About LenzTech
LenzTech is a company based in Beijing (China) founded in 2015 by James Tang and Mike Wang, and was acquired by Trax in June 2019. Retail technology solutions are developed by LenzTech in China. LenzTech has raised $19.62 million across 1 funding round from investors including Trax, ECOVACS Robotics and Tiantu Capital. Its chief executive, as recorded, is James Tang. LenzTech offers products and services including AI Image Recognition and Crowd-Sourcing Platform. Its legal entity in India is εδΊ¬ζιη§ζζιθ΄£δ»»ε ¬εΈ (U99999MH1977PLC010754).
Company details
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.
- Headquarters Beijing, China
- Founders James Tang, Mike Wang
- Stage Acquired
- Emailβ’β’β’β’β’β’β’β’
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- Website lenztechretail.com
- Acquired by Trax (Jun 2019)
- Legal Name 北京朗镜科技有限责任公司
- Date of Incorporation 10 Aug, 1977
- Jurisdiction Maharashtra, India
Associated legal entities of LenzTech
LenzTech operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | View details |
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.
- Total Funding $19.62M
- Total Rounds 1
- Last Round Series C β $19.62M
- First Round $19.62M
(Apr 2022)
- Investors Count 3
All 1 funding rounds of LenzTech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $19.62M | Series C | β | β |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in tech startups by Yunqi Partners. | yunqi.vc | Beijing, China | ||
| tiantu.com.cn | ||||
Cleanliness and safety robots are manufactured by ECOVACS Robotics. | 2006 | ecovacs.com | China | |
Cloud-based analytics solutions for retail shelf management are delivered. | 2010 | traxretail.com | Singapore, Singapore |
Investor details for LenzTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of LenzTech
2 people are tracked at LenzTech (2 in leadership).
| Name | Role | Group |
|---|---|---|
James Tang | Founder & CEO | Leadership |
Mike Wang | Co-Founder | Leadership |
Complete people profiles for LenzTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of LenzTech
3 dated milestones of LenzTech across 7 years, from founding to its latest funding, stage changes and deals.
- Founded LenzTech is founded.
- Exit Acquired by Trax.
- Funding First funding round of $19.6M.
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Related news about Lenztech
Complete news archive for 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 CEO of LenzTech, as recorded in our data. They have also founded this 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 2022.
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.
LenzTech operates through ,.
Yes. LenzTech was acquired by Trax in June 2019.