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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- 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.
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.
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.
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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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Investor details for LenzTech
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Investments & Acquisitions by LenzTech
Investment portfolio details for LenzTech
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Financial Statements - LenzTech
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Lenztech Comparisons
Peer comparison for LenzTech
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Competitors of LenzTech
Detailed competitors of LenzTech
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Latest news on Lenztech
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Frequently Asked Questions about LenzTech
LenzTech was founded in 2015 and raised its 1st funding round 7 years after it was founded.
LenzTech is headquartered in Beijing, China.
James Tang is the current CEO of LenzTech. They have also founded this company.
LenzTech is a funded company, having raised a total of $19.62M across 1 funding round to date.
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.
LenzTech offers AI Image Recognition and Crowd-Sourcing Platform.
LenzTech has 4 investors. Key investors include Trax, ECOVACS Robotics, Tiantu Capital, and Yunqi Partners.