First Release | A 90s AI researcher has raised nearly 200 million yuan in funding for Xuntu Technology again

Why did this round of financing attract top VCs to continue investing in XunTu Technology?

The investment community has learned that XunTu Technology (Alpha派) has officially completed nearly 200 million yuan in Series A financing, with a funding lineup featuring “top-tier VC + strategic industrial capital + continued investment from existing shareholders”:

Qiming Venture Partners, Sequoia China, and Hillhouse Capital jointly led the investment, with GF Qianhe, Xincheng Capital (the private equity investment arm of CITIC Capital), and Qingke Holdings participating and enabling industrial synergy. Existing shareholders Zhongding Capital and Jiacheng Capital continued to increase their investments. Huaxing Capital served as the exclusive financial advisor to the company.

This follows the completion of over 100 million yuan in Pre-A financing last October, with XunTu Technology receiving support from top institutions again within just five months. Behind the concentrated bets of investors stands the post-90s leader Li Luodan, who, in his fifth year of entrepreneurship, has led XunTu Technology to excel in the AI investment research domain and move towards becoming a core AI infrastructure in the financial industry.

In the AI era, a productivity revolution is brewing, and the arrival of cyber fund managers is not far off.

A post-90s academic entrepreneur

Serving 80,000 financial researchers

Many disruptive startups begin with a visceral understanding of the industry’s pain points, and this is no exception.

Li Luodan, the founder and CEO of XunTu Technology, is a post-90s entrepreneur. He obtained a Bachelor’s degree in Industrial Engineering from Purdue University and a Master’s degree in Public Policy from the University of Chicago. Before founding XunTu Technology, Li Luodan was the founder of the digital research center and deputy director of the research department at a leading public fund company.

At that time, situated in the heart of finance, Li Luodan keenly felt that in this knowledge-intensive industry, financial institutions urgently needed a digital investment research brain that could truly penetrate information noise. Thus, in 2021, XunTu Technology was born.

From the very beginning, XunTu Technology focused on the core business of investment research, not trying to cover everything but rather achieving “doing 1,000 small things at a score of 95” with a pragmatic approach. XunTu Technology’s flagship product, Alpha派, was the first to successfully run the complete chain of AI commercialization, achieving a leap in institutional investment research efficiency. A set of data shows that Alpha派 has cumulatively served over 80,000 investment researchers, covering more than 6,000 institutions, with a penetration rate of 90% among top institutions, establishing a long-term leading advantage.

Today, thanks to continuous breakthroughs in large models and Agent technology, Alpha派 has evolved from a single efficiency tool to an “AI researcher” that understands business and users, showing strong growth momentum. With the ongoing strengthening and spillover of AI capabilities, Alpha派’s customer base is also accelerating its expansion into primary markets, banking, insurance, and other broader financial scenarios, opening up a wider market space.

It is reported that in the recently concluded 2025, the human-computer interaction volume of Alpha派’s AI Agent applications has shown exponential growth, and industry research habits are exhibiting significant migration signals, indicating that Alpha派 is steadily evolving into a new generation of entry points for investment research.

Thus, as one of the few applications in the industry to successfully implement AI technology in investment research scenarios, XunTu Technology has naturally garnered concentrated favor from investors.

In this recent financing round, XunTu Technology gathered top VCs and industrial investors, while looking back a few months to October 2025, XunTu Technology just completed over 100 million yuan in Pre-A financing, attracting investors like Hillhouse Capital, Sequoia China, Zhongding Capital, and Jiacheng Capital.

A closer look reveals that this is already the second investment by Sequoia China, Hillhouse Capital, Zhongding Capital, and Jiacheng Capital in XunTu Technology, which is significant.

Welcoming the year of AI application explosion

As we stand on the eve of a singularity, some changes are already occurring.

In the past six months, Qiming Venture Partners’ managing partner Zhou Zhifeng observed significant breakthroughs in five major directions of AI: more capable thinking, better task execution, ability to see and hear, lower costs, and local operation. Qiming Venture Partners predicts that 2026 will be the year of explosive growth in vertical AI applications.

The financial industry may be the first to embrace this explosive potential due to its large market size, solid data foundation, high labor costs, and its historical role as a pioneer in adopting new technologies, all determining that finance is the optimal track for vertical AI implementation. A project leader at Hillhouse Capital also expressed a similar view: the financial industry, as one of the vertical fields with the highest knowledge density and most complex workflows, is ushering in an opportunity for infrastructure-level reconstruction.

Opportunities always belong to those who first hear the wind. “All along, we have been optimistic about technology, believing that the arrival of AI is not about replacing humans but about reshaping and amplifying human value in all aspects. AI cannot exist without people, and AI companies must evolve in collaboration with traditional institutions, while vertical AI must integrate and develop with platform entry points,” said Li Luodan.

Based on this judgment, XunTu Technology is fully advancing its Agent ecosystem co-construction strategy. Over the past year, XunTu Technology has established close cooperation with more than 40 brokerage research institutes and data service providers to jointly explore service standards in the Agent era and new business models under the Token economy.

“With outstanding business judgment and execution, XunTu Technology has accurately positioned itself to seize opportunities, becoming the core AI infrastructure for the daily operations of financial institutions,” stated Qiming Venture Partners. The project leader at Hillhouse Capital also believes that XunTu Technology has demonstrated astonishing evolutionary speed over the past six months, with Alpha派 not only completing the leap from efficiency tool to AI researcher but also pioneering a new paradigm of collaboration between buyers and sellers and human-computer synergy through its Agent ecosystem co-construction strategy.

It cannot be ignored that products and services are rapidly evolving. After five years of entrepreneurship, Li Luodan clearly understands that enterprises can only find a way out by relying on originality and differentiation, while industries can only accelerate transformation through horizontal and vertical interactions. Therefore, the addition of industrial capital in this round of financing will undoubtedly provide solid industrial resource support for XunTu Technology’s Agent ecosystem co-construction network.

Xu Hao, general manager of GF Qianhe’s New Economy Division, stated that they will continue to support XunTu Technology in continuously enhancing the coverage of investment research workflows and asset classes, as well as rapidly advancing their overseas strategy. Zhao Lei, a partner at Xincheng Capital, mentioned, “We look forward to leveraging Xincheng Capital’s global resource network and comprehensive industrial ecosystem to help XunTu Technology build a new generation of AI agent systems serving global investors.”

In the view of Ni Zhengdong, chairman of Qingke Holdings, XunTu Technology is a representative of dual-competence enterprises that understand both technical depth and industrial pain points. “Qingke will rely on over 20 years of resource accumulation in the equity investment ecosystem to assist XunTu in building a new service paradigm for the AI Agent era.” Similarly, Qin Chuan, a partner in the investment banking division of Huaxing Capital, stated that they will continue to rely on Huaxing Capital’s ecological network and capital strength to fully support XunTu Technology in deepening financial AI’s industrial synergy and ecological co-construction.

As the old order of the financial industry fades into the background, the curtain of a new era slowly rises. This time, XunTu Technology stands in the spotlight.