# Qingdao Ainnovation Technology Group Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qingdao-ainnovation-technology-group-co

- Industry: Software
- Headquarters: Beijing, China
- Website: www.ainnovation.com
- Total disclosed funding: $132M
- Latest round: Series D (May 28, 2021)
- Investors on record: 10

## About

Established in 2018 and based in Beijing, China, AInnovation Technology Limited is an artificial intelligence technology company. The company raised RMB 100 million in angel funding and RMB 400 million in series A and series B rounds respectively. Hui Xu, the CEO of the company, was worked in Microsoft, SAP and IBM.

The company focuses on the research and development of artificial intelligence technology products. The company had built three artificial intelligence platforms: ManuVision, MatrixVision and Orion, providing artificial solutions for manufacturing, financial and retail industries. The company offers products and solutions for many companies such as Midea Group, China Life Insurance and Unilever.

The company will put the funding towards AI commercialization layout in series C funding.

## Funding rounds

- Series D, May 28, 2021 — SB Investment Advisers
- Series C, Mar 3, 2021 — Haier Capital
- Series C, Dec 15, 2020 — China International Capital Corporation, China Renaissance, Shanghai Guohe Capital, Riverhead Capital
- Series B, Dec 25, 2019, $57M — SAIF Partners, China International Capital Corporation, China Renaissance, CreditEase Fintech Investment Fund
- Series A, Jan 24, 2019, $59M — Chengwei Capital, Sinovation Ventures, China International Capital Corporation
- Angel, May 22, 2018, $16M — Chengwei Capital, Sinovation Ventures

## Investors

- Chengwei Capital (https://capitalatlas.ai/funds/chengwei-capital) — Angel, Series A
- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Angel, Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A, Series B, Series C
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series B
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series B, Series C
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series B
- Shanghai Guohe Capital (https://capitalatlas.ai/funds/shanghai-guohe-capital) — Series C
- Riverhead Capital (https://capitalatlas.ai/funds/riverhead-capital) — Series C
- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D