# Huizhou Govision Technology Co.

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

- Industry: Industrial Machinery
- Headquarters: Huizhou, China
- Website: www.govion.cn
- Total disclosed funding: $29M
- Latest round: Series C (Oct 25, 2022)
- Investors on record: 20

## About

Huizhou Govision Technology Co., Ltd. specializes in industrial intelligent machine vision solutions, utilizing artificial intelligence for enhanced quality control across various manufacturing sectors.Founded in 2015 and headquartered in Huizhou, China, Huizhou Govision Technology Co., Ltd. focuses on developing sophisticated machine vision systems. The company has engaged in 5 deals, with the most recent funding round being a Series C in October 2022, raising CNY 100 million. The funding was backed by investors including CITIC Securities and China Development Bank Capital, bringing the total amount raised to CNY 100 million.Huizhou Govision Technology Co., Ltd. specializes in providing comprehensive industrial intelligent machine vision solutions centered around artificial intelligence and machine vision technologies. Their primary product offerings include in-depth quality inspection solutions for various sectors such as flat panel displays, glass substrates, lithium batteries, semiconductors, and consumer electronics. These solutions leverage deep learning algorithms to facilitate inspection, recognition, measurement, and positioning tasks, ultimately enhancing quality control processes in high-end manufacturing environments. The company’s customer base spans across numerous industries, including semiconductor fabrication, new energy, and advanced display technologies, focusing primarily on clients in China with plans to expand into global markets. The company offers a standardized AI vision development platform and maintains a large-scale industrial defect database to support their clients.The company's revenue model is primarily based on B2B transactions, where they provide tailored AI machine vision systems and components to their industrial clients. These transactions typically involve long-term partnerships with manufacturers in sectors such as semiconductors and electronics. The firm provides various pricing structures associated with their flagship products, which include complete machine vision solutions and modular hardware components, alongside subscription services for ongoing software updates and support. The integration of its products into existing manufacturing processes is emphasized to ensure compatibility and enhance operational efficiency for its clients.Building on recent investments of CNY 100 million raised in October 2022, Huizhou Govision Technology Co., Ltd. plans to expand its product line with the development of new AI-driven machine vision systems scheduled for release in the next fiscal year. The company is targeting expansion into international markets, particularly in Southeast Asia and Europe, which is expected to begin within the next 18 months. The recent funding will be utilized to accelerate product development and enhance market entry strategies, ensuring the company can meet increasing global demand.

## Funding rounds

- Series C, Oct 25, 2022, $14M — China Development Bank Capital, Precision Capital, CITIC Securities, China Fortune-Tech Capital, SAIC Capital, Shandong Hi-speed Fund, SND Group, Tatong Coal Mine Dayou Capital Investment
- Series B, May 1, 2019 — Shunwei Capital, Kunlun Fund, Renhe Capital, Homsun Capital, Xiaomi Group
- Series A, Jul 10, 2018, $7.5M — Shunwei Capital, Huiyou Capital, Shenzhen Qianhai Pengchen Investment Management
- Series A, Nov 16, 2017, $7.5M — Cowin Capital, Huaqing Capital, Huizhou Huinan Investment and Development, Qindao Capital, Liyuanheng Technology

## Investors

- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series A
- Huaqing Capital — Series A
- Huizhou Huinan Investment and Development — Series A
- Qindao Capital — Series A
- Liyuanheng Technology — Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A, Series B
- Huiyou Capital — Series A
- Shenzhen Qianhai Pengchen Investment Management (https://capitalatlas.ai/funds/shenzhen-qianhai-pengchen-investment-management) — Series A
- Kunlun Fund (https://capitalatlas.ai/funds/kunlun-fund) — Series B
- Renhe Capital (https://capitalatlas.ai/funds/renhe-capital) — Series B
- Homsun Capital (https://capitalatlas.ai/funds/homsun-capital) — Series B
- Xiaomi Group — Series B
- China Development Bank Capital — Series C
- Precision Capital (https://capitalatlas.ai/funds/precision-capital) — Series C
- CITIC Securities — Series C
- China Fortune-Tech Capital (https://capitalatlas.ai/funds/china-fortune-tech-capital) — Series C
- SAIC Capital (https://capitalatlas.ai/funds/saic-capital) — Series C
- Shandong Hi-speed Fund (https://capitalatlas.ai/funds/shandong-hi-speed-fund) — Series C
- SND Group — Series C
- Tatong Coal Mine Dayou Capital Investment — Series C