Lenovo Capital and Incubator Group (LCIG)

Lenovo Capital and Incubator Group is a global investment entity that focuses on core technology and internet-related sectors, including cloud computing, big data, artificial intelligence, and robotics. Based in Quarry Bay, Hong Kong, the group manages venture capital funds, such as the Lenovo Smart Internet Innovation RMB Fund, which specifically targets the Internet innovation industry in China. The group's strategy emphasizes leveraging Lenovo's extensive global resources to promote research and development, facilitating new business avenues, and fostering innovation. Through targeted investments and incubation efforts, Lenovo Capital and Incubator Group seeks to align with Lenovo's strategic objectives and drive future advancements in technology.

He Zhiqiang

Senior Vice President

Luo Xu

Managing Director

Past deals in Internet of Things

Jiangxing Intelligence

Series B in 2024
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.

Lanzhuo

Venture Round in 2023
Lanzhuo Industrial Internet was established in 2018, focusing on the research and development and industrialization of industrial operating systems, and is committed to building China's independent and controllable "industrial Android", creating a general-purpose industrial platform that is generally applicable to process industries and discrete industries—supOS industrial operating system.

Jiangxing Intelligence

Series B in 2022
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.

Micronano Core

Series A in 2022
Micro-nano core is committed to the development and production of the world's leading intelligent IoT AIoT SoC serialized chips, through the world's leading four core technologies: ultra-low-power chip architecture technology (to solve the problem of system standby power consumption), ultra-low power consumption Power consumption closed-loop adaptive near-threshold circuit technology (to solve the problem of chip running power consumption), ultra-low power consumption and high-precision sensor acquisition technology (to solve the problem of high precision and low power consumption of sensor signal acquisition) and high-efficiency embedded AI engine technology (solving the computing power and energy efficiency of embedded AI), creating a general/platform technology system for IoT chips and AIoT serialized chips, enabling IoT products, and significantly improving the low power consumption, low power consumption, and low power consumption of future IoT products High-precision detection and edge AI inference performance.

ZiFiSense

Series B in 2022
ZiFiSense is a telecommunications company focused on developing ZETA, a distributed, low-cost, low-power wide area network (LPWAN) designed to facilitate connected intelligence for a variety of applications. The company enhances large-scale industrial Internet of Things (IoT) solutions by enabling real two-way communication through an innovative design that integrates ‘Mesh Access’ and ‘Virtual OFDMA’. This technology allows for efficient data collection and control of numerous wireless sensors using a single ultra-narrow band (UNB) channel, making it effective in diverse environments ranging from busy urban areas to remote locations. In addition to its networking solutions, ZiFiSense engages in research and development of telecommunication hardware, server platforms, wireless protocols, and software algorithms, thereby providing robust IoT infrastructure to its clients.

ZiFiSense

Series B in 2022
ZiFiSense is a telecommunications company focused on developing ZETA, a distributed, low-cost, low-power wide area network (LPWAN) designed to facilitate connected intelligence for a variety of applications. The company enhances large-scale industrial Internet of Things (IoT) solutions by enabling real two-way communication through an innovative design that integrates ‘Mesh Access’ and ‘Virtual OFDMA’. This technology allows for efficient data collection and control of numerous wireless sensors using a single ultra-narrow band (UNB) channel, making it effective in diverse environments ranging from busy urban areas to remote locations. In addition to its networking solutions, ZiFiSense engages in research and development of telecommunication hardware, server platforms, wireless protocols, and software algorithms, thereby providing robust IoT infrastructure to its clients.

Dingdao Zhilian (Beijing) Technology

Seed Round in 2022
Dingdao Zhilian specializes in developing a human-centric operating system designed for devices, which intelligently recommends and delivers Internet of Things (IoT) services. The company offers cloud services and cloud computing solutions, emphasizing the creation of a secure and stable operating system. Additionally, it provides intelligent and reliable cloud platform services, allowing clients to effectively utilize IoT technologies. Through its innovative approach, Dingdao Zhilian aims to enhance user experience and facilitate seamless integration of IoT services for its customers.

DataMesh

Series B in 2021
DataMesh is a leading company focused on advanced digital twin and mixed reality solutions that enhance operations, training, and maintenance across various industries. Its flagship platform, FactVerse, combines real-time data with immersive 3D environments to create precise simulations and effective workflows. This innovative approach allows businesses in manufacturing, construction, and facility management to significantly improve productivity and streamline processes. DataMesh offers a comprehensive suite of tools, including DataMesh Director, Checklist, Inspector, and Simulator, which facilitate seamless implementation and robust performance. By leveraging technologies such as AI, augmented reality, and the Internet of Things, DataMesh is at the forefront of digital transformation, driving innovation and efficiency in its target sectors.

RiVAI

Series A in 2021
RiVAI Technologies specializes in the development of advanced RISC-V based CPUs and customized System-on-Chip (SoC) designs. The company focuses on delivering high-performance computing solutions for diverse applications, ranging from edge computing to data centers. Additionally, RiVAI develops artificial intelligence chips tailored for Internet of Things (IoT) applications, catering to various sectors such as wearable technology, smart homes, security systems, agriculture, and consumer electronics. By offering low-power yet high-performance core processor chips, RiVAI enables its clients to meet the growing demands of modern computing environments.

Syrius Robotics

Series B in 2021
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.

CoreTigo

Series B in 2021
CoreTigo Ltd. specializes in developing secure wireless network systems tailored for Internet of Things (IoT) applications, particularly in industrial settings. The company's technology facilitates machine-to-machine (M2M) communication, enhancing operations in areas such as factory automation, warehouse management, and robotics. CoreTigo's product offerings include the O Link Wireless master, which enables effective data transfer and diagnostics between devices, and an IO-Link device system on module (SoM) that manages process data for actuators and sensors. By adhering to the IO-Link Wireless global standard, CoreTigo's solutions are designed to operate in challenging environments, providing reliable connectivity for a wide range of industrial devices. Their innovations promote increased flexibility, productivity, and cost-effectiveness in manufacturing processes, ultimately leading to improved operational efficiency and reduced downtime. Headquartered in Kadima, Israel, CoreTigo serves machine builders, system integrators, and industrial equipment manufacturers worldwide.

Jiangxing Intelligence

Series A in 2020
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.

Vincross

Series A in 2019
Vincross Inc. is a consumer robotics company founded in 2014 and headquartered in Beijing, China. It designs and develops advanced robotics technology, focusing on accessibility and usability for individuals. The company's flagship product, HEXA, is a versatile six-legged robot capable of traversing various terrains, including climbing stairs, and is equipped with sensors for responsive interaction with its environment. HEXA operates on MIND OS, a user-friendly robotics operating system that allows users to create sophisticated robotic applications with minimal coding. Vincross aims to democratize robotics, making it available to a broad audience, including creators, programmers, and hobbyists. The company envisions a future where robots are integral to daily life, providing innovative solutions for applications such as scientific exploration, firefighting, and rescue operations. Through its commitment to developing a comprehensive robotics ecosystem, Vincross is positioning itself at the forefront of the next generation of consumer robotics.

IDM Sensor

Venture Round in 2019
IDM Technology Inc. is a Chinese company founded in 2014, specializing in the research, development, and production of advanced intelligent gas sensors. Headquartered in Suzhou, IDM Sensor focuses on creating artificial olfactory solutions and has established itself as a national high-tech enterprise. The company develops a range of sensors capable of detecting various toxic and harmful gases, including formaldehyde, alcohol, ammonia, carbon monoxide, nitrogen oxides, hydrogen sulfide, and methane. IDM Sensor's offerings include gas sensor chips, MEMS gas sensors, thermopile temperature sensors, flexible pressure sensors, infrared CO2 sensor modules, and laser PM 2.5 sensor systems. The company has also built production lines in Kunshan to support its manufacturing capabilities.

Jeejio

Seed Round in 2018
Jeejio specializes in developing artificial intelligence-based processors tailored for Internet of Things (IoT) applications. The company also creates intelligent operating systems that facilitate programming for its chips, enhancing usability for developers. In addition to these core offerings, Jeejio provides super micro computers and cloud services, positioning itself as a comprehensive provider of IoT solutions. Through its innovations, Jeejio aims to accelerate advancements across the IoT industry, contributing to the growth and efficiency of connected devices and applications.

CyberInsight

Series A in 2018
CyberInsight specializes in providing comprehensive solutions centered around cyber-physical systems (CPS). The company focuses on developing advanced algorithms and technologies, including deep learning, machine learning, and predictive health management. By leveraging the IAI DevOps concept, CyberInsight designs and operates large-scale, high-performance distributed systems. The company’s offerings include industrial data solutions that utilize artificial intelligence and big data analytics, enabling manufacturers to enhance production efficiency and make informed decisions. With a robust technology stack that encompasses cloud computing, industrial IoT, and edge computing, CyberInsight supports its clients in effectively managing assets and optimizing operations.

Pear

Seed Round in 2017
Pear Limited, based in Shenzhen, China, specializes in data communication services leveraging fog computing technology. The company focuses on enabling smart devices to efficiently share idle computing power, storage, bandwidth, and other resources. This innovative approach aims to enhance the functionality and connectivity of devices, positioning Pear as a forward-thinking player in the evolving landscape of technology.

Nio

Series C in 2017
Nio is a Chinese electric vehicle manufacturer that designs, manufactures, and sells premium smart electric vehicles globally. Founded in 2014, Nio offers a range of SUVs with varying seating capacities, along with innovative charging solutions such as battery swapping services and mobile charging trucks. The company also provides value-added services like insurance packages, maintenance, and roadside assistance. Nio collaborates with industry leaders for autonomous driving technologies and manufactures its vehicles through strategic partnerships. As of 2023, Nio has sold over 160,000 electric vehicles in China alone, capturing approximately 2% of the market share for new energy passenger vehicles.

Lenovo Connect

Seed Round in 2016
Lenovo Connect is a smart IoT service provider based in China, specializing in the communication industry. The company's main offering, IC BAG, integrates Internet of Things (IoT), cloud technology, big data, artificial intelligence (AI), and global services. This comprehensive system is designed to assist enterprise customers in achieving efficient and asset-light operations. By pooling resources from global network operators, hardware manufacturers, platform developers, system integrators, and service providers, Lenovo Connect aims to facilitate streamlined operations and improved efficiency for its clients.

Igene

Series A in 2015
IGene specializes in the development and production of Bluetooth audio devices, including noise-cancelling headphones, true wireless earphones, and sports headphones. The company integrates advanced acoustics technology, artificial intelligence, and Internet of Things capabilities to enhance audio streaming services. In addition to manufacturing audio products, IGene also offers services for audio-visual brands and applications, ensuring a comprehensive approach to audio solutions. Customer inquiries are efficiently handled through various channels, including phone, email, and online applications, allowing for responsive support and service.
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