# Shanghai Black Lake Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-black-lake-network-technology-co

- Industry: Software
- Headquarters: Shanghai, China
- Website: www.blacklake.cn
- Total disclosed funding: $310M
- Latest round: Series C (Feb 22, 2021)
- Investors on record: 9

## About

Based in Shanghai, China and founded in 2017, Shanghai Black Lake Network Technology Co., Ltd., trading as Black Lake Technologies, offers a cloud-based manufacturing collaboration system that facilitates operational efficiency. Yuxiang Zhou serves as both the CEO and Founder. In April 2026, Shanghai Black Lake Network Technology Co., Ltd. raised approximately CNY 1 billion in Series D funding.
The core offering of the company, Black Lake Intelligent Manufacturing, is a cloud-based manufacturing collaboration system designed to enhance operational efficiency through data-driven solutions. This Software as a Service (SaaS) product integrates cloud computing, IoT devices, and smartphone technology to facilitate data aggregation, multi-role collaboration, visual analytics, and intelligent decision-making. The platform aims to address challenges such as prolonged production cycles, excess inventory, and inefficient resource utilization by providing real-time insights into manufacturing processes.
The company's revenue model is primarily based on a subscription-based structure, allowing clients to pay according to their specific configuration and needs without incurring ongoing maintenance or upgrade fees. The company offers flexible pricing plans that significantly undercut traditional Manufacturing Execution Systems (MES), with costs at a fraction of the typical expenses associated with such systems. 
The Series D round of financing will primarily be used to accelerate the application of industrial AI and global expansion.

## Funding rounds

- Series C, Feb 22, 2021, $77M — Lightspeed Venture Partners, Temasek Holdings, GSR Ventures, China Renaissance, ZhenFund, BAI Capital, Jiyuan Capital
- Series B, May 6, 2019, $223M — GSR Ventures, ZhenFund, BAI Capital, Jiyuan Capital
- Series A, May 7, 2018, $7.9M — GSR Ventures, BAI Capital
- Series A, Jul 17, 2017, $1.5M — ZhenFund, China Growth Capital, Jiyuan Capital
- Angel, Jun 6, 2016, $1M — IDG Capital, ZhenFund, China Growth Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Angel
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A, Series B, Series C
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Angel, Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A, Series B, Series C
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A, Series B, Series C
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C
- Temasek Holdings — Series C
- China Renaissance (https://capitalatlas.ai/funds/china-renaissance) — Series C