# SmartMore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartmore

- Industry: Software
- Headquarters: Shenzhen, China
- Website: www.smartmore.com
- Total disclosed funding: $300M
- Latest round: Series B (Jun 24, 2021)
- Investors on record: 9

## About

Established in 2019 and based in Shenzhen, China, SmartMore is an artificial intelligence technology company. Dr. Jiaya Jia, the founder and chairman of the company, is a tenured professor at the Chinese University of Hong Kong and fellow of IEEE (Institute of Electrical and Electronics Engineers). Dr. Xiaoyong Shen, the co-founder and CEO of the company, was head of Tencent X-lab R&D team. In 2021, the company acquired honors such as National High-tech Enterprise and EU CE Certification. In June 2024, the firm closed a strategic investment.

The company provides smart manufacturing artificial intelligence solutions, including Smore InSight and Smore Media. The company offers software and hardware integrated visual AI products and has serviced over 100 enterprises in consumer electronics, new energy, automotive industries, helping its clients to achieve product life cycle tracking and improve production efficiency.

70% of the company's revenue comes from the intelligent manufacturing business, and 30% comes from the ultra-high-definition video business.

## Funding rounds

- Series B, Jun 24, 2021, $200M — Hong Shan, IDG Capital, Bull Capital Partners, Green Pine Capital Partners, ZhenFund, CoStone Capital, Lenovo Capital and Incubator Group, Hermitage Capital Group, Shen Wan Capital
- Series A, Oct 28, 2020, $100M — Hong Shan, IDG Capital, Green Pine Capital Partners, ZhenFund, CoStone Capital, Lenovo Capital and Incubator Group
- Angel, Jan 1, 2020 — IDG Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Angel, Series A, Series B
- Hong Shan — Series A, Series B
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series A, Series B
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A, Series B
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A, Series B
- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Series A, Series B
- Bull Capital Partners (https://capitalatlas.ai/funds/bull-capital-partners) — Series B
- Hermitage Capital Group (https://capitalatlas.ai/funds/hermitage-capital-group) — Series B
- Shen Wan Capital — Series B