About LenzTech
LenzTech is a company based in Beijing (China) founded in 2015 by James Tang and Mike Wang was acquired by Trax in June 2019.. LenzTech has raised $19.62 million across 1 funding round from investors including Trax, ECOVACS Robotics and Tiantu Capital. LenzTech offers products and services including AI Image Recognition and Crowd-Sourcing Platform.
- Headquarter Beijing, China
- Founders James Tang, Mike Wang
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Email
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Phone
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Website
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- Legal Name 北京朗镜科技有限责任公司
- Jurisdiction Na, Maharashtra, India
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Products & Services of LenzTech
LenzTech offers a comprehensive portfolio of products and services, including AI Image Recognition and Crowd-Sourcing Platform. 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.
AI image recognition is employed for analyzing retail shelf images to provide insights on product placement and promotions.
The crowd-sourcing platform is utilized for gathering and processing store data to enhance retail monitoring and compliance.
Funding Insights of LenzTech
LenzTech has successfully raised a total of $19.62M through 1 strategic funding round. The most recent funding activity was a Series C round of $19.62 million completed in April 2022. 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 1
- Last Round Series C — $19.6M
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First Round
First Round
(19 Apr 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series C - LenzTech | 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 LenzTech
LenzTech has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Trax, ECOVACS Robotics and Tiantu Capital. 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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Investments are made in tech startups by Yunqi Partners.
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Cleanliness and safety robots are manufactured by ECOVACS Robotics.
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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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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by LenzTech
| 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 - LenzTech
| 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 |
Lenztech Comparisons
Competitors of LenzTech
| 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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Frequently Asked Questions about LenzTech
When was LenzTech founded?
LenzTech was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is LenzTech located?
LenzTech is headquartered in Beijing, China.
Who is the current CEO of LenzTech?
James Tang is the current CEO of LenzTech. They have also founded this company.
Is LenzTech a funded company?
LenzTech is a funded company, having raised a total of $19.62M across 1 funding round to date. The company's 1st funding round was a Series C of $19.62M, raised on Apr 19, 2022.
What does LenzTech do?
LenzTech was established in 2015 in Beijing, China, with James Tang serving as Founder and CEO, and Mike Wang as Co-Founder. Operations are centered in the retail technology sector, as suggested by the companys domain. Focus is placed on technology applications for retail environments. Specific details regarding services, products, and broader activities are not widely documented, limiting comprehensive insights into daily functions or market reach.
What products or services does LenzTech offer?
LenzTech offers AI Image Recognition and Crowd-Sourcing Platform.
Who are LenzTech's investors?
LenzTech has 4 investors. Key investors include Trax, ECOVACS Robotics, Tiantu Capital, and Yunqi Partners.
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