About AInnovation
AInnovation is a company based in Haidian (China) founded in 2018 by Faen Zhang.. AInnovation has raised $131.55 million across 7 funding rounds from investors including CICC, CreditEase and China Renaissance Group. The company has 962 employees as of December 31, 2024. AInnovation operates in a competitive market with competitors including Verisk, Twiga Foods, Ambarella, Printful and dacadoo, among others.
- Headquarter Haidian, China
- Employees 962 as on 31 Dec, 2024
- Founders Faen Zhang
- Stage Public
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Sectors
RetailIndustrial Goods & Manufacturing Financial Services Technology
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Ainnovation Technology Group Co., Ltd Class H
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Annual Revenue
$169.96 M (USD)-31.54as on Dec 31, 2024
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Net Profit
$-82.9 M (USD)-0.05as on Dec 31, 2024
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EBITDA
$-41.51 M (USD)38.79as on Dec 31, 2024
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Total Equity Funding
$131.55 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
CICC
& 10 more
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Employee Count
962
as on Dec 31, 2024
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IPO & Listings of AInnovation
AInnovation is a publicly listed company on the HKEX with ticker symbol 2121 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of AInnovation
AInnovation has successfully raised a total of $131.55M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 May 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series D - AInnovation | Valuation |
investors |
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| Mar, 2021 | Amount | Series C - AInnovation | Valuation |
investors |
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| Dec, 2020 | Amount | Series C - AInnovation | Valuation | CICC ALPHA |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AInnovation
AInnovation has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include CICC, CreditEase and China Renaissance Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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CICC Alpha is engaged in private equity investment management.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AInnovation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AInnovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ainnovation Comparisons
Competitors of AInnovation
AInnovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Verisk, Twiga Foods, Ambarella, Printful and dacadoo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance data insight and risk analytics solutions for the insurance industry
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| domain | founded_year | HQ Location |
Farm products are distributed via an online marketplace to vendors.
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| domain | founded_year | HQ Location |
AI-enabled image processors are manufactured for ADAS and security applications.
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| domain | founded_year | HQ Location |
On-demand custom printing and fulfillment services are provided for e-commerce.
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| domain | founded_year | HQ Location |
Digital health engagement and risk quantification platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ainnovation
Frequently Asked Questions about AInnovation
When was AInnovation founded?
AInnovation was founded in 2018.
Where is AInnovation located?
AInnovation is headquartered in Haidian, China. It is registered at Haidian, Beijing, China.
Is AInnovation a funded company?
AInnovation is a funded company, having raised a total of $131.55M across 7 funding rounds to date.
How many employees does AInnovation have?
As of Dec 31, 2024, the latest employee count at AInnovation is 962.
What is the annual revenue of AInnovation?
Annual revenue of AInnovation is $169.96M as on Dec 31, 2024.
What does AInnovation do?
Founded in 2018 in Haidian, China, AI-based software is offered by AInnovation for the retail, manufacturing, and insurance sectors. Customer negligence data is analyzed intelligently, and flexible pricing is enabled for insurance operations. An image recognition and text analysis platform is provided to support underwriting of insurance claims. Cloud-based real-time risk assessment and loan strategy generation are delivered for housing, car, and consumer loans.
Who are the top competitors of AInnovation?
AInnovation's top competitors include Ambarella, Twiga Foods and dacadoo.
Is AInnovation publicly traded?
Yes, AInnovation is publicly traded on HKEX under the ticker symbol 2121.
Who are AInnovation's investors?
AInnovation has 11 investors. Key investors include CICC, CreditEase, China Renaissance Group, SoftBank Vision Fund, and Sunshine Capital.
What is AInnovation's ticker symbol?
The ticker symbol of AInnovation is 2121 on HKEX.
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