About PATEO
PATEO is a company based in Shanghai (China) founded in 2009. PATEO has raised $638.88 million across 13 funding rounds from investors including Xiaomi, Haier and Ping An. PATEO operates in a competitive market with competitors including Ouster, Innoviz, Luminar Technologies, LeddarTech and AEye, among others.
- Headquarter Shanghai, China
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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- Legal Name Pateo Connect Technology (Shanghai) Corporation Class H
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Annual Revenue
$356.66 M (USD)67.73as on Dec 31, 2024
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Net Profit
-$75.56 M (USD)-87.07as on Dec 31, 2024
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EBITDA
-$67.08 M (USD)-43.11as on Dec 31, 2024
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Total Equity Funding
$638.88 M (USD)
in 13 rounds
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Latest Funding Round
$208.02 M (USD), Series D
Mar 26, 2024
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Investors
Xiaomi
& 13 more
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Employee Count
Employee Count
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IPO & Listings of PATEO
PATEO is a publicly listed company on the HKEX with ticker symbol 2889 in Hong Kong, 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.
People of PATEO
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Funding Insights of PATEO
PATEO has successfully raised a total of $638.88M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $208.02 million completed in March 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 13
- Last Round Series D — $208.0M
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First Round
First Round
(16 Nov 2015)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Series D - PATEO | Valuation |
investors |
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| Nov, 2022 | Amount | Series C - PATEO | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - PATEO | Valuation |
investors |
Investors in PATEO
PATEO has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Xiaomi, Haier and Ping An.
| Investor | Description | Founded Year | Domain | Location |
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Investments & Acquisitions by PATEO
Financial Statements - PATEO
Pateo Comparisons
Competitors of PATEO
PATEO 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 Ouster, Innoviz, Luminar Technologies, LeddarTech and AEye, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of LiDAR-based sensors
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| domain | founded_year | HQ Location |
Developer of solid-state LiDAR sensors and perception software for autonomous vehicles
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| domain | founded_year | HQ Location |
LiDAR-based sensors for autonomous vehicles are developed.
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| domain | founded_year | HQ Location |
Developer of raw data fusion and perception software for automotive ADAS/AD
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| domain | founded_year | HQ Location |
AI and cloud-enabled solutions for automotive sensors are provided.
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| domain | founded_year | HQ Location |
AI-driven LiDAR sensing solutions are provided for detection and tracking.
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Latest news on Pateo
Frequently Asked Questions about PATEO
PATEO was founded in 2009 and raised its 1st funding round 6 years after it was founded.
PATEO is headquartered in Shanghai, China.
PATEO is a funded company, having raised a total of $638.88M across 13 funding rounds to date. The company's 1st funding round was a Series C of $149.36M, raised on Nov 16, 2015.
Annual revenue of PATEO is $356.66M as on Dec 31, 2024.
Pateo providesSaas AI enabled infotainment solutions for connected vehicles. It offers products that include connected car solutions packages for automotive OEMs including infotainment systems with related hardware and cloud-based telematics services. It has developed a smart car platform for OEMs to develop their infotainment dashboards and provide connected car services. It also has aftermarket products.
PATEO's top competitors include Ouster, Innoviz and Luminar Technologies.
Yes, PATEO is publicly traded on HKEX under the ticker symbol 2889.
PATEO has 14 investors. Key investors include Xiaomi, Haier, Ping An, Dongfeng Motor, and Suning Holdings Group.
The ticker symbol of PATEO is 2889 on HKEX.