Ming Jin

Tech Banker | Founder of Cygnus Equity (a leading boutique IB with over $20 billion in transaction volume)| Worked for Providence Equity, Warburg Pincus and UBS

[Ming Jin @Ming_Cygnus]

Something wild just landed in physical AI. What are they building? Not another LLM. Not a video generator.

They're building the Universal World Foundation Model — an AI that doesn't just look at the physical world, it understands it. Think: predicting next physical states, causal reasoning, action-conditioned dynamics. RL + World Model as the core paradigm.

Inverse Matrix Technology (Physis) just closed a 100M+ USD Seed++ round — backed by Matrix Partners, 5Y Capital, Lightgraph Capital, BAI Capital, Zhongding Capital, Ant Group Strategic, plus returning investors GL Ventures & Yangyuan Ventures.

[Ming Jin @Ming_Cygnus]

What if your eyes weren't the only way to see?

SiClink is building bidirectional brain-computer interfaces that don't just decode neural signals — they write visual information back into the brain.

SiClink is chasing one of the hardest engineering problems in BCI: high-bandwidth, low-latency visual reconstruction.

Not just "read the brain." Rebuild perception.This is what the next layer of human-computer interaction looks like.

#BrainComputerInterface #BCI #Neurotech #DeepTech

[Ming Jin @Ming_Cygnus]

Most think Agent power comes from clever prompt engineering. But Mindverse is betting on the "inside" of the model. By using reinforcement learning for post-training, they're turning models from "knowing a lot" into "getting things done."

Their secret? Leveraging LoRA as the tech foundation for continual learning. It's like hanging lightweight "skill packs" on a shared brain—allowing the model to constantly evolve at 1/10th of the cost without full retraining.

They are about to open-source their 750B Agent model, the world's first post-trained via RL on GLM 5.1!

Recently, Meituan Leads Series A, Mindverse Raises $50M in Total to Build Continual Learning Agent Models. CYGNUS EQUITY served as exclusive financial advisor on this deal.

[Ming Jin @Ming_Cygnus]

Good product! Hypershell has become the world's #1 consumer exoskeleton brand by sales volume.

The company has also won capital endorsement. Hypershell Secures $50M Series B+ Funding. This landmark round was co-led by Ant Group and Meituan Dragonball, with participation from Sofina and Jiyuan Capital. Cygnus Equity serves as the exclusive financial advisor on this transaction.

[Hypershell @HypershellTech]

The ultimate cheat code for weekend parenting. 😉🍼
Long walks in the park and carrying heavy gear are now breeze. With consistent, reliable support, the New Hypershell X Series keeps you moving smoothly through all the transitions of dad duty.
Take Life in Stride. Everyday. ✨

👉 Tap the Link in Bio to explore more.
#Hypershell #HypershellXS #Exoskeleton #outdoor #FutureTech #innovation

[Ming Jin @Ming_Cygnus]

Tianji Intelligent Completes RMB 1 Billion Financing Co-led by Hillhouse and Meituan, Accelerating Its Vision to Build a World-Leading Embodied Intelligence Infrastructure Platform

This round was co-led by Hillhouse Ventures and Meituan Strategic Investment , with participation from Tencent , Gaorong Capital, Luminous Ventures, and Jiyuan Capital.Cygnus Equity serves as the exclusive financial advisor on this transaction.

In 2025, Tianji delivered over 2,000 units of force-controlled humanoid dual arms to more than 100 customers within four months, becoming the world's first brand to achieve mass production and delivery of force-controlled humanoid dual arms with the highest shipment volume globally. In 2026, as early as the first quarter alone, the company's confirmed orders on hand have surpassed 10,000 units, with customers spanning 45 humanoid robot OEMs and embodied intelligence unicorn enterprises worldwide.

[Ming Jin @Ming_Cygnus]

How do we teach robots to perform complex, human-like tasks?

Meet OriginFlow, a breakthrough startup pioneering the "NeuroScale" paradigm! Instead of just "watching" humans via vision (EgoScale), they use surface electromyography (sEMG) to capture electrical signals directly from human muscle contractions.

Powered by their foundation model PULSE, they reconstruct precise hand postures, force, and tactile feedback in real-time. It’s basically a non-invasive "neural interface" for robots to learn native human manipulation!

Founded by a Tsinghua PhD student, they've just secured over RMB 500M ($73.5M) in cumulative funding within 5 months to scale this data infrastructure across industrial and home service robots.CYGNUS EQUITY served as exclusive financial advisor on this deal.

The Pre-A1 round was exclusively led by Monolith Capital, with joint participation from Oriza Hua, Oriza Seed, Guofang Venture Capital, and existing investor Puhua Capital. The Angel round was co-led by BlueRun Ventures and Oasis Capital. The Strategic round welcomed 58 War Investment, Puhua Capital, and Shuimu Tsinghua Seed Alumni Fund, with existing backers BlueRun Ventures and Oasis Capital doubling down with significant follow-on investments.

[Ming Jin @Ming_Cygnus]

eVTOL scene just hit another milestone — VOLANT Aerotech closed a ~RMB 1B Series C+ round, its second major raise in a single month.

The round was led by China Life Sci-Tech Innovation Fund, with participation from Shanghai Minhang Financial Investment Development Co., Ltd., NIO Capital, Cornerstone Capital, and existing shareholder China Internet Investment Fund.

Cygnus Equity serves as the long term financial advisor of VOLANT.

https://t.co/yaeEvk0dPU

[Ming Jin @Ming_Cygnus]

Super Robot Dog Begins Mass Delivery

Vbot Vita Dynamics Closes nearly RMB 500M Pre-A Round ,the Largest Single Financing in Consumer-Grade Embodied AI. Super Robot Dog Begins Mass Delivery. Cygnus Equity serves as the exclusive financial advisor on this transaction.

Vbot's debut product — the Vbot Super Robot Dog — officially commenced delivery on May 8, with the first batch of 500 units rolling off the production line.

Deliveries are being fulfilled through WeChat Mini Store and https://t.co/aYcdgRDcTw. Offline experience stores in Shanghai (Raffles City Changning) and Beijing (Blue Harbor) are already operational, with coverage expanding to 10+ provinces by June.

[Ming Jin @Ming_Cygnus]

🚀 Big one in China's eVTOL space!
VOLANT just closed a $300M+ Series C — the largest single financing round for commercial passenger eVTOL in China.
Led by Stone (UAE), with Hongshan & Fortera Capital jumping in. The VE25-100 is pushing hard toward certification and delivery.
The future of aerial mobility is getting real.
CYGNUS EQUITY served as the exclusive financial advisor on this deal.
#eVTOL #Volant

[Ming Jin @Ming_Cygnus]

Loopit, the AI-powered "playable TikTok," hit #1 on Google Play's global entertainment chart — in just 2+ months since launch. DAU grew 10x while retention and time spent surged simultaneously.

No code needed. Just type, and AI builds the interactive experience.

It just closed its third fundraise of the year, pulling in ~$100M cumulative with a fresh round backed by Garena (a world-leading game developer and publisher, creator of Free Fire), Matrix Partners, BlueRun Ventures, INCE Capital, Bairui Capital, Glory Capital, and Zhongding Capital.Cygnus Equity served as the exclusive financial advisor on this deal.

[Ming Jin @Ming_Cygnus]

@iot_automotive Thanks!

[Ming Jin @Ming_Cygnus]

$310M for self-driving trucks! DeepWay just closed a massive Pre-IPO round — the biggest in autonomous trucking for nearly 5 years. They're not just building trucks; they're building the future of global freight. RoboTruck is going worldwide.
Cygnus Equity acts as the long-term lead financial advisor.

#AutonomousTrucks #DeepWay #PreIPO #RoboTruck #Fintech

[Ming Jin @Ming_Cygnus]

A robot that learns in simulation — and works in the real world on the first try.

Sudo Technology just dropped Sudo R1: 3D world models + reinforcement learning, ~100% zero-shot success rate with zero real-machine data.

They're already teaming up with CATL to bring embodied AI into battery production.

Valuation: >$2B. Backed by Alibaba, Hillhouse, Tencent, Ant Group, IDG & more.

The embodied intelligence race just got a lot more interesting.

CYGNUS EQUITY serves as the exclusive financial advisor.

[Ming Jin @Ming_Cygnus]

Proud moment for Cygnus Equity!

We just won 'Best Private Equity Financing' at The Asset Triple A Sustainable Finance Awards 2026.

The winning deal: $750M+ raised for Neolix, including China's largest-ever PE round in autonomous driving. Cygnus Equity is Neolix's exclusive financial advisor.

The Asset's panel called it 'iconic in scale and industry significance.'

[Ming Jin @Ming_Cygnus]

@davidsenra @pmarca @a16z @grok what did Marc say four J.P. Morgan and boutique banks? Andy good or bad comments on boutique banks?

[Ming Jin @Ming_Cygnus]

@petergyang Shanghai is on par with Beijing in terms of AI Hub.

[Ming Jin @Ming_Cygnus]

@LoopitAi not bad at all

[Ming Jin @Ming_Cygnus]

SEALIEN ROBOTICS is pushing the boundaries of the deep sea — one of Earth's last frontiers.
As land-based resources become increasingly strained, new horizons are commanding serious attention: space and the deep sea. Both remain largely untapped.
🌊 Phoenix 600 — Flagship Product
Depth rating: 3,000 meters
Type: Autonomous seafloor cable burial ROV
Dimensions: 6m long, 12 metric tons
Precision: Centimeter-level accuracy for optical cable burial
Cost advantage: Saves tens of millions of USD vs. imported alternatives
O&M savings: ~60% reduction in operational costs
Tech: 100% proprietary — zero dependence on foreign suppliers
SEALIEN ROBOTICS is quietly building the infrastructure layer for the next era of ocean economy.

https://t.co/rYLSDfCUMq