# Shanghai Kuicang Intelligent Technology Co.

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

- Industry: Hardware
- Headquarters: Wuxi, China
- Website: www.flashhold.com
- Total disclosed funding: $277M
- Latest round: Series D (Sep 12, 2024)
- Investors on record: 21

## About

Founded in 2014 and based in Wuxi, China, Shanghai Kuicang Intelligent Technology Co., Ltd. is an intelligent warehousing system developer that provides mobile robot clusters and automated intelligent warehousing and sorting system solutions. Founder and CEO Wei Yang graduated from Peking University with a degree in software engineering. The company set up branches in Korea, Japan, Southeast Asia, Hong Kong, Macau, and Europe. In September 2024, the company raised over USD 100 million in series D funding.

The company is committed to the research and development of mobile robots and intelligent systems. Its products are divided into hardware and software. Hardware products can be categorized into four series of mobile robots, which are lurking type, material box type, forklift type, and industry-specific type. For example, the dual-machine collaborative intelligent robot QuickBin has dense storage and intelligent picking functions. The company has also developed intelligent operating systems for software products, such as pre-sales simulation platforms, EVO software systems, and congestion management systems, which can be used in scenarios such as large-scale robot cluster scheduling and coordination with other intelligent devices. The company's products serve the e-commerce, pharmaceutical, retail, logistics and other industries, its customers are Cubyn, Procter & Gamble, DHL, Honstar Elke, Vipshop, China Post, etc.

The company generates revenue by providing mobile robots and intelligent systems.

The company will use the series D funding to expand overseas markets, promote its products and services, expand overseas teams, and strengthen cooperation with partners.

## Funding rounds

- Series D, Sep 12, 2024, $100M — Hongtai Aplus, Broad Vision Funds, Jiangxi Jindujuan Private Equity Fund Management, Yuanzhong Real Estate Development
- Series C, Dec 17, 2020, $153M — KION Group GmbH, BOCOM International Asset Management, Power Capital, Aramco Ventures, Cyber Creation Ventures (CCV), Shenwan Hongyuan Securities Ltd, CCB Investment Funds Management, HCSD capital, Liandao Capital Management
- Series C, Nov 29, 2018 — CITIC Capital Holdings, ChinaEquity Group, Haitong-Fortis Private Equity Fund Management, Shanghai Guohe Capital, Cyber Creation Ventures (CCV), New Margin Capital
- Series B, Mar 14, 2017, $18M — SB China Venture Capital, Cainiao Network Technology Co., Ltd.
- Series A, Oct 1, 2015, $6.3M — ZTE Venture Capital

## Investors

- ZTE Venture Capital (https://capitalatlas.ai/funds/zte-venture-capital) — Series A
- SB China Venture Capital (https://capitalatlas.ai/funds/sb-china-venture-capital) — Series B
- Cainiao Network Technology Co., Ltd. — Series B
- CITIC Capital Holdings (https://capitalatlas.ai/funds/citic-capital-holdings) — Series C
- ChinaEquity Group (https://capitalatlas.ai/funds/chinaequity-group) — Series C
- Haitong-Fortis Private Equity Fund Management (https://capitalatlas.ai/funds/haitong-fortis-private-equity-fund-management) — Series C
- Shanghai Guohe Capital (https://capitalatlas.ai/funds/shanghai-guohe-capital) — Series C
- Cyber Creation Ventures (CCV) (https://capitalatlas.ai/funds/cyber-creation-ventures-ccv) — Series C
- New Margin Capital (https://capitalatlas.ai/funds/new-margin-capital) — Series C
- KION Group GmbH — Series C
- BOCOM International Asset Management (https://capitalatlas.ai/funds/bocom-international-asset-management) — Series C
- Power Capital (https://capitalatlas.ai/funds/power-capital) — Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series C
- Shenwan Hongyuan Securities Ltd — Series C
- CCB Investment Funds Management (https://capitalatlas.ai/funds/ccb-investment-funds-management) — Series C
- HCSD capital — Series C
- Liandao Capital Management — Series C
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series D
- Broad Vision Funds (https://capitalatlas.ai/funds/broad-vision-funds) — Series D
- Jiangxi Jindujuan Private Equity Fund Management — Series D
- Yuanzhong Real Estate Development — Series D