Aurora, a Chinese venture capital (VC) firm that focuses on early to mid-stage technological innovations, has held the first close of its fifth RMB-denominated fund at 258 million yuan ($36.5 million) as it looks to double down on new-generation information technology.
Through the new fund, Beijing-based Aurora plans to place great emphasis on segments including cloud computing, civil-military integration, intelligent connected vehicles (ICVs), data security, high-end software, Internet of Things (IoT), industrial intelligence, and semiconductor, the firm announced in a post on its WeChat official account on Saturday.