HIYAN, an industrial vision and artificial intelligence company, completed Series A+ financing round worth tens of millions of CNY, led by PEAKVEST.
HIYAN(Chinese:海研科技), an industrial vision and artificial intelligence company, completed Series A+ financing round worth tens of millions of CNY, led by PEAKVEST.
Founded in 2015, HIYAN is mainly engaged in the research and application of machine vision, image analysis and artificial intelligence. It has become the core supplier of intelligent vision applications for many groups and is the leading industrial vision supplier of domestic household appliances.
The money will be used for product research, development, market, and technical team expansion.
Miao Zhenhai, founder and CEO of HIYAN, said that HIYAN focuses on expanding new industries and iterating cloud collaborative software platforms with vision as the focus. Further, accelerate the coverage of household electricity enterprises and production lines, and develop other standardized product industries such as automobile, furniture, lithium photovoltaic, and semiconductor chips.
According to the statistics of GGII, China's machine vision market grew by more than 45% in 2021, in which the 2D vision market size was about CNY 11.72 billion, and the 3D vision market was about CNY 1.15 billion. By 2025, China's machine vision market is expected to exceed CNY 38 billion.
HIYAN's products cover application scenarios such as appearance inspection, traceability and error prevention, behavior recognition and intelligent logistics. HIYAN is determined to build manufacturing platform AI products from quality detection and product positioning to safety detection.
HIYAN's international competitors include COGNEX(US) and Keyence(Japan), and domestic ones include XYZ Robotics (Chinese:星猿哲科技), Cosmos Vision(Chinese:辰视智能), and Aqrose Technology(Chinese:阿丘科技).