TMTPOST — Shanghai-based AI infrastructure firm Lancun Technology has completed a Pre-A equity financing of tens of millions of yuan, according to reports published Wednesday. Wuxi municipal industrial investment platform Xichuangtou provided the investment, with Tuojie Capital serving as exclusive financial adviser. The round values the company at 150 million yuan post-money. Proceeds will focus on research and development of next-generation AI embodied-intelligence foundations, expansion of core talent and upgrades to the product matrix, accelerating industrialization of the Lancard LC-1.7 series standard modules, the Lancun Intelligent Platform (Hardware AI Runtime) and related core technologies. Lancun Technology positions itself as a provider of standardized modules, intelligent terminal service platforms and evolving agent engines that serve as a physical access layer for large models across consumer electronics, AI toys, wearables and other connected devices. The financing follows an angel round completed earlier in 2026.