About Meridian Innovation
Meridian Innovation is a company based in Hong Kong (China) founded in 2016 by Hock Leow and Hasan Gadjali.. Meridian Innovation has raised $28.5 million across 5 funding rounds from investors including Creative, Excelpoint Technology and Hong Kong Science & Technology Parks Corporation. Meridian Innovation operates in a competitive market with competitors including GreenTEG, SatVu, Seek Thermal, SENSIA and MesoScribe, among others.
- Headquarter Hong Kong, China
- Founders Hock Leow, Hasan Gadjali
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Sectors
Industrial Goods & ManufacturingTechnology Aerospace, Defense & Maritime
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Email
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Phone
*********
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.5 M (USD)
in 5 rounds
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Latest Funding Round
$12.5 M (USD), Series C
Oct 07, 2024
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Investors
Creative
& 7 more
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Employee Count
Employee Count
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Funding Insights of Meridian Innovation
Meridian Innovation has successfully raised a total of $28.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $12.5 million completed in October 2024. 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 5
- Last Round Series C — $12.5M
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First Round
First Round
(26 Jun 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Meridian Innovation | Valuation |
investors |
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| Jul, 2021 | Amount | Debt – Conventional - Meridian Innovation | Valuation |
investors |
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| Jul, 2021 | Amount | Series B - Meridian Innovation | 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 Meridian Innovation
Meridian Innovation has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Creative, Excelpoint Technology and Hong Kong Science & Technology Parks Corporation. 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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A corporation focused on fostering innovation and technology ecosystems.
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Founded Year | Domain | Location | |
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Government-backed fund investing in tech startups
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Founded Year | Domain | Location | |
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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 Meridian Innovation
| 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 - Meridian Innovation
| 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 |
Meridian Innovation Comparisons
Competitors of Meridian Innovation
Meridian Innovation 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 GreenTEG, SatVu, Seek Thermal, SENSIA and MesoScribe, 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 |
Cloud-based temperature monitoring solutions and sensors are provided.
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| domain | founded_year | HQ Location |
Provider of satellite-based imaging systems
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| domain | founded_year | HQ Location |
Manufacturer of thermal imaging cameras, cores, and sensor boards for various uses
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| domain | founded_year | HQ Location |
Manufacturer of AI-based advanced infrared imaging solutions
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| domain | founded_year | HQ Location |
Heaters, heat flux sensors, and printed thermocouples are manufactured.
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| 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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Latest news on Meridian Innovation
Frequently Asked Questions about Meridian Innovation
When was Meridian Innovation founded?
Meridian Innovation was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Meridian Innovation located?
Meridian Innovation is headquartered in Hong Kong, China.
Who is the current CEO of Meridian Innovation?
Hock Leow is the current CEO of Meridian Innovation. They have also founded this company.
Is Meridian Innovation a funded company?
Meridian Innovation is a funded company, having raised a total of $28.5M across 5 funding rounds to date.
What does Meridian Innovation do?
Meridian Innovation was established in 2016 in Hong Kong, China, within the thermal imaging sector. Hybrid thermal sensing systems, camera modules, image processors, and smartphone attachments are produced. These components are applied in smart appliances, security systems, and thermography applications. A patented CMOS-compatible process is held by the company, supporting its operations in advanced sensing technology.
Who are the top competitors of Meridian Innovation?
Meridian Innovation's top competitors include SatVu, SENSIA and Seek Thermal.
Who are Meridian Innovation's investors?
Meridian Innovation has 8 investors. Key investors include Creative, Excelpoint Technology, Hong Kong Science & Technology Parks Corporation, SEEDS Capital, and Moveon.