# Fitow

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

- Industry: Software
- Headquarters: Tianjin, China
- Website: www.fitow-alpha.com
- Total disclosed funding: $14M
- Latest round: Series B (Sep 4, 2023)
- Investors on record: 5

## About

Based in Tianjin, China and established in 2013, Fitow is an intelligent detection solution provider that provides detection software for industrial manufacturing.  In the early stage of its business, it mainly provided professional quality services and supply chain management services for world-renowned brands in the automotive industry. In 2018, the company changed its business strategy to the field of computer vision AI applications. It has more than 200 intellectual property rights. Besides, it has additional offices in Guangzhou, Shanghai, and Changchun. In September 2023, Fitow raised over CNY 100 million in strategic investment from new investors Haichuang Tiancheng Capital, Tianjin Binhai Industry Fund Management, and Yuzi Zhangquan Fund. 

The company works with car manufacturers and suppliers to provide intelligent detection hardware and AI vision data software including process quality monitoring, data analysis for production, equipment, and process optimization modelling. In 2021, the company successfully applied its business model, and AI detection experience to the pharmaceutical industry, chemical fibre industry, and machining industry.

## Funding rounds

- Series B, Sep 4, 2023, $14M — Haichuang Tiancheng Capital, Tianjin Binhai Industry Fund Management, Yuzi Zhangquan Fund
- Series A, Mar 19, 2021 — Ying Capital, Hengqin Financial Investment
- Series A, Nov 2, 2017 — Ying Capital

## Investors

- Ying Capital (https://capitalatlas.ai/funds/ying-capital) — Series A
- Hengqin Financial Investment (https://capitalatlas.ai/funds/hengqin-financial-investment) — Series A
- Haichuang Tiancheng Capital (https://capitalatlas.ai/funds/haichuang-tiancheng-capital) — Series B
- Tianjin Binhai Industry Fund Management (https://capitalatlas.ai/funds/tianjin-binhai-industry-fund-management) — Series B
- Yuzi Zhangquan Fund — Series B