# Grass Intelligence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grass-intelligence

- Industry: Internet
- Headquarters: Shenzhen, China
- Website: www.xcthings.com
- Latest round: Angel (Dec 28, 2023)
- Investors on record: 1

## About

Based in Shenzhen, China, and founded in 2019, Grass Intelligence operates as a high-tech IoT company that has launched an AI Internet of Things (AIoT) cloud platform. The founder, Qing Chen, worked as CEO at Hagong Muyun. The CTO, Binwen Wang, is the co-founder of Shenzhen Dana Science & Technology. The company has cooperated with cloud server providers such as Ali Cloud, Amazon Cloud, and Microsoft, and enterprises such as China Mobile. The company's products have passed GDPR, CCPA and other certifications. In December 2023, it closed angel funding from new investor Shenzhen HTI. In July 2024, the firm raised CNY 4 million in strategic investment.

Grass Intelligence provides IoT cloud platform PaaS, industry SaaS and user subscription services for IoT customers including chips, modules, solution providers and manufacturers. The services include cloud platform access, APP development, device optimization and other services. The company also builds communities for consumers and provides value-added services such as data storage. The services can be used in security cameras, smart door locks, sweepers, cloud photo frames, lighting and new energy scenarios.

The company’s revenue is generated by providing a one-stop solution for IoT cloud services.

## Funding rounds

- Angel, Dec 28, 2023 — Shenzhen HTI

## Investors

- Shenzhen HTI (https://capitalatlas.ai/funds/shenzhen-hti) — Angel