# XIBU

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

- Industry: Software
- Headquarters: Yantai, China
- Total disclosed funding: $31M
- Latest round: Series A (Dec 1, 2021)
- Investors on record: 3

## About

Based in Yantai, China and established in 2020, XIBU is an intelligent manufacturing cloud platform for the textile industry that provides fabric digital supply chain, adopting business model of Original Design Manufacturer (ODM) to flexible fast reaction manufacturing. The company's CEO Mr.Shuai Zhang, was Co-founder of Alibaba Rhino Intelligent Manufacturing, completed the implementation of ODM flexible fast reaction model. The company's Coo Mr.Zhangmu Tao, was Co-founder of Zhibu Internet, developed a digital supply chain information platform for the textile industry. The company's CPO Mr. Jinlong Wei, has 27 years experience in the textile industry, and led Yumin Knitting (HK00844) to public. In 2021, the company changed its name from Shandong Xiyou Digital Technology to Shandong Luyou Digital Technology.     

The company provides physical and virtual products. The physical product is ODM to flexible fast reaction manufacturing that is a digital fabric research and development system. Virtual products are number weaving and number dying Software as a Service(SaaS) for printing and dying factories and textile factories.


The company plans to upgrade smart printing and dying software, build industrial big data, and expand digital fabric laboratory.

## Funding rounds

- Series A, Dec 1, 2021, $16M — Lightspeed Venture Partners
- Series A, Sep 14, 2021, $16M — Ether Capital, Xinli Capital

## Investors

- Ether Capital (https://capitalatlas.ai/funds/ether-capital) — Series A
- Xinli Capital (https://capitalatlas.ai/funds/xinli-capital) — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A