IDG Capital

IDG Capital is a Beijing-based venture and growth-stage investment firm that backs technology-enabled companies across global markets, with a strong emphasis on China and Asia. It invests across seed, early, later, and growth stages and pursues buyouts, with interests spanning information technology, software, consumer products and services, healthcare, energy, SaaS, mobile, TMT, and advanced manufacturing. The firm leverages a worldwide network of limited partners, including sovereign wealth funds, pension funds, institutional investors, and philanthropic and educational endowments, to support portfolio companies. With deep local market knowledge and extensive relationships with business leaders, IDG Capital combines global perspective with local execution to facilitate inbound and outbound opportunities in China and the broader Asian region.

Xiaohui Cao

Partner

Guangfu Cui

Partner

Jun Fang

Partner

Mei Gao

Partner

Young Guo

General Partner

Past deals in Computer Vision

MiniMax

Seed Round in 2022
Founded in December 2021, MiniMax has been dedicated to the development of large-scale AI models from its inception. Its focus on cutting-edge research and practical applications has established it as a leader in the field. In April 2023, MiniMax launched its API platform, enabling enterprises to access large language model capabilities. By June, it introduced Talkie, an AI-native character community application aimed at international markets. November 2023 saw the release of MiniMax’s speech large model, further expanding its multimodal capabilities. In April 2024, MiniMax debuted the abab6.5 series, featuring a trillion-parameter MoE architecture, alongside the launch of the Hailuo AI App. September 2024 marked the release of Hailuo AI Video, empowering creators with AI-driven video tools. In November, MiniMax unveiled the abab7-preview model, pushing the boundaries of AI in text, mathematics, and multimedia processing. Today, MiniMax’s models handle 3 billion daily interactions, process over 3 trillion tokens, generate 20 million images, and produce 70,000 hours of speech every day, demonstrating its profound impact on global AI innovation.

Mech-Mind Robotics

Series C in 2022
Mech-Mind Robotics Technologies is a prominent manufacturer based in Beijing, China, specializing in hardware and software solutions for the logistics industry. Founded in 2016, the company produces advanced smart cameras, including the Mech-Eye series, which are designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind also develops AI-powered software that enables robotic cameras to identify and process objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in tackling complex automation challenges, including bin picking and assembly tasks, thereby enhancing operational efficiency in the e-commerce and logistics sectors. The company further extends its reach with an office in Munich, Germany, and a sales office in Shanghai, China.

Youibot

Series B in 2021
Youibot Robotics Co., Ltd. is a Chinese company focused on the research, development, and manufacturing of autonomous mobile robots. The firm has independently developed a cutting-edge robot platform that utilizes advanced laser radar and visual real-time SLAM technology for navigation and mapping. Youibot's innovative systems are designed for both indoor and outdoor applications, offering competitive solutions for various industries. Their product line includes autonomous robots equipped with a standalone control system and a cluster collaboration platform, enabling efficient and automated operations for clients.

VisionNav Robotics

Series C in 2021
VisionNav Robotics Limited is a Shenzhen-based company founded in 2015 that specializes in designing and manufacturing autonomous industrial vehicles and intralogistics automation solutions. Utilizing advanced technologies such as artificial intelligence, environmental perception, and deep learning, VisionNav has developed a range of products, including vision navigation unmanned forklifts and tractor trucks. The company caters to various sectors, including e-commerce logistics, aviation logistics, and third-party logistics, aiming to enhance efficiency in global logistics operations. With innovations like high-density material storage and automated truck loading, VisionNav has successfully implemented its solutions across more than 50 projects in diverse industries, including automotive, food, and pharmaceuticals.

Mech-Mind Robotics

Series C in 2021
Mech-Mind Robotics Technologies is a prominent manufacturer based in Beijing, China, specializing in hardware and software solutions for the logistics industry. Founded in 2016, the company produces advanced smart cameras, including the Mech-Eye series, which are designed for tasks such as object recognition, depalletizing, assembly, sorting, and locating. Mech-Mind also develops AI-powered software that enables robotic cameras to identify and process objects of various shapes and sizes. With over 10,000 cameras deployed across more than 50 countries, Mech-Mind Robotics supports partners and system integrators in tackling complex automation challenges, including bin picking and assembly tasks, thereby enhancing operational efficiency in the e-commerce and logistics sectors. The company further extends its reach with an office in Munich, Germany, and a sales office in Shanghai, China.

SURREN.AI

Seed Round in 2021
AI

WeRide

Series C in 2021
Guangzhou WeRide Technology Co., Ltd. specializes in developing autonomous driving technology for level 4 vehicles, including its own hardware solutions that ensure comprehensive sensor coverage. Founded in 2017 and headquartered in Guangzhou, China, WeRide has established research and development centers across several major cities in China, as well as in Silicon Valley. The company has received strategic investments from leading global automotive groups and holds the distinction of being the first startup to obtain driverless test permits in both China and the United States. In November 2019, WeRide launched its first publicly accessible Robotaxi service in Guangzhou, which covers an area of 144 square kilometers and has since integrated with Amap, a popular ride-hailing app in China. The service has completed over 147,000 trips for more than 60,000 passengers within its first year. WeRide's offerings include a range of autonomous vehicles, such as Robotaxis, Robobuses, and Robovans, and the company continues to focus on enhancing safety and efficiency in transportation.

VisionNav Robotics

Series B in 2021
VisionNav Robotics Limited is a Shenzhen-based company founded in 2015 that specializes in designing and manufacturing autonomous industrial vehicles and intralogistics automation solutions. Utilizing advanced technologies such as artificial intelligence, environmental perception, and deep learning, VisionNav has developed a range of products, including vision navigation unmanned forklifts and tractor trucks. The company caters to various sectors, including e-commerce logistics, aviation logistics, and third-party logistics, aiming to enhance efficiency in global logistics operations. With innovations like high-density material storage and automated truck loading, VisionNav has successfully implemented its solutions across more than 50 projects in diverse industries, including automotive, food, and pharmaceuticals.

StradVision

Series B in 2019
Founded in 2014, StradVision develops perception algorithms for advanced driver assistance systems and autonomous vehicles. Its core product, SVNet, enables external vehicle perception through various platforms to detect and recognize objects, while SVNet Internal monitors driver and passenger status for personalized vehicle settings. StradVision's Auto Labeling Tool automates object annotation for efficient data processing. With headquarters in San Jose, USA, and R&D centers globally, the company is renowned for its high-performing machine learning algorithms and extensive patent portfolio.

DMAI

Venture Round in 2019
DMAI (Guangzhou) Co., Ltd. specializes in developing a cognitive artificial intelligence platform designed to enhance machine-to-human interaction and collaboration. The company's technology integrates multiple disciplines, including computer vision, cognitive science, language dialogue, machine learning, robotics, and game ethics. DMAI's solutions are applicable across various sectors, such as education, healthcare, gaming, smart driving, personal assistants, and smart robotics. The company aims to create personalized AI assistants that foster genuine connections and facilitate individual learning experiences. By focusing on understanding the underlying complexities of intelligence, DMAI seeks to empower users and professionals in education and healthcare to deliver tailored instruction and care. With a commitment to improving engagement and motivation, DMAI believes that its cognitive AI solutions can help address significant challenges faced by individuals, such as educational attainment and chronic health issues. Based in China, DMAI is dedicated to advancing the potential of cognitive AI for the betterment of society.

Benewake

Series B in 2019
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

PENSEES

Series A in 2018
PENSEES Technology is an artificial intelligence company based in China, specializing in computer vision and Internet of Things (IoT) technologies. The company focuses on delivering integrated application solutions across various industries, utilizing advanced visual analysis technology to enhance its offerings. PENSEES develops and provides a range of industrial products, solutions, and technical services aimed at applications in safe city initiatives, intelligent transportation systems, intelligent communities, and security analysis. Through its innovative approach, PENSEES seeks to deepen the impact of AI technologies in practical, real-world scenarios.

Arraiy

Series A in 2018
Arraiy, Inc. is a technology company based in Palo Alto, California, that specializes in developing a computer vision and machine learning platform tailored for the motion picture and television industry. Founded in 2016 and formerly known as opencv.ai, Arraiy aims to transform the filmmaking process by collaborating with major studios and award-winning artists. The company's platform leverages advanced AI techniques to enhance visual storytelling, allowing creators to seamlessly integrate real and virtual worlds. By focusing on machine learning, Arraiy seeks to expand the creative possibilities for filmmakers, thereby unlocking a new era of visual storytelling. As of 2020, Arraiy operates as a subsidiary of Matterport, Inc.

SenseTime

Series B in 2017
Founded in 2014, SenseTime specializes in artificial intelligence technologies, focusing on computer vision and deep learning. It offers a range of AI solutions including face and body analysis, image recognition, video comprehension, SLAM and 3D Vision, robot sensing, autonomous driving, medical image analysis, and AI supercomputing platforms. Serving sectors such as smart city, mobile, entertainment, automobile, health, business, education, and advertising worldwide, SenseTime operates offices in major cities across Asia.

Arraiy

Seed Round in 2017
Arraiy, Inc. is a technology company based in Palo Alto, California, that specializes in developing a computer vision and machine learning platform tailored for the motion picture and television industry. Founded in 2016 and formerly known as opencv.ai, Arraiy aims to transform the filmmaking process by collaborating with major studios and award-winning artists. The company's platform leverages advanced AI techniques to enhance visual storytelling, allowing creators to seamlessly integrate real and virtual worlds. By focusing on machine learning, Arraiy seeks to expand the creative possibilities for filmmakers, thereby unlocking a new era of visual storytelling. As of 2020, Arraiy operates as a subsidiary of Matterport, Inc.

DKVISION

Series A in 2016
DKVISION is a company focused on the development of immersive virtual and augmented reality applications and hardware. By leveraging advanced computer vision technology, DKVISION creates innovative experiences that offer cinematic visual engagement for users. The company's expertise lies in merging hardware with cutting-edge software to enhance the way individuals interact with digital environments, making it a key player in the immersive technology sector.

Benewake

Series A in 2015
Benewake is a prominent manufacturer and developer of solid-state LiDAR sensors and solutions, specializing in technologies that advance autonomous driving and automation across various industries. The company offers a range of LiDAR products, including basic flash LiDAR and 3D LiDAR, which are now in mass production and carry appropriate certifications. These sensors are essential for applications such as collision avoidance in autonomous vehicles, logistics operations in drones, and smart home robotics. Benewake's innovative solutions also support simultaneous localization and mapping, enhancing safety and intelligence in driving systems. With a strong intellectual property portfolio, Benewake's LiDAR products have successfully penetrated global markets, including Europe, America, and Asia-Pacific, positioning the company as a leader in its field.

Waylens

Seed Round in 2015
Waylens, Inc. is a Boston-based company that specializes in designing and developing advanced camera systems tailored for vehicles. Founded in 2014, Waylens creates technology that captures driving experiences by integrating data from multiple sensors, including the vehicle's OBD computer through Bluetooth connectivity. This innovative approach allows users to produce hyper-realistic videos of their journeys, which can be easily saved and shared. Additionally, Waylens offers solutions for fleet management, delivering critical insights and real-time data to track both driver and vehicle performance. This functionality supports clients in optimizing costs while enhancing their fleet performance metrics and maintaining a comprehensive video library.

uSens

Seed Round in 2015
uSens develops human-computer interaction solutions, specializing in hand tracking technology for augmented/virtual reality. Its flagship product, Fingo, combines sensing devices and algorithm software to capture finger gestures. uSens also offers uSensAR, a smartphone AR engine, and SLAM-based mobile positional tracking solutions. Founded in 2013, the company is headquartered in San Jose, California.

SenseTime

Series A in 2014
Founded in 2014, SenseTime specializes in artificial intelligence technologies, focusing on computer vision and deep learning. It offers a range of AI solutions including face and body analysis, image recognition, video comprehension, SLAM and 3D Vision, robot sensing, autonomous driving, medical image analysis, and AI supercomputing platforms. Serving sectors such as smart city, mobile, entertainment, automobile, health, business, education, and advertising worldwide, SenseTime operates offices in major cities across Asia.

Xiaoi Robot

Series B in 2007
Shanghai Xiaoi Robot Technology Co., Ltd specializes in artificial intelligence (AI) technologies and applications, providing solutions across multiple industries, including telecommunications, finance, government, e-commerce, and healthcare. Founded in 2001 and based in Shanghai, the company has developed an extensive industrial knowledge base and a sophisticated human-machine dialogue engine. Its offerings encompass a wide range of core AI technologies, such as natural language processing, speech recognition, machine learning, and big data analytics. Xiaoi Robot operates a robust AI cloud service platform that enhances AI output through real user data, boasting over 1 billion users and facilitating more than 100 billion interactions globally. The company is recognized for its innovation, holding numerous national patents in areas like natural language processing and human-machine interaction. Through its diverse product portfolio, Xiaoi Robot generates revenue from software and cloud platform services, as well as maintenance and support services.

Xiaoi Robot

Series A in 2005
Shanghai Xiaoi Robot Technology Co., Ltd specializes in artificial intelligence (AI) technologies and applications, providing solutions across multiple industries, including telecommunications, finance, government, e-commerce, and healthcare. Founded in 2001 and based in Shanghai, the company has developed an extensive industrial knowledge base and a sophisticated human-machine dialogue engine. Its offerings encompass a wide range of core AI technologies, such as natural language processing, speech recognition, machine learning, and big data analytics. Xiaoi Robot operates a robust AI cloud service platform that enhances AI output through real user data, boasting over 1 billion users and facilitating more than 100 billion interactions globally. The company is recognized for its innovation, holding numerous national patents in areas like natural language processing and human-machine interaction. Through its diverse product portfolio, Xiaoi Robot generates revenue from software and cloud platform services, as well as maintenance and support services.

QQTechnology

Venture Round in 2001
Changxun Technology is a provider of intelligent IP network optimization, in-depth network security, and high speed integrated circuit design resolution solutions. The company synchronizes with a new generation of application development in network communications and regards personalized service as its core and business support as its orientation. Changxun Technology has over 100 employees, with 70% of them engaged in research and development work in underlying technologies. The company is focused on the feature recognition algorithm of the internet application protocol; fingerprint-search matching algorithm of internet applications, application structure SOC design of programmable integrated circuits; and system structure design and performance optimization. These are all based on high-speed all-connect interactive system design and performance optimization, programmable high-speed application interface customization and API design, and DPI technology application area. Established in 2001, Changxun Technology is headquartered in Beijing. There are more than 100 employees in this company now, and over 70% of them engage in research and development work of underlying technology.

Shipu

Series A in 1997
Shipu Software Company is focused on the development of digital photogrammetry systems (VirtuoZo), three-dimensional visual geographic information systems (AGIS), and remote sensing image processing systems (ImageXuite RS). The company also carries out the implementation and system integration of related projects. Shipu Software develops three (SGPS, RS, GIS) software products centered around photogrammetry. The international photogrammetry community has selected Shipu Software’s product, VirtuoZo, as one of the three most practical digital photogram metrical mapping systems.

Momenta

Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.
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