About Hesai Technology
Hesai Technology is a company based in Shanghai (China) founded in 2014 by Yifan Li, Shaoqing Xiang, and Kai Sun.. Hesai Technology has raised $598.93 million across 6 funding rounds from investors including Meituan, Xiaomi and ON Semiconductor. The company has 1,020 employees as of December 31, 2024. Hesai Technology operates in a competitive market with competitors including Ouster, Innoviz, Luminar Technologies, LeddarTech and AEye, among others.
- Headquarter Shanghai, China
- Employees 1020 as on 31 Dec, 2024
- Founders Yifan Li, Shaoqing Xiang, Kai Sun
- Stage Public
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hesai Group Sponsored Adr
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Annual Revenue
$288.62 M8.95as on Dec 31, 2024
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Net Profit
$-14.23 M78.83as on Dec 31, 2024
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EBITDA
$-48.52 M32.84as on Dec 31, 2024
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Total Equity Funding
$598.93 M (USD)
in 6 rounds
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Latest Funding Round
$70 M (USD), Series D
Nov 16, 2021
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Investors
Meituan
& 17 more
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Employee Count
1020
as on Dec 31, 2024
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IPO & Listings of Hesai Technology
Hesai Technology is a publicly listed company on the NASDAQ with ticker symbol HSAI in USA, operating in the Producer manufacturing 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 Hesai Technology
Hesai Technology has successfully raised a total of $598.93M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $70 million completed in November 2021. 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 6
- Last Round Series D — $70.0M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - Hesai Technology | Valuation | Xiaomi |
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| Jun, 2021 | Amount | Series D - Hesai Technology | Valuation | Hillhouse , Xiaomi | |
| Jan, 2020 | Amount | Series C - Hesai Technology | Valuation | Bosch , Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Hesai Technology
Hesai Technology has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Meituan, Xiaomi and ON Semiconductor. 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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Global private equity investments are managed with long-term focus.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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 Hesai Technology
| 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 - Hesai Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Hesai Technology Comparisons
Competitors of Hesai Technology
Hesai Technology 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 Ouster, Innoviz, Luminar Technologies, LeddarTech and AEye, 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 |
Developer of LiDAR-based sensors
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| domain | founded_year | HQ Location |
Developer of solid-state LiDAR sensors and perception software for autonomous vehicles
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| domain | founded_year | HQ Location |
LiDAR-based sensors for autonomous vehicles are developed.
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| domain | founded_year | HQ Location |
Developer of raw data fusion and perception software for automotive ADAS/AD
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| domain | founded_year | HQ Location |
AI and cloud-enabled solutions for automotive sensors are provided.
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| domain | founded_year | HQ Location |
AI-driven LiDAR sensing solutions are provided for detection and tracking.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Hesai Technology
Frequently Asked Questions about Hesai Technology
When was Hesai Technology founded?
Hesai Technology was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Hesai Technology located?
Hesai Technology is headquartered in Shanghai, China.
Who is the current CEO of Hesai Technology?
Yifan Li is the current CEO of Hesai Technology. They have also founded this company.
Is Hesai Technology a funded company?
Hesai Technology is a funded company, having raised a total of $598.93M across 6 funding rounds to date. The company's 1st funding round was a Series C of $173M, raised on Jan 01, 2015.
How many employees does Hesai Technology have?
As of Dec 31, 2024, the latest employee count at Hesai Technology is 1,020.
What is the annual revenue of Hesai Technology?
Annual revenue of Hesai Technology is $288.62M as on Dec 31, 2024.
What does Hesai Technology do?
Hesai Technology was founded in 2014 in Shanghai, China, focusing on LiDAR sensors for autonomous systems. Mechanical and solid-state LiDAR units are produced, alongside sensing kits that combine cameras, LiDAR, and processing for calibration and synchronization. A laser methane leak detector and drone-based natural gas monitoring system are provided for energy uses. Operations extend to logistics, robotics, automotive, and industrial fields.
Who are the top competitors of Hesai Technology?
Hesai Technology's top competitors include Ouster, Innoviz and Luminar Technologies.
Is Hesai Technology publicly traded?
Yes, Hesai Technology is publicly traded on NASDAQ under the ticker symbol HSAI.
Who are Hesai Technology's investors?
Hesai Technology has 18 investors. Key investors include Meituan, Xiaomi, ON Semiconductor, Bosch, and Lightspeed Venture Partners.
What is Hesai Technology's ticker symbol?
The ticker symbol of Hesai Technology is HSAI on NASDAQ.
What is Hesai Technology's valuation?
The valuation of Hesai Technology is $2B as of Jun 2021.
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