# Upward Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upward-technology

- Industry: Materials
- Headquarters: Shenzhen, China
- Website: www.upwardtech.cn
- Total disclosed funding: $0.2M
- Latest round: Angel (May 30, 2022)
- Investors on record: 3

## About

Established in 2021 and based in Shenzhen, China, Upward Technology operates as a material company that focuses on the production and sales of intelligent magnetorheological materials. Hanou Xu, the company's founder, graduated from the University of Sydney and was a mechanical design engineer for Michelin in North America. In November 2022, the company released its magnetorheological suspension products. In December 2024, Upward Technology closed a series A funding.

The company mainly provides intelligent application solutions for new magnetorheological materials. It has independently developed magnetorheological materials and adaptive intelligent control algorithms. Products include magnetorheological intelligent suspension systems, magnetorheological intelligent vibration isolation seats, robotic dexterous joints, etc. Products can be applied in vibration isolation protection for high-precision instruments, lithography machines, and other fields.

The company generates revenue by providing intelligent application solutions.

The company will use the series A funding for the company's production, operations, and marketing.

## Funding rounds

- Angel, May 30, 2022, $0.2M — Share Capital, Shenzhen Investment Control Capital
- Angel, Feb 17, 2022 — Hong Shan

## Investors

- Hong Shan — Angel
- Share Capital (https://capitalatlas.ai/funds/share-capital) — Angel
- Shenzhen Investment Control Capital (https://capitalatlas.ai/funds/shenzhen-investment-control-capital) — Angel