About iFLYTEK
iFLYTEK is a company based in Hefei (China) founded in 1999 by Qingfeng Liu.. The company has 17,550 employees as of December 31, 2024. iFLYTEK offers products and services including Smart Translator, Smart Recorder, Smart Recorder Pro, AINOTE Air 2, and Smart Dictionary Pen. iFLYTEK operates in a competitive market with competitors including Otter.ai, AssemblyAI, AudioEye, YITU and WellSaid Labs, among others.
- Headquarter Hefei, China
- Employees 17550 as on 31 Dec, 2024
- Founders Qingfeng Liu
- Stage Public
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Iflytek Co., Ltd. Class A
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Annual Revenue
$3.18 B (USD)18.82as on Dec 31, 2024
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Net Profit
$76.74 M (USD)-14.78as on Dec 31, 2024
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EBITDA
$232.9 M (USD)69.72as on Dec 31, 2024
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Latest Funding Round
$407 M (USD), Post-IPO
Jul 17, 2019
- Investors
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Employee Count
17550
as on Dec 31, 2024
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IPO & Listings of iFLYTEK
iFLYTEK is a publicly listed company on the SZSE with ticker symbol 002230 in China, 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.
Products & Services of iFLYTEK
iFLYTEK offers a comprehensive portfolio of products and services, including Smart Translator, Smart Recorder, Smart Recorder Pro, AINOTE Air 2, and Smart Dictionary Pen. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for real-time language translation and communication support.
Tool for transcribing spoken words into text efficiently.
Enhanced recorder for effortless voice-to-text conversion.
Combines voice, paper, and eReader functions for versatile use.
Portable device for quick language learning and definitions.
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Funding Insights of iFLYTEK
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $407.0M
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First Round
First Round
(17 Jul 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Post-IPO - iFLYTEK | Valuation |
investors |
| 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 iFLYTEK
iFLYTEK has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include China Guoxin Holding. 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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Manages diversified investment portfolios across various asset classes.
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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 iFLYTEK
| 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 - iFLYTEK
| 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 |
Iflytek Comparisons
Competitors of iFLYTEK
iFLYTEK 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 Otter.ai, AssemblyAI, AudioEye, YITU and WellSaid Labs, 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 |
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| domain | founded_year | HQ Location |
AI-based voice transcription for meetings is provided via cloud software.
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| domain | founded_year | HQ Location |
Provider of speech to text solutions
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| domain | founded_year | HQ Location |
Cloud-based accessibility tools are offered to businesses for digital compliance.
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| domain | founded_year | HQ Location |
AI-based decision intelligence platforms are provided for multiple sectors.
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| domain | founded_year | HQ Location |
AI platform for generating realistic voices in training, advertising, and video production.
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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 Iflytek
Frequently Asked Questions about iFLYTEK
When was iFLYTEK founded?
iFLYTEK was founded in 1999 and raised its 1st funding round 20 years after it was founded.
Where is iFLYTEK located?
iFLYTEK is headquartered in Hefei, China. It is registered at Hefei, Anhui, China.
Who is the current CEO of iFLYTEK?
Qingfeng Liu is the current CEO of iFLYTEK. They have also founded this company.
How many employees does iFLYTEK have?
As of Dec 31, 2024, the latest employee count at iFLYTEK is 17,550.
What is the annual revenue of iFLYTEK?
Annual revenue of iFLYTEK is $3.18B as on Dec 31, 2024.
What does iFLYTEK do?
Founded in 1999 in Hefei, China, iFLYTEK operates in the artificial intelligence sector, focusing on speech and language technologies. Services encompass speech recognition, text-to-speech conversion, natural language comprehension, speech evaluation, voiceprint analysis, and handwriting recognition. Support is extended to multiple dialects and languages, with translator devices enabling cross-language communication, subtitling, and offline translation for diverse applications.
Who are the top competitors of iFLYTEK?
What products or services does iFLYTEK offer?
iFLYTEK offers Smart Translator, Smart Recorder, Smart Recorder Pro, AINOTE Air 2, and Smart Dictionary Pen.
Is iFLYTEK publicly traded?
Yes, iFLYTEK is publicly traded on SZSE under the ticker symbol 002230.
Who are iFLYTEK's investors?
iFLYTEK has 1 investor. Key investors include China Guoxin Holding.
What is iFLYTEK's ticker symbol?
The ticker symbol of iFLYTEK is 002230 on SZSE.
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