# Shenzhen Jingcang Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-jingcang-technology-co

- Industry: Logistics & Distribution
- Headquarters: Shenzhen, China
- Website: www.whalehouse.com
- Total disclosed funding: $150M
- Latest round: Series B (Nov 12, 2021)
- Investors on record: 10

## About

Established in 2014 and based in Shenzhen, China, Shenzhen Jingcang Technology Co., Ltd. is an intelligent warehouse solution provider. In 2018, the company launched the picking spider system. In 2019, it launched a smart shared warehouse service. In November 2021, the firm raised USD 50 million in series B funding from new investors Beijing Kuangshi Technology Co., Ltd. and XVC, with participation from returning investors Baidu Ventures, GSR United Capital, and YF Capital.

The company's main products include Picking Spider System, high-throughput automatic racking, and PSV handling robots. Picking Spider System is an intelligent warehousing system composed of a variety of robots working together, which is suitable for the dismantling and picking business of online and offline retail warehouses. It also supports AI robotic arm picking and automatic packaging. The company's products are used in industries such as e-commerce and logistics.

## Funding rounds

- Series B, Nov 12, 2021, $50M — YF Capital, MEGVII Technology Limited, Baidu Ventures, XVC, GSR United Capital
- Series B, Dec 1, 2018, $75M — Baidu Ventures
- Series B, Nov 24, 2017, $15M — YF Capital, Baidu Ventures, GSR United Capital
- Series A, Feb 27, 2017, $9.9M — Robert Bosch, Powercloud, Empower Investment, GSR United Capital, Beijing Bozhi Gaoyuan
- Angel, May 23, 2016 — Powercloud, Hofan Venture Capital, Empower Investment

## Investors

- Powercloud (https://capitalatlas.ai/funds/powercloud) — Angel, Series A
- Hofan Venture Capital (https://capitalatlas.ai/funds/hofan-venture-capital) — Angel
- Empower Investment (https://capitalatlas.ai/funds/empower-investment) — Angel, Series A
- Robert Bosch — Series A
- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Series A, Series B
- Beijing Bozhi Gaoyuan — Series A
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series B
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series B
- MEGVII Technology Limited — Series B
- XVC — Series B