# Zhiyi Technology

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

- Industry: Software
- Headquarters: Hangzhou, China
- Website: www.zhiyitech.cn
- Total disclosed funding: $131M
- Latest round: Series C (Apr 6, 2022)
- Investors on record: 8

## About

Based in Hangzhou, China and found in 2018, Zhiyi Technology is a corporate services company focused on providing artificial intelligence solutions for the apparel industry using artificial intelligence technologies such as image recognition, time-series analysis, and personalized recommendations. In July 2021, the company completed RMB 200 million in Series B financing. This round of financing was led by Hillhouse Venture Capital and Wanwu Capital, followed by Yonghua Capital and Legend Capital. The founder and CEO Zeyu Zheng graduated from Carnegie Mellon University, he worked at Google as a senior software engineer.

At present, the company is operating four products, named Zhiyi, Zhikuan, Yixuan and Liandanlu. The core technology is based on big data and AI algorithm. The company's SaaS product "Zhiyi" provides the functions of fashion trend prediction, design empowerment and intelligent recommendation for enterprises and designers. At present, “Zhiyi” has collected more than 1 billion pictures, and its database is growing at the rate of more than 1 million styles every day, which includes shoes, hats, bags, and other categories.

At of 2022, "Zhiyi" has cooperated with more than 1000 customers including Peace bird, UR and other brands, and the supply chain service platform has also accumulated nearly 100 customers, with an annual revenue growth of more than 300%.

## Funding rounds

- Series C, Apr 6, 2022, $100M — Legend Capital, Yonghua Capital, Xiang He Capital, Wanwu Shengzhang Capital, GL Ventures, Ce Innovation Capital
- Series B, Jul 23, 2021, $31M — Legend Capital, Yonghua Capital, Wanwu Shengzhang Capital, Zhiyang Capital
- Series A, Sep 12, 2018 — Legend Capital, Beijing Kuaishou Technology Ltd.

## Investors

- Legend Capital — Series A, Series B, Series C
- Beijing Kuaishou Technology Ltd. — Series A
- Yonghua Capital (https://capitalatlas.ai/funds/yonghua-capital) — Series B, Series C
- Wanwu Shengzhang Capital (https://capitalatlas.ai/funds/wanwu-shengzhang-capital) — Series B, Series C
- Zhiyang Capital — Series B
- Xiang He Capital (https://capitalatlas.ai/funds/xiang-he-capital) — Series C
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series C
- Ce Innovation Capital — Series C