Several AI companies secured funding of over 100 million yuan within the month.

In May, the most significant characteristic of China's AI venture capital market was the continued strengthening of the Matthew effect, with industry capital resources rapidly converging towards leading companies. For example, Dark Side of the Moon completed a new round of financing of approximately $2 billion in early May, bringing its post-investment valuation to over $20 billion. This is Dark Side of the Moon's largest single financing since its inception and one of the largest private equity financings for a large-scale model startup in China to date. Dark Side of the Moon's total financing amount has now exceeded 37.6 billion yuan. While the large-scale model sector is maturing, investment and financing activity in the embodied intelligence field is frequent. Since May, several high-quality companies have successively secured large-scale financing—Companies such as Feijiekesi and Moushen Intelligence have completed financing rounds of over 100 million yuan, while projects such as VitaPower and Luming Robotics have also completed large-scale financing transactions in quick succession, indicating a continued rise in investment activity in the sector. (Securities Daily)