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
*********
- Legal Name Pateo Connect Technology (Shanghai) Corporation Class H
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Annual Revenue
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Net Profit
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EBITDA
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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.
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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 |
| 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 |
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. 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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Founded Year | Domain | Location | |
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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 PATEO
| 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 - PATEO
| 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 |
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. 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 |
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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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Pateo
Frequently Asked Questions about PATEO
When was PATEO founded?
PATEO was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is PATEO located?
PATEO is headquartered in Shanghai, China.
Is PATEO a funded company?
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.
What does PATEO do?
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.
Who are the top competitors of PATEO?
PATEO's top competitors include Ouster, Innoviz and Luminar Technologies.
Is PATEO publicly traded?
Yes, PATEO is publicly traded on HKEX under the ticker symbol 2889.
Who are PATEO's investors?
PATEO has 14 investors. Key investors include Xiaomi, Haier, Ping An, Dongfeng Motor, and Suning Holdings Group.
What is PATEO's ticker symbol?
The ticker symbol of PATEO is 2889 on HKEX.