# National AI Industry Investment Fund: portfolio, investments and team > National AI Industry Investment Fund is a growth equity. 2 investments on record, 2 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/national-ai-industry-investment-fund (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # National AI Industry Investment Fund Last cheque observed Oct 2026; 2 cheques on record. Email Deploying now Growth equity Series B Follow National AI Industry Investment Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fnational-ai-industry-investment-fund) Deploying now **100%** of best year **2** **cheques in 12 months**, 2 on record Since the last cheque **23** days **00** hrs **00** min **00** sec Median round **$11B** Rounds led **0 of 2** Pitch National AI Industry Investment Fund ## National AI Industry Investment Fund highlights - 01 2 cheques in the last 12 months - 02 Mostly Series B: 100% of its rounds ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 2 rounds - **Oct** **[DeepSeek](https://millionrounds.com/company/deepseek)** Series B · CN · Google News search **$15B** With 36 others - **May** **[DeepSeek](https://millionrounds.com/company/deepseek)** CN · TechNode **$7.4B** With 10 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The cheque Series B Median round joined **$11B** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series B *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [CATL](https://millionrounds.com/fund/catl) 2 - [China's National Artificial Intelligence Industry Investment Fund](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment) 2 - [IDG Capital](https://millionrounds.com/fund/idg-capital) 2 - [Monolith Management](https://millionrounds.com/fund/monolith-management) 2 - [NetEase](https://millionrounds.com/fund/netease) 2 - [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) 2 **Pitching National AI Industry Investment Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as National AI Industry Investment Fund. A count of rooms they were both in, not a relationship either has claimed. [**CATL** Investment firm **2** rounds together](https://millionrounds.com/fund/catl)[**China's National Artificial Intelligence Industry Investment Fund** Growth equity **2** rounds together](https://millionrounds.com/fund/china-s-national-artificial-intelligence-industry-investment)[**IDG Capital** Private equity **2** rounds together](https://millionrounds.com/fund/idg-capital)[**Monolith Management** Growth equity **2** rounds together](https://millionrounds.com/fund/monolith-management)[**NetEase** Corporate VC **2** rounds together](https://millionrounds.com/fund/netease)[**Tengxun Touzi** VC firm **2** rounds together](https://millionrounds.com/fund/tengxun-touzi) ## Recently backed The latest companies National AI Industry Investment Fund put money into. [**DeepSeek** $15B · Oct 2026](https://millionrounds.com/company/deepseek) ## Quick answers about National AI Industry Investment Fund ### What does National AI Industry Investment Fund invest in? National AI Industry Investment Fund invests most often at Series B (100% of the rounds on record). ### How active is National AI Industry Investment Fund? 2 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026. ### What has National AI Industry Investment Fund invested in recently? Its most recent investments on record: DeepSeek (Series B, Oct 2026). ### How big are National AI Industry Investment Fund's cheques? The median round it joins is $11B. ### Is National AI Industry Investment Fund investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does National AI Industry Investment Fund invest alongside? Most often CATL (2 rounds together), China's National Artificial Intelligence Industry Investment Fund (2 rounds together) and IDG Capital (2 rounds together). ### What kind of investor is National AI Industry Investment Fund? National AI Industry Investment Fund is a growth equity firm. ### Where does this information on National AI Industry Investment Fund come from? From 38 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=national-ai-industry-investment-fund) · [Is this your firm? 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