Known as the ?Silicon Valley of Hardware?, Shenzhen is a top startup ecosystem in China that is growing by leaps and bounds. The top Shenzhen startups for 2019 are being watched globaly for any exciting developments.
Tech sector in the city has always been soaring and is an important factor attracting migrant tech professionals to the region. Over 170 startups took part in funding activities this year with some even breaking their funding records. These companies are being touted as the top Shenzhen startups for 2019 poised for spectacular growth in the coming year.
Top Shenzhen Startups to Watch out for in 2019
Shenzhen based startup UBTech Robotics has outdone all startups in the city this year. The company became the world?s most valuable AI startup after raising $820 million in its Series C round of funding and became a top startup in Shenzhen and in the global AI segment. The company?s value was estimated at $5 billion after the completion of this round which was led by Tencent Holdings. UBTech Robotics is an intelligent humanoid robotics company that is among the top Shenzhen startups for 2019. The company was established in 2012 by Zhou Jian, who is has been given the title of ?father of robots? in China for his pioneering work in the field.
Qulian Technology is a blockchain and distributed ledger technology company and has completed its Series B round of funding which has made the top startup in Shenzhen one of the highest funded companies in the city.? It raised CN?1.5 billion in the Series B round of funding from lead investors Xinhu Zhonbao Co Ltd and China Gaoxin Investment Group Corp, making its way into the top Shenzhen startups for 2019. Qulian Technology is one of the youngest companies in this list and was founded in 2016 as an enterprise level hyperchain blockchain solutions platform. The Shenzhen based startup has completed two rounds of funding till date and is expected to raise more in the coming year.
Linklogis is a top startup in Shenzhen that offers to finance for Chinese supply chains. The company completed its Series C round of funding in October 2018 and picked up $220 million from lead investor GIC and nine participant investors that included Welight Capital, Tencent Holdings, China Oceanwide, and Loyal Valley Capital among the others. The Shenzhen based startup is the brainchild of Song Qun who established it in 2016. The total funds received by the company amounts to $265.1 million as of date.
Shenzhen based startup Orbbec is a leading 3D camera manufacturer in the world. The company was founded by Brad Long Liu, Howard Yuanhao Huang, Joshua Blake, Luke Xiaolu Mei, and Zhenzhong Xiao in 2013. The company boasts of being a top startup in Shenzhen, China as well as around the world with the best of talent working for them. In May 2018, the innovative tech startup announced the closing of its Series D round of funding raising $200 million from Ant Financial, SAIF Partners, Green Pine Capital, Fosun RZ Capital, and Tianlangxing Capital. Orbbec became one of the top Shenzhen startups for 2019 after the completion of this round.
Touzhijia.com is a top startup in Shenzhen that was also included among the top 100 highly funded fintech startups in Asia. The company was co-founded by Deng Wei, Huang Shiqiao, and Tan Wuquan in 2014 and offers a number of online fintech services like investment and other wealth management practices. It joined the top Shenzen startups for 2019 by raising $63.7 million in the Series B round from Shenzhen Jiawei Photovoltaic Lighting. Touzhijia.com uses innovative technology to offer its services at both P2P and enterprise level.
The next exciting startup on the list of top Shenzhen startups for 2019 is Codemao, an edtech platform that is helping children learn how to program. It has raised $65 million till date from two funding rounds. The Shenzhen based startup participated in the Series C funding round in May 2018 securing $47 million from it. The round was led by CMB International Capital and also featured Green Pine Capital, Shanshui Venture Capital, and The Beijing News. The last round has put the company in the spot light this year and also for next year as one of the top Shenzhen startups for 2019.? Codemao was co-founded by Tianchi Li and Yue Sun in 2015.
Founded in 2014 by an enthusiastic group of LiDAR tech experts, Robosense also shows a promising future like the other top Shenzen startups for 2019. In October 2018, the company raised $45 million in venture capital funding from SAIC Motor, BAIC Group, and Cainiao Logistics.? The Shenzen based startup offers disruptive LiDAR solutions for autonomous vehicles to make them more efficient. Robosense currently offers hybrid solid state LiDARs of two kinds and software solutions for the autonomous driving industry. The Shenzhen based startup has found lucrative partnerships with top automobile and tech brands with a sizeable international customer base.
One of the top Shenzhen startups for 2019, Makeblock is a soaring robotics startup that has got robotics enthusiasts excited. The company is a top-notch DIY robotics construction and STEM education platform. The Shenzhen based startup recently completed its seventh and last funding round till date in Aug 2018. CICC led this round with the support of Sequoia Capital China, GX Capital, Everest Venture Capital, and Guangzhou YUEXIU Industrial Investment Fund to raise CN?300 million. The pre-money valuation of the company stood at CN? 2.2 billion.? Makeblock is the brainchild of Jasen Wang who established it in 2013.
Shenzhen based startup Ringle.AI was founded by Wang Xin and has a dynamic AI platform in the pipeline. The company is in the process of developing a secure data transfer and management system based on blockchain technology and artificial intelligence. The company was launched only this year and is the youngest ventures among the top Shenzhen startup for 2019. The up and coming AI company has completed one round of funding and has raised $30 million from IDG Capital and Bertelsmann Asia Investments.? The company?s impressive funds and innovative idea have made it exciting players among the top Shenzhen startups for 2019 whose updates should not be missed.
This top startup in Shenzhen was co-founded by Qiu Nan and Yan Hanming in 2013 and is one of the top Shenzhen startups for 2019 today. This can be attributed to its recent round funding. The tech startup secured? CN?150 million in its Series A round of funding from lead investor Famous City Development Venture Capital. Other investors who participated in the funding rounds for the Shenzhen based startup are Ecovacs and Shenzhen Qianhai Yu Zhou Fund. GoWild is a key player in the area of artificial intelligence technology research and has built a range of AI virtual life eco products.
Shenzhen has been successful in transitioning itself from being a simple fishing village to positioning itself as a global leader among the startup ecosystems. The city was also featured among the top startup ecosystem this year in Startup Genome’s The Global Startup Ecosystem Report.
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