# GizWits

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

- Industry: Software
- Headquarters: Guangzhou, China
- Website: www.gizwits.xtremeprog.com
- Total disclosed funding: $35M
- Latest round: Series C (Jan 15, 2018)
- Investors on record: 3

## About

GizWits specializes in smart home solutions and connected devices, offering a comprehensive platform that enhances user convenience and energy efficiency in the evolving Internet of Things (IoT) landscape.GizWits, founded in 2010 and headquartered in Guangzhou, China, operates within the IoT sector, primarily focusing on home automation and smart device management. The company has undergone strategic pivots to enhance its offerings and has raised a total of CNY 200.000 mn across multiple funding rounds, with the latest being a Series B round led by Juren Capital and MPC on January 15, 2018. Founders Alex Huang, Xixiong Huang, and Yan Liu have also been instrumental in driving the company's vision, with previous entrepreneurial experiences contributing to their leadership.GizWits offers a suite of innovative products and services tailored for the Internet of Things (IoT) sector, emphasizing smart home solutions and connected devices. Their core offerings include a platform that allows users to control and monitor various smart appliances through a single interface, aimed at enhancing user convenience and energy efficiency. The company's product line addresses challenges in home automation and energy consumption, enabling seamless integration of devices such as smart thermostats, security systems, and lighting solutions. GizWits markets its products primarily in North America, Europe, and parts of Asia, catering to technology-savvy consumers, smart appliance manufacturers, and property developers.GizWits generates revenue through a combination of direct sales and partnerships, utilizing a business-to-business (B2B) model. The company collaborates with appliance manufacturers and service providers to integrate its platform into their offerings. Revenue is structured around subscription services for ongoing support and updates, alongside one-time fees for software licensing. Their flagship products, including the smart home management system, are competitively priced to appeal to both manufacturers and end-users, establishing a strong transactional framework for growth and market expansion.GizWits plans to expand its product offerings and enter new markets. The company is working on upcoming smart home devices with anticipated releases aimed at enhancing home automation capabilities. They are targeting significant expansion into North America and Europe by 2025. The recent funding from the Series B round will be utilized to support these initiatives, allowing for product development and market penetration efforts, ensuring that GizWits meets the evolving demands of connected living.

## Funding rounds

- Series C, Jan 15, 2018 — Qualcomm Ventures
- Series B, Aug 28, 2015, $31M — Juren Capital, MPC
- Series A, Aug 1, 2014, $4M — MPC

## Investors

- MPC — Series A, Series B
- Juren Capital (https://capitalatlas.ai/funds/juren-capital) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C