# Shanghai iMiLabs Technology Co

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

- Industry: Consumer Products
- Headquarters: Shanghai, China
- Website: www.imilab.com
- Total disclosed funding: $31M
- Latest round: Series B (Apr 16, 2021)
- Investors on record: 8

## About

Established in 2014 and based in Shanghai, China, Shanghai iMiLabs Technology Co, Ltd. is a smart home developer that provides one-stop smart home service including hardware product, software service and artificial intelligence(AI) system. In May 2019, Shanghai iMiLabs Technology Co, Ltd. raised undisclosed amount of series A funding from new investors CITIC Private Equity Funds Management, Joyoung Co., Ltd. and Yi Capital. The company is one of Xiaomi’s earliest ecological chain companies. As of December 31, 2020, Shanghai iMiLabs ’s total shipments of smart devices have exceeded 40 million units, and the total number of users has reached more than 12 million. The products have entered 150 countries and area.
The company engages in the sales and production of smart home service. Shanghai iMiLabs  Technology has launched a series of smart home products such as smart switches, universal remote controls, smart sockets, Xiaobai smart cameras, smart doors, etc.
The company makes a profit with smart home service. In 2019, the company's revenue exceeded 1 billion, and the revenue growth rate remained above 40%. At present, the company has more than ten offline stores in Shanghai, most of which have achieved breakeven.
In the future, the company will promote technological innovation, the expansion of core categories and the deployment of its whole-house intelligent new retail service system "Xiaobaihuijia".

## Funding rounds

- Series B, Apr 16, 2021, $31M — Cowin Capital, Fortune Capital, CITIC Securities, HomeKoo, Langcheng Capital
- Series A, May 28, 2019 — CPE Funds Management, Joyoung Co., Ltd., Yi Capital

## Investors

- CPE Funds Management (https://capitalatlas.ai/funds/cpe-funds-management) — Series A
- Joyoung Co., Ltd. — Series A
- Yi Capital (https://capitalatlas.ai/funds/yi-capital) — Series A
- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series B
- Fortune Capital — Series B
- CITIC Securities — Series B
- HomeKoo — Series B
- Langcheng Capital (https://capitalatlas.ai/funds/langcheng-capital) — Series B