Yunqi Partners is a venture capital fund that works closely with universities and researchers—running a joint fund with Shanghai Jiao Tong University to invest before companies are even formed—and organizes its focus into three layers: core AI models and applications, expansion-stage infrastructure like compute and semiconductors, and future bets like commercial space, nuclear energy, and quantum computing, paired with unusually deep technical diligence, as one founder recalled that Yunqi's managing partner was the first investor to actually review their source code. The firm also stands out for staying invested over many years, joining six rounds in MiniMax and backing Manycore before its first fund had even closed after spotting its GPU cloud rendering potential in 2013, while staying hands-on enough to help shape company strategy and products, and building ties with MIT and its own programs to connect with new generations of technical founders.