Editor's note: We at EqualOcean tracked the major funding rounds or industry events that took place in China’s tech space in October 2022. And the following is a list of deals that we have selected for you, based on a number of criteria including the funding amount, the financial backers, and the segments in which the startups operate.
Moorebot
Moorebot (Chinese: 小墨智能) completed a funding round worth tens of millions of CNY on October 10, led by Hongtai Capital. Moorebot is an innovative technology company, focusing on developing robotic devices. The business strategy of Moorebot is to invest in state-of-the-art robotic technologies, Artificial Intelligence (AI), and Internet-of-Things (IoT) to develop better products for its customers.
Lockin
Lockin (Chinese: 云鹿) completed the Angel funding round and Series Pre-A funding round worth hundreds of millions of CNY on October 12, led by Xiaomi Corporation, with participation by Luke technology, Chongqing Tongliang Capital and Renzhi Capital. Lockin is an innovative company, focusing on developing digital doors for different family needs.
SPACETOUCH
SPACETOUCH (Chinese: 普林芯驰) recently completed the Series B+ funding round worth tens of millions of CNY on October 13, led by Green Group, with participation by Puxin Capital. Founded in 2017, SPACETOUCH focused on human-computer interaction core chip development.
Polymaker
Polymaker (Chinese: 苏州聚复科技股份有限公司) recently completed Series D funding round worth hundreds of millions of CNY on October 17, led by Skytrace Capital, with participation by SHARELINK CAPITAL, IDG Capital, Blue Lake Capital and CHANGSHU GUOFA VENTURE. Founded in 2012 and headquartered in Jiangsu, Polymaker is an international technology company focusing on developing 3D printing materials.
Ounder
Ounder(Chinese:介方信息) bagged CNY 100 million(USD 13.9 million) from Series B funding round on October 17, led by DAHUA Group, with participation by Yudao Venture Capital and ZBJL Capital.Founded in 2015, Ounder provides one-stop software and hardware platform solutions for military equipment based on the concept of "software-defined."
YOUHUALIN
YOUHUALIN(Chinese:悠桦林信息科技（上海）有限公司) bagged hundreds of millions of CNY from Series C funding round on October 17, led by V Fund, with participation by BoRun Capital, HNDY Capital, and Hainan Rongya. Existing shareholders Shanghai SAIC Hengxu Investment Management Co., Ltd. and 5Y Capital also participated. YOUHUALIN has been committed to implementing intelligent decision-making technology in China, focusing on the needs of the manufacturing and large transportation industry scenarios to provide enterprises with "industry + AI + OR" intelligent decision-making solutions.
Openverse
Openverse (Chinese: 杭州雪爪文化科技有限公司) completed a Pre-A funding round worth hundreds of millions of CNY on October 20. Founded in 2018 and headquartered in Hangzhou, Openverse is an international technology company focusing on Web3 enablement platform. Openverse is supported by leading real-time 3D rendering technology and built by several engineers from Alibaba Dharma Institute, Tencent and YC Wu Enda Lab.
WenGe Group
WenGe Group(Chinese:中科闻歌) announced the completion of Series E funding round worth more than CNY 500 million on October 20.This funding was participated by influential institutions, including China Development Manufacturing Transformation and Upgrading Fund, CCTV Integrated Media Industry Investment Fund, ZGC Science City Ltd, and so on. Existing shareholders including Infotech National Emerging Industry Venture Investment Guidance Fund, Ever State Capital, and CAS Capital also built on their original investment. Founded in 2017, WenGe Group provides cross-modal intelligent big data and artificial intelligence infrastructure platforms and solutions for multiple fields.
WATTMAN
WATTMAN(Chinese: 北京瓦特曼智能科技有限公司) completed a Series B funding round on October 21, led by V Fund, with participation by Engage Capital. Founded in 2018 and headquartered in Beijing, WATTMAN is a provider of artificial intelligence robots and industrial intelligent manufacturing solutions.
DEEP Robotics
DEEP Robotics(Chinese:杭州云深处科技有限公司) completed its Series B funding round on October 24, led by FG Venture, with participation by XHVC. Existing shareholders Cybernaut also built on their original investment. Founded in 2017, DEEP Robotics is a technology company dedicated to developing and applying quadruped robots, with a number of independent controllable intellectual property rights, and the relevant models have been put into use in electric power, tunnel, fire fighting, security, and other fields.
SIFLI
SIFLI (Chinese: 思澈科技（上海）有限公司) completed a series A+ funding round worth hundreds of millions of CNY on October 24, led by Beijing Lanpu Capital Management, with participation by Legend Capital, Cedarlake Capital and Weiran Capital. Founded in 2019 and headquartered in Shanghai, SIFLI is a high-tech company focusing on the design and application of embedded artificial intelligence IoT platforms.
Euler Intelligence
Euler Intelligence(Chinese: 欧拉智能) completed a series of pre-A+ funding rounds worth tens of millions of CNY on October 25, led by Timeless Invest Capital Management. This is the second funding round that Euler Intelligence had this year, and the previous one happened in February 2022. Founded in 2019, Euler Intelligence is an artificial company specializing in knowledge graph solutions.
FA Software
FA Software(Chinese:上扬软件) completed Series D financing round worth hundreds of millions of CNY on October 25, led by Shanghai Semiconductor Equipment and Materials Industry Investment Fund Partnership, with participation by CASVC Investment Management, Hypercycle Venture, and Suzhou Anxin Tongying Venture Capital Partnership. Founded in 2001, FA Software is the first domestic supplier specializing in Manufacturing Execution System(MES), Computer Integrated Manufacturing(CIM), and other software products and solutions for high-tech manufacturing industry.
Moxin Technology
Moxin Technology (Chinese: 魔芯科技) completed its series A+ funding round worth tens of millions on October 26, led by Moral Stone Investment. Founded in 2021 and headquartered in Hu Zhou, Moxin Technology is a high-tech company focusing on the design and application of the consumer-grade 3D printer.
Lunzi Tech
Lunzi Tech(Chinese:轮子科技) announced the completion of Series A2 financing round worth CNY 26 million on October 27 , with participation by SIDVC, QF Capital, and Changshu Southeast Industrial Investment Co. LTD. Founded in 2051, Lunzi Tech, an Natural Language Processing(NLP) technology company, is engaged in the research and development of Semantic Parsing NLP.