GGV Capital

GGV Capital is a global venture capital firm that, as of March 29, 2024, has transitioned into two distinct entities: Granite Asia and Notable Capital. Granite Asia, headquartered in Singapore, focuses on investments in the Asia-Pacific region, including markets such as Southeast Asia, Japan, China, India, and Australia. Meanwhile, Notable Capital operates from Silicon Valley, with additional offices in San Francisco and New York, targeting investments in the United States, Israel, Europe, and Latin America. Since its establishment in 2000, GGV Capital has provided expansion capital ranging from $5 to $25 million for initial investments across a diverse array of industries, primarily concentrating on companies in the U.S. and China.

Jenny Lee

Managing Partner

Haojun Li

Partner

Joshua Wu

Partner

Eric Xu

Managing Partner

Jixun Foo

Global Managing Partner

Past deals in Hardware

Structo

Venture Round in 2022
Structo is a digital manufacturing platform specializing in dental 3D printing services. The company has developed a range of application-specific 3D printing resins that complement its advanced hardware technology. By focusing on designing and implementing proprietary technology, Structo offers 3D printers that operate at higher speeds than traditional SLA printers. This innovative approach enables dental businesses to enhance their digital dentistry practices, achieving greater throughput and cost efficiency while maintaining high print quality.

Zhuizhi Technology

Series A in 2021
Zhuizhi Technology specializes in providing technology services tailored for fast-selling retail companies, offering integrated smart retail solutions. The company's expertise encompasses store digitization, traffic conversion from offline to online platforms, precise member marketing, and enhancements to the shopping experience. Additionally, Zhuizhi Technology focuses on improving store floor efficiency and internal operations within the retail sector. Its product lineup includes mobile management assistant applets, smart cash registers, and various hardware terminals, all designed to facilitate intelligent management and boost sales efficiency for retail businesses. By addressing both the middle and front office needs, Zhuizhi Technology aims to empower merchants with the tools necessary for effective business management.

Auditory Works

Series A in 2021
AuditoryWorks specializes in the research, development, and manufacture of video conferencing smart equipment. The primary product of the company is cloud video conferencing hardware. It has launched conference cameras, microphones, all-in-one machines, and other hardware products suitable for corporate conference room scenarios beginning in March 2020. Hamedal (Ear and Eye) is the product brand, and it can be used in large, medium, and small conference rooms.

Showmac

Series A in 2020
Showmac Tech focuses on providing internet of things global interconnection services for smart hardware. It also provides customers and partners with a combination of software and hardware eco-level connection solutions, with high security, reliability, and easy rapid deployment and expansion.

Mogulinker Technology

Series B in 2020
Mogulinker Technology (Shenzhen) Co., Ltd. is a software-as-a-service (SaaS) provider specializing in the post-industrial equipment market. Founded in 2016 and based in Shenzhen, China, the company develops a range of products including hardware, software, and cloud service platforms. Mogulinker focuses on sectors such as electromechanical equipment, elevators, base station operation and maintenance, and finance leasing. The company utilizes mobile Internet of Things (IoT) technology to enhance operational efficiency, reduce costs, and improve revenue for its clients. Its key offerings include Mogu BOX, Mogu CLOUD, and Mogu RING, all designed to support its customers in achieving greater competitiveness in their respective industries. Mogulinker prides itself on its independent development and ownership of intellectual property rights.

Structo

Series D in 2019
Structo is a digital manufacturing platform specializing in dental 3D printing services. The company has developed a range of application-specific 3D printing resins that complement its advanced hardware technology. By focusing on designing and implementing proprietary technology, Structo offers 3D printers that operate at higher speeds than traditional SLA printers. This innovative approach enables dental businesses to enhance their digital dentistry practices, achieving greater throughput and cost efficiency while maintaining high print quality.

Drive.ai

Venture Round in 2019
Drive.ai, Inc. specializes in developing artificial intelligence software and hardware for autonomous vehicles. Founded in 2015 by former lab mates from Stanford University's Artificial Intelligence Lab, the company focuses on creating self-driving technology that utilizes deep learning to enhance safety and adaptability in various driving environments. Drive.ai's offerings include a retrofitted self-driving kit, sensors, systems for vehicle control, communication systems, and an in-car interface. The company's mission is to leverage its innovative technology to save lives and transform the transportation industry. Headquartered in Mountain View, California, Drive.ai became a subsidiary of Apple Inc. in June 2019.

Mason America, Inc.

Series A in 2019
Mason America, Inc. specializes in developing hardware and customized software solutions, primarily focusing on smart devices. Founded in 2015 and based in Seattle, Washington, the company offers a platform that enables businesses to create, manage, and scale custom Android devices efficiently. Mason's Smart Device Platform allows for rapid development and deployment, significantly reducing costs and time associated with hardware-dependent projects. This fully managed infrastructure handles backend complexities, facilitating seamless software delivery for various device types, including tablets and wearables. Mason also provides features such as remote fleet management, automated software updates, and zero-touch provisioning, ensuring that devices operate effectively without user intervention. The company aims to empower organizations of all sizes to innovate and bring their ideas to market, while also alleviating hardware investment risks and logistical challenges.

Phononic

Venture Round in 2019
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Vincross

Series A in 2019
Vincross is a consumer robotics company that provide individuals with the access and the tools to build, create, and explore on robotics. Its flagship robot, HEXA, combines a 6-legged robot that is highly maneuverable, versatile and compact with a robotics operating system (OS) called MIND OS that simplifies robotics functionality so that you can create sophisticated robotic applications or motions with just a few simple lines of code. Vincross was founded in 2014 and is based in Beijing, China. The company is backed by GGV Capital and ZhenFund. Vincross believes that for the future of robotics to be successful, it needs to be available to the many, not the few. By creating consumer robots that fit into everyday life and by building a robotics ecosystem, including software and hardware that is both simple to use and sophisticated, Vincross makes it possible for individuals to access the future of robotics. Today, their robotics ecosystem is used by creators, programmers, hobbyists, robot-lovers and gadget geeks from across the globe. Their ambitions are even bigger. Vincross is ushering in the next generation of consumer robotics, where robots are the most interesting and exciting technology, where robots in your home will be commonplace and they'll be truly valuable and impressive.

Structo

Series C in 2018
Structo is a digital manufacturing platform specializing in dental 3D printing services. The company has developed a range of application-specific 3D printing resins that complement its advanced hardware technology. By focusing on designing and implementing proprietary technology, Structo offers 3D printers that operate at higher speeds than traditional SLA printers. This innovative approach enables dental businesses to enhance their digital dentistry practices, achieving greater throughput and cost efficiency while maintaining high print quality.

Blaize

Series C in 2018
Blaize, Inc., founded in 2010 and headquartered in El Dorado Hills, California, specializes in edge AI processing solutions through its proprietary hardware architecture and low-code/no-code software platform. The company targets various industries, including automotive, retail, security, industrial automation, and healthcare, providing efficient solutions that address the challenges of edge AI processing, such as low latency and high thermal and power efficiency. Blaize's innovative approach overcomes limitations of traditional AI solutions, which are often optimized for data centers rather than edge environments. With a workforce of over 200 employees, the company has established teams in California, North Carolina, and international subsidiaries in India and the UK. Blaize has successfully raised over $200 million from a mix of strategic and financial investors, reinforcing its position as a leader in the AI-enabled edge computing market.

Peloton

Series F in 2018
Peloton is transforming the fitness industry by integrating modern technology with high design to offer live and on-demand fitness classes led by top instructors from New York City. The company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Connected Fitness Products encompass the sale of its bikes, treadmills, and related accessories, along with fees for delivery, installation, and extended warranties. The Subscription segment, which generates the majority of Peloton's revenue, includes monthly memberships for accessing workout classes. Peloton's offerings facilitate performance tracking and foster a socially connected workout environment, making fitness both engaging and efficient. Founded in 2012 and headquartered in New York, Peloton sells its products online and through a growing network of showrooms across the United States, primarily generating revenue from North America, with a presence in international markets as well.

Structo

Series B in 2018
Structo is a digital manufacturing platform specializing in dental 3D printing services. The company has developed a range of application-specific 3D printing resins that complement its advanced hardware technology. By focusing on designing and implementing proprietary technology, Structo offers 3D printers that operate at higher speeds than traditional SLA printers. This innovative approach enables dental businesses to enhance their digital dentistry practices, achieving greater throughput and cost efficiency while maintaining high print quality.

Drive.ai

Series B in 2017
Drive.ai, Inc. specializes in developing artificial intelligence software and hardware for autonomous vehicles. Founded in 2015 by former lab mates from Stanford University's Artificial Intelligence Lab, the company focuses on creating self-driving technology that utilizes deep learning to enhance safety and adaptability in various driving environments. Drive.ai's offerings include a retrofitted self-driving kit, sensors, systems for vehicle control, communication systems, and an in-car interface. The company's mission is to leverage its innovative technology to save lives and transform the transportation industry. Headquartered in Mountain View, California, Drive.ai became a subsidiary of Apple Inc. in June 2019.

Peloton

Series E in 2017
Peloton is transforming the fitness industry by integrating modern technology with high design to offer live and on-demand fitness classes led by top instructors from New York City. The company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Connected Fitness Products encompass the sale of its bikes, treadmills, and related accessories, along with fees for delivery, installation, and extended warranties. The Subscription segment, which generates the majority of Peloton's revenue, includes monthly memberships for accessing workout classes. Peloton's offerings facilitate performance tracking and foster a socially connected workout environment, making fitness both engaging and efficient. Founded in 2012 and headquartered in New York, Peloton sells its products online and through a growing network of showrooms across the United States, primarily generating revenue from North America, with a presence in international markets as well.

Structo

Venture Round in 2017
Structo is a digital manufacturing platform specializing in dental 3D printing services. The company has developed a range of application-specific 3D printing resins that complement its advanced hardware technology. By focusing on designing and implementing proprietary technology, Structo offers 3D printers that operate at higher speeds than traditional SLA printers. This innovative approach enables dental businesses to enhance their digital dentistry practices, achieving greater throughput and cost efficiency while maintaining high print quality.

Prynt

Series A in 2016
Prynt is a manufacturer of instant camera cases designed for smartphones, allowing users to print photos instantly. The device is compatible with both iOS and Android phones and operates without the need for ink, Wi-Fi, or Bluetooth. Users simply plug in the case, capture a photo, and receive a printed image within seconds. A unique feature of Prynt is its ability to embed short videos within the printed photos, which can be accessed through the accompanying app, offering an innovative way to share memories. This combination of tangible prints and digital storytelling enhances the user's experience by merging physical photography with modern technology.

Phononic

Series E in 2016
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

1More

Series B in 2015
1MORE is a company specializing in electronic audio products designed to enhance the listening experience for music lovers of all ages and backgrounds. With a commitment to making high-quality sound accessible, 1MORE offers a range of wired and wireless headphones, featuring advanced technologies such as noise cancellation. The products are characterized by their durable metal designs and come in various colors, catering to diverse consumer preferences. By focusing on innovative engineering and streamlined manufacturing processes, 1MORE delivers a level of affordable luxury in audio equipment, aiming to provide users with the authentic sound experience that artists intend. The company's mission emphasizes the importance of quality sound in music enjoyment, positioning 1MORE as a transformative player in the crowded headphone market.

Zimi

Series B in 2015
Zimi is a manufacturer of portable battery chargers for electronic devices. The company is committed to the research and development and manufacturing of high-end smartphone accessories, wireless Bluetooth headsets, and smart hardware under its own brand. ZMI brand wireless Bluetooth headsets, mobile power supplies, chargers, wireless chargers, data cables, smart home appliances, rainbow batteries, and other ZMI products have won market favor due to their excellent quality and low prices. The company's power-related technology can be applied to Xiaomi's smartphones and other IoT-based products to achieve higher competitiveness, and standardization of its products' power supply to achieve cost savings.

HiWiFi

Series A in 2013
HiWiFi is a smart router powdered by operating systems, enabling users to install apps on the product. As we reported previously, HiWiFi differs from other routers in that it offers an open platform, which can speed up the download from iTunesStore, Google Play and Xiaomi app store, a function usually needs third-party plug-ins.

Heptagon Advanced Micro Optics

Series F in 2013
Heptagon provides intelligent micro optics systems for smart devices.Their industry leadership in imaging, light and sensors results from a unique combination of wafer-level integration, pragmatic innovation, total supply chain control, a culture of integrity, and a 20+ year track record of delivering breakthrough technologies to leading OEMs.

Heptagon Advanced Micro Optics

Series E in 2012
Heptagon provides intelligent micro optics systems for smart devices.Their industry leadership in imaging, light and sensors results from a unique combination of wafer-level integration, pragmatic innovation, total supply chain control, a culture of integrity, and a 20+ year track record of delivering breakthrough technologies to leading OEMs.

Heptagon Advanced Micro Optics

Series D in 2011
Heptagon provides intelligent micro optics systems for smart devices.Their industry leadership in imaging, light and sensors results from a unique combination of wafer-level integration, pragmatic innovation, total supply chain control, a culture of integrity, and a 20+ year track record of delivering breakthrough technologies to leading OEMs.

Heptagon Advanced Micro Optics

Series C in 2011
Heptagon provides intelligent micro optics systems for smart devices.Their industry leadership in imaging, light and sensors results from a unique combination of wafer-level integration, pragmatic innovation, total supply chain control, a culture of integrity, and a 20+ year track record of delivering breakthrough technologies to leading OEMs.

Heptagon Advanced Micro Optics

Series B in 2009
Heptagon provides intelligent micro optics systems for smart devices.Their industry leadership in imaging, light and sensors results from a unique combination of wafer-level integration, pragmatic innovation, total supply chain control, a culture of integrity, and a 20+ year track record of delivering breakthrough technologies to leading OEMs.

Chaoli Hi-tech

Series A in 2007
Chongqing Chaoli Hi-Tech Co., Ltd. (“Chaoli Hi-Tech”) is a national hi-Tech joint venture founded in 1993 and majors in the research, development, manufacturing and marketing of vehicle thermal management system, power system, aftertreatment system and electronic control system. Our headquarters is located at Chongqing New North Zone and the branches are distributed in Shanghai, Zhejiang, Jiangsu, Shandong, Hunan, Guangxi, Hong Kong and the United States. We have more than 1,200 employees and its registered capital is CNY 174.4 million. We paid nearly CNY 40 million tax in 2013. Persisting in “EXCEED EXPECTATIONS, PURSUE EXCELLENCEp”, Chaoli Hi-Tech has became the largest research, development and manufacturing base of vehicle air-conditioning in southwest China after more than 20 years’ development. Our products are widely used in the passenger vehicles and commercial vehicles that equipped with gasoline-powered, diesel-powered and electric-powered systems. We provide service for many automobile manufacturers and component suppliers, such as SGM, SVW, SGMW, Guangqi Honda, Gac Motor, FAW Haima, Foton, Changan, Changan Ford, SAIC-IVECO Hongyan, Shandong Shifeng, MITSUBISHI Heavy Industries, DBTS, JMC, Lifan, Geely, BAIC MOTOR, GM (Uzbekistan, India and Columbia), Ford (Australia and Europe), Titan, Valeo, Calsonik Kansei and Bergstrom.

Ageia Technologies

Series C in 2005
AGEIA Technologies, Inc. specializes in hardware-accelerated physics for PC games, providing innovative solutions that enhance the realism of virtual environments. The company's flagship product, the PhysX processor, serves as a physics engine that enables dynamic interactions in gaming, simulating complex phenomena such as collisions, explosions, and fluid dynamics. This technology allows gamers to experience a more immersive and responsive gameplay environment. In addition to its hardware offerings, AGEIA Technologies also provides a software development kit designed to simplify physics programming for developers creating games on various platforms. Founded in 2002 and headquartered in Santa Clara, California, the company has an additional office in Mountain View and operates as a subsidiary of NVIDIA Corporation since February 2008.

AAC Technologies

Series B in 2004
AAC Technologies (AAC) is researching, developing and manufacturing leading edge solutions to enhance user experience of smart mobile devices. AAC's product lines can be found in smartphones and portable electronic devices across the world. AAC is investing in research and manufacturing to power future smart devices, and bring optimized high performance of smartphone solutions to a wide range of connected devices. Cutting-edge technology, fast response and high-precision high-quality manufacturing have made AAC a partner of choice for many OEMs and ODMs. AAC cooperates closely with partners to bring integrated solutions to create differentiated and innovative products in both global and localized markets.

Ageia Technologies

Series B in 2004
AGEIA Technologies, Inc. specializes in hardware-accelerated physics for PC games, providing innovative solutions that enhance the realism of virtual environments. The company's flagship product, the PhysX processor, serves as a physics engine that enables dynamic interactions in gaming, simulating complex phenomena such as collisions, explosions, and fluid dynamics. This technology allows gamers to experience a more immersive and responsive gameplay environment. In addition to its hardware offerings, AGEIA Technologies also provides a software development kit designed to simplify physics programming for developers creating games on various platforms. Founded in 2002 and headquartered in Santa Clara, California, the company has an additional office in Mountain View and operates as a subsidiary of NVIDIA Corporation since February 2008.

BCD Semiconductor Manufacturing

Series C in 2004
BCD Semiconductor Corp. markets and sells analog and mixed signal interface circuits. Its products include linear regulator interface circuits, AC/DC and DC/DC switching converters, standard linear interface circuits, motor drivers, and audio power amplifiers. BCD Semiconductor Corp. is based in Fremont, California. BCD Semiconductor Corp. operates as a subsidiary of BCD Semiconductor Manufacturing Limited.

2Wire

Series G in 2003
2Wire, based in San Jose, California, specializes in broadband service products aimed at companies that serve consumers. The company focuses on developing integrated solutions that facilitate the delivery of broadband services and content in homes and small offices. Leveraging its expertise in both software and hardware, 2Wire's products empower users to maximize the advantages of broadband connectivity. Additionally, the company provides telecom carriers with a range of platforms and products that support the integrated delivery of voice, data, and media services. Its offerings include residential gateways, multi-service media platforms, intelligent home servers, and remote management systems, along with intelligent gateways such as modems, routers, wireless access points, and firewalls. By catering to both end-users and service providers, 2Wire enables a versatile and efficient broadband experience.

2Wire

Series E in 2002
2Wire, based in San Jose, California, specializes in broadband service products aimed at companies that serve consumers. The company focuses on developing integrated solutions that facilitate the delivery of broadband services and content in homes and small offices. Leveraging its expertise in both software and hardware, 2Wire's products empower users to maximize the advantages of broadband connectivity. Additionally, the company provides telecom carriers with a range of platforms and products that support the integrated delivery of voice, data, and media services. Its offerings include residential gateways, multi-service media platforms, intelligent home servers, and remote management systems, along with intelligent gateways such as modems, routers, wireless access points, and firewalls. By catering to both end-users and service providers, 2Wire enables a versatile and efficient broadband experience.

ZettaCom

Series B in 2001
ZettaCom, Inc. manufactures and supplies chipset solutions to core multi-service switch and router original equipment manufacturers (OEMs).

2Wire

Series C in 2000
2Wire, based in San Jose, California, specializes in broadband service products aimed at companies that serve consumers. The company focuses on developing integrated solutions that facilitate the delivery of broadband services and content in homes and small offices. Leveraging its expertise in both software and hardware, 2Wire's products empower users to maximize the advantages of broadband connectivity. Additionally, the company provides telecom carriers with a range of platforms and products that support the integrated delivery of voice, data, and media services. Its offerings include residential gateways, multi-service media platforms, intelligent home servers, and remote management systems, along with intelligent gateways such as modems, routers, wireless access points, and firewalls. By catering to both end-users and service providers, 2Wire enables a versatile and efficient broadband experience.
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