# XNDT

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

- Industry: Industrial Machinery
- Headquarters: Beijing, China
- Website: www.xndt.com.cn
- Total disclosed funding: $45M
- Latest round: Series C (Apr 5, 2026)
- Investors on record: 13

## About

Based in Beijing, China and founded in 2010, Beijing Honest Technology Co., Ltd., trading as XNDT, operates as an intelligent sorting equipment provider for all mineral types that focuses on the research and development of X-ray-related electronics products. The core team comes from the State Key Laboratory of the Precision Instrument Department of Tsinghua University and the Brain-like Computing Research Center of Tsinghua University. In April 2026, XNDT raised approximately CNY 200 million in Series C funding led by China Merchants Capital, with partipaction from Beijing Guorui Investment, BCT Capital, Kaiyuan Sichuang Investment, Prime Light Capital and Beijing Daxing Investment Group.
The company's main product is an intelligent ore sorting system which is based on ART (X-ray Diffraction Topography), applies AI algorithms, and is equipped with a high-precision high-pressure gas injection system to achieve spatial separation of the sorted objects. In addition, it also provides industrial non-destructive testing solutions and X-ray digital acquisition systems, etc. Products can be used in quality testing in coal, food, automobile and other industries, as well as the classification and recycling of environmental protection resources and ore, etc.
The company generates revenue by doing research and development, and providing X-ray intelligent sorting systems.
The Series C funding raised in April 2026 will primarily be used for core technology R&D, global business expansion, and team building.

## Funding rounds

- Series C, Apr 5, 2026, $29M — China Merchants Capital, Beijing Jingguorui Equity Investment Fund Management, BCT Capital, Beijing Daxing Investment Group, Kaiyuan Sichuang Investment, Prime Light Capital
- Series B, Sep 5, 2023 — Guotai Junan Securities, China Venture Capital, Minmetals Innovation Fund, Tianjin Huakong Dianke Capital
- Series A, Jan 28, 2022, $16M — CASH Capital, TusStar, SDIC Securities
- Series A, Oct 8, 2019 — TusStar

## Investors

- TusStar (https://capitalatlas.ai/funds/tusstar) — Series A
- CASH Capital (https://capitalatlas.ai/funds/cash-capital) — Series A
- SDIC Securities — Series A
- Guotai Junan Securities — Series B
- China Venture Capital (https://capitalatlas.ai/funds/china-venture-capital) — Series B
- Minmetals Innovation Fund (https://capitalatlas.ai/funds/minmetals-innovation-fund) — Series B
- Tianjin Huakong Dianke Capital (https://capitalatlas.ai/funds/tianjin-huakong-dianke-capital) — Series B
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series C
- Beijing Jingguorui Equity Investment Fund Management (https://capitalatlas.ai/funds/beijing-jingguorui-equity-investment-fund-management) — Series C
- BCT Capital (https://capitalatlas.ai/funds/bct-capital) — Series C
- Beijing Daxing Investment Group — Series C
- Kaiyuan Sichuang Investment (https://capitalatlas.ai/funds/kaiyuan-sichuang-investment) — Series C
- Prime Light Capital (https://capitalatlas.ai/funds/prime-light-capital) — Series C