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§ Private Profile · Haidian, Beijing, China
Enterprise AI solutions provider delivering AI platforms for manufacturing, finance, and retail, focused on computer vision.
Founded in 2018 by Kai-Fu Lee and Hocking Xu, AInnovation is a Qingdao-based technology company providing enterprise-level artificial intelligence software platforms and integrated hardware-software systems for industrial business transformation. The firm specializes in computer vision, machine learning, and generative AI applications to automate operations and reduce costs across the manufacturing, financial services, and retail sectors. Operating as a publicly traded entity on the Hong Kong Stock Exchange following a 2022 initial public offering, the company employs over 1,000 people and reported 2023 annual revenue of approximately RMB 1.75 billion. Incubated by Sinovation Ventures and backed by investors like SoftBank Vision Fund, the business previously raised over USD 73.5 million in venture funding. Today, AInnovation delivers its enterprise products, including the ManuVision and MatrixVision platforms, to major corporate customers such as Mars, Nestlé, and Carlsberg.
AInnovation has raised $132.2M across 3 funding rounds.
AInnovation has raised $132.2M in total across 3 funding rounds.
AInnovation has raised $132.2M in total across 3 funding rounds.
AInnovation's investors include China Renaissance, CICC Capital, CreditEase, SAIF Partners, Chengwei Capital, Sinovation Ventures, Lee Kai-Fu.
AInnovation has raised $132.2M across 3 funding rounds. Most recently, it raised $57.4M Series B in January 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 2, 2020 | $57.4M Series B | China Renaissance | CICC Capital, CreditEase, Saif Partners | Announced |
| Jan 25, 2019 | $59.1M Series A | CICC Capital | Chengwei Capital, Sinovation Ventures | Announced |
| May 22, 2018 | $15.7M Venture Round | Chengwei Capital | LEE KAI FU | Announced |