BlueRun Ventures
About BlueRun Ventures
The firm's AI deals on the Lounge deals desk run from seed rounds to large equity rounds. In January 2026 it led a $10M seed round for Trooly.AI. In September 2026 Violoop closed a $14.9M seed round (CNY 100.0M). In October 2026 BlueRun led an initial equity round of $243M for MHX Technology (Shanghai Mahe Xin Technology) and took part in a Series B for Pongbot, whose round size is undisclosed. TARS raised a $513M seed round in April 2026.
The firm's focus includes seed and Series A rounds. It has also led rounds at the seed stage, and its AI deals include some rounds well above seed size. BlueRun's own check sizes are not public.
- Trooly.AI: seed round of $10M, January 2026, led by BlueRun Ventures
- Violoop: seed round of $14.9M (CNY 100.0M), September 2026
- Pongbot: Series B, amount undisclosed (hundreds of millions of yuan), October 2026
- TARS: seed round of $513M, April 2026
- MHX Technology (Shanghai Mahe Xin Technology): initial equity round of $243M, led by BlueRun Ventures, October 2026
Investing activity
BlueRun Ventures appears in 5 AI deals tracked by the AI Lounge deals desk, rounds totalling $771M, and led 2 of them. The rounds are mostly Seed, Growth and Series B, with a median round size of $243M and the largest at $513M. The most recent are MHX Technology (Shanghai Mahe Xin Technology) (Initial equity round, $243M, Oct 2026), Pongbot (Series B, Hundreds of millions of yuan (undisclosed), Oct 2026) and Violoop (Seed, $14.9M (CNY 100.0M), Sep 2026).
BlueRun Ventures most often invests alongside Hillhouse Capital, Hangzhou Jingtao, Huaye Tiancheng and MiraclePlus, and the companies it backs on AI Lounge are mostly in AI, AI chips / automotive edge AI and AI sports robotics.
Deals
Frequently asked questions about BlueRun Ventures
Does BlueRun Ventures invest in AI startups?
Yes. Its listed AI deals include Trooly.AI, Violoop, Pongbot, TARS and MHX Technology, across AI applications, AI hardware and robotics.
Which AI companies has BlueRun Ventures backed?
Recent AI backings on the Lounge deals desk are Trooly.AI (seed lead, January 2026), Violoop (seed, September 2026), Pongbot (Series B, October 2026), TARS (seed, April 2026) and MHX Technology (initial equity round, led, October 2026).
What stages does BlueRun Ventures invest in?
Its focus tags list seed and Series A. Its AI deals include seed rounds and later-stage rounds such as the Pongbot Series B.
Where is BlueRun Ventures based?
BlueRun Ventures is headquartered in Menlo Park, California, and has a presence in China.
Does BlueRun Ventures lead AI seed rounds?
Yes. It led the seed round for Trooly.AI, a $10M round in January 2026, and it led the initial equity round for MHX Technology.
What AI companies has BlueRun Ventures invested in?
BlueRun Ventures's AI investments include MHX Technology (Shanghai Mahe Xin Technology), Pongbot, Violoop, TARS and Trooly.AI. The 5 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
What stage does BlueRun Ventures invest at?
In the rounds tracked on AI Lounge, BlueRun Ventures has invested at Seed, Growth and Series B, with a median round of $243M. BlueRun Ventures led 2 of those rounds.
Who does BlueRun Ventures co-invest with?
BlueRun Ventures's most frequent co-investors on AI Lounge are Hillhouse Capital (2 deals), Hangzhou Jingtao (1 deal), Huaye Tiancheng (1 deal), MiraclePlus (1 deal) and Li Auto (1 deal).
How can founders reach BlueRun Ventures?
Founders on AI Lounge can see BlueRun Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add BlueRun Ventures to their Investor Pipeline to track the conversation.