桑煜此前在商汤和地平线做过算法研发和战略工作,所以他看机器人和智能汽车时,会习惯性地把技术拆到感知、规划、决策、控制这些具体环节,而不是泛泛而谈;他还有一个比较独特的观点,认为大模型的价值不只是让机器更聪明,而是能帮机器人处理那些少见、意外的场景,同时他也把智能汽车看作未来家庭机器人图景的一部分。他和破壳机器人创始人许华哲是清华电子系2012级校友,也是许华哲的第一个投资人,两人的关系更像一起经历了AI行业变化的老朋友,而不只是投资人和创业者。
About their Fund
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.
















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