# CONOVO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/conovo

- Industry: Industrial Machinery
- Headquarters: Changzhou, China
- Website: www.conovo.cn
- Latest round: Series A (Aug 1, 2018)
- Investors on record: 2

## About

Founded in 2014 and based in China, CONOVO is a manufacturing company that focuses on the production and sales of CNC equipment and related products. It was recognized as the National High-tech Enterprise. Its team members had R&D and management experience in the Shanghai Jiao Tong University, Philips, and other research institutions and technology companies. It cooperated with SIEMENS, Vestas, Zhejiang University, and other enterprises and universities. In August 2018, CONOVO closed a series A funding from returning investor Beijing Zhuiyuan Venture Investment and new investor Changzhou Gugao Intelligent Equipment Technology Research Institute.

CONOVO's main business is the research and development of CNC equipment and automation systems. Its products can be categorized into Fibre laser precision processing equipment and Water-guided laser precision processing equipment. The company has mastered the design and optimization of precision mechanical drives, CNC and servo technology, CAD and CAM software, and the independent development and application of machining technology. Products can be used in new energy vehicles, high-speed rail cars, military, aerospace, wind power generation, and other fields.

The company generates revenue by selling CNC equipment and related products.

## Funding rounds

- Series A, Aug 1, 2018 — Zhuiyuan Venture Investment, Changzhou Gugao Intelligent Equipment Technology Research Institute
- Angel, Dec 17, 2015 — Zhuiyuan Venture Investment

## Investors

- Zhuiyuan Venture Investment (https://capitalatlas.ai/funds/zhuiyuan-venture-investment) — Angel, Series A
- Changzhou Gugao Intelligent Equipment Technology Research Institute — Series A