocol是一家Web3社交Layer2解决方案提供商,旨在透过创建一个无缝映射多链关系的去中心化平台,连接Web3原生开发者,赋予用户对其数据的所有权,并整合社交代币,来让社区参与和协作。 近日,Vue Protocol 宣布其在 Pre-Seed 轮和种子轮融资中筹集了 600 万美元,Eureka Capital、PAKA、Genesis Ventures 和 AU21 Capital 参投。

3. The Arena获得200万美元种子轮融资

The Arena是一个Avalanche生态社交协议，旗下推出ARENA代币，是一个建立在Avalanche C链之上的ERC-20资产，将作为治理代币。 The Arena 宣布完成 200 万美元 Pre-Seed 轮融资，Blizzard（Avalanche 生态基金）、Ava Labs 和 Avalanche 领导团队成员、Balaji Srinivasan、Abstract Ventures、D1 Ventures、Saron Funds、Alpha Crypto Capital 以及其他来自 Galaxy Digital、Fenbushi、Republic、Espresso Systems、Efficient Frontier 和 Dao5 的天使投资人参投。

4. AskGene Pharma received a strategic investment of RMB 250 million

AskGene Pharma is a pharmaceutical developer focused on the development of highly differentiated antibodies and fusion protein drugs, and is committed to the research and development of high-quality bioinnovative drugs and biosimilars for the treatment of oncology and autoimmune diseases. Recently, AskGene Pharma received a strategic investment of 250 million yuan, invested by Aosaikang Pharmaceutical and TF Capital.

5. Rivermark raises $30 million in Series C financing

Rivermark, a provider of minimally invasive solutions for benign prostatic hyperplasia, has developed an innovative prostate stent, FloStent, for the treatment of benign prostatic hyperplasia (BPH). Made of nitinol, this stent has a unique design that keeps the prostatic urethra open to restore normal urine flow. RECENTLY, RIVERMARK MEDICAL ANNOUNCED THE CLOSING OF A $30 MILLION SERIES C FUNDING ROUND. The round was led by American Century Investments, including new investors Venture Investors Health Fund, Time BioVentures and an unnamed strategic investor, with participation from existing investors View Ventures, Cadence Healthcare Ventures and Anduril Investors LLC.

6. Recurrent Energy获得5亿美元战略投资

Recurrent Energy is a developer of photovoltaic power plants and energy storage power plants, with solar power plant development and construction projects in the United States and Canada. Since 2009, more than 11 GW of solar photovoltaic power plants and 3.7 GWh of energy storage power stations have been developed and built on six continents around the world. Recently, Recurrent Energy received a $500 million investment from BlackRock, funded by BlackRock's Climate Infrastructure Fund.

7. Galileo raises $45 million Series B financing

Galileo是一家数据工具开发商，致力于为ML开发人员提供下一代数据工具链。 近日，Galileo获得4500万美元B轮融资，Factory Battery Ventures、TheFactory、Walden Catalyst、BV、SentinelOne、花旗Citi Ventures、American Express Ventures、ServiceNow Ventures、Databricks Ventures、PremjiInvest、Scale Ventures投资。

IPO queue

1. Tianmai Thermal Conduction Public Offering

The main business of Tianmai Thermal Conductivity is the R&D, production and sales of thermal conductivity and heat dissipation materials and components, the main products include heat pipes, vapor chambers, thermal interface materials, graphite films, etc., which are widely used in consumer electronics such as smart phones and laptops, as well as security monitoring equipment, automotive electronics, communication equipment and other fields. Today's Tianmai Thermal Conduction Public Offering.

2. Termination of Jianuo Environment

Jianuo Environment is a manufacturer and technical service provider of energy-saving and environmental protection equipment, and its business scope includes: R&D, production, sales, installation and after-sales maintenance services: intelligent garbage sorting equipment, solid waste treatment equipment, domestic waste treatment equipment, automatic sorting special equipment, energy-saving and environmental protection equipment, transmission equipment, industrial automation control system, and power distribution cabinet. Today, Jianuo Environment is terminated.

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