# Zhongguancun Independent Innovation Fund

> Zhongguancun Independent Innovation Fund is a VC fund backing Software and Data Integration. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Oct 2023
- Lead investor: 0%
- Last updated: Aug 2026

Zhongguancun Independent Innovation Fund is a investment fund.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 33% |
| Data Integration | 1 | 33% |
| Machine Learning | 1 | 33% |
| Artificial Intelligence | 1 | 33% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 33% |
| Funding Round | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zhipu AI | Zhipu AI develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, andAutoGLM, a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Zhipu AI supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models. |  |  | Oct 20, 2023 |  |
| Zhipu AI | Zhipu AI develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, andAutoGLM, a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Zhipu AI supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models. |  | Series B | Sep 09, 2023 |  |
| Z.ai | Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models. |  | Series B |  |  |

3 of 3 investments shown.

## Co-investors
- [Kingsoft](https://shizune.co/investors/profile/kingsoft) — VC Fund, 3 deals together
- [Legend Capital](https://shizune.co/investors/profile/legend-capital) — VC Fund, 3 deals together
- [Meituan](https://shizune.co/investors/profile/meituan) — VC Fund, 3 deals together
- [Tencent](https://shizune.co/investors/profile/tencent) — VC Fund, 3 deals together
- [Xiaomi](https://shizune.co/investors/profile/xiaomi) — VC Fund, 3 deals together
- [Alibaba Group](https://shizune.co/investors/profile/alibaba) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Zhongguancun Independent Innovation Fund invest in?

Zhongguancun Independent Innovation Fund invests primarily in Software, Data Integration and Machine Learning startups, most often at Series B and Funding Round stage. Most of the 3 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Zhongguancun Independent Innovation Fund last invest?

The most recent investment recorded for Zhongguancun Independent Innovation Fund closed in Oct 2023. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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