# Hesai Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hesai-technology-co

- Industry: Electronics
- Headquarters: Shanghai, China
- Website: www.hesaitech.com
- Total disclosed funding: $598M
- Latest round: Series D (Nov 16, 2021)
- Investors on record: 19

## About

Established in 2014 and based in Shanghai, China, Hesai Technology Co., Ltd., formerly known as Hesai Photonics Technology Co., Ltd., operates as an autopilot radar developer that provides intelligent driving lidar and laser natural gas detection system. The company headquartered in Shanghai and has office located in USA. It has many agents, such as Mobiltech, Datron Technology, Kuartis Teknoloji and CADDEN. In August 2022, Unity Drive became the strategic partner of the company.  In September 2025, it raised HKD 4.16 billion in an initial public offering on the Hong Kong Stock Exchange.

The company works with enterprise clients and automotive manufacturers to provide high-resolution 3D laser radar and laser gas sensor products. Its product lines include the AT, FT, Pandar, QT, and XT series of lidar sensors, alongside methane telemeters. These products are designed for integration into advanced assisted driving systems (ADAS) for passenger and commercial vehicles, autonomous mobility solutions, and industrial service robots.

The company generates revenue from B2B contracts for the commercial sale of its laser radar units and intelligent driving sensor systems to automotive OEMs and robotics developers.

## Funding rounds

- Series D, Nov 16, 2021, $70M — CPE Funds Management, Hillhouse Investment, Meituan, Inc., Xiaomi Group
- Series D, Jun 8, 2021, $300M — Lightspeed Venture Partners, Qiming Venture Partners, CPE Funds Management, Huatai Securities, Meituan, Inc., Xiaomi Group, Lightspeed China Partners, GL Ventures
- Series C, Jan 7, 2020, $173M — Lightspeed Venture Partners, Qiming Venture Partners, Axiom Asia Private Capital, Detong Capital, Robert Bosch Venture Capital
- Series B, May 3, 2018, $39M — Lightspeed Venture Partners, Baidu Ventures
- Series A, May 10, 2017, $16M — Grains Valley Venture Capital, LightHouse Capital Management, Pagoda Innovation, Jiangmen Capital
- Angel, Jan 13, 2015 — PreAngel Partners, LightHouse Capital Management, Dami Ventures

## Investors

- PreAngel Partners — Angel
- LightHouse Capital Management (https://capitalatlas.ai/funds/lighthouse-capital-management) — Angel, Series A
- Dami Ventures (https://capitalatlas.ai/funds/dami-ventures) — Angel
- Grains Valley Venture Capital (https://capitalatlas.ai/funds/grains-valley-venture-capital) — Series A
- Pagoda Innovation (https://capitalatlas.ai/funds/pagoda-innovation) — Series A
- Jiangmen Capital (https://capitalatlas.ai/funds/jiangmen-capital) — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series B
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series C, Series D
- Axiom Asia Private Capital (https://capitalatlas.ai/funds/axiom-asia-private-capital) — Series C
- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series C
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series C
- CPE Funds Management (https://capitalatlas.ai/funds/cpe-funds-management) — Series D
- Huatai Securities — Series D
- Meituan, Inc. — Series D
- Xiaomi Group — Series D
- Lightspeed China Partners — Series D
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series D
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series D