About XAG
XAG is a company based in Tianhe (China) founded in 2007 by Bin Peng and Justin Gong.. XAG has raised $247.61 million across 4 funding rounds from investors including SoftBank Vision Fund, Haitou Global and Innovation Works. XAG operates in a competitive market with competitors including DJI, Skydio, ideaForge, Vantage Robotics and Pyka, among others.
- Headquarter Tianhe, China
- Founders Bin Peng, Justin Gong
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Sectors
TechnologyAgriculture Industrial Goods & Manufacturing Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$247.61 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
SoftBank Vision Fund
& 7 more
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Employee Count
Employee Count
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Funding Insights of XAG
XAG has successfully raised a total of $247.61M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(01 Sep 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series C - XAG | Valuation | Chuangxin Innovation Works |
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| Mar, 2021 | Amount | Series C - XAG | Valuation | GL Ventures |
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| Nov, 2020 | Amount | Series C - XAG | Valuation | SoftBank Vision Fund , Baidu Ventures |
| 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 XAG
XAG has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include SoftBank Vision Fund, Haitou Global and Innovation Works. 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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Innovation Works is engaged in venture capital for technology startups.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Early-stage tech investments are targeted in China and the US.
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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 XAG
| 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 - XAG
| 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 |
Xag Comparisons
Competitors of XAG
XAG 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 DJI, Skydio, ideaForge, Vantage Robotics and Pyka, 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 |
Multi-utility drones are developed for agriculture and filmmaking sectors.
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| domain | founded_year | HQ Location |
Autonomous drones, software, and accessories are manufactured for various sectors.
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| domain | founded_year | HQ Location |
Developer of unmanned aerial vehicles
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| domain | founded_year | HQ Location |
Unmanned aircraft systems are developed for government and business clients.
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| domain | founded_year | HQ Location |
Fixed-wing aerial vehicles are manufactured for autonomous crop spraying.
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| domain | founded_year | HQ Location |
Conducts R&D on, and markets, drones and robotics-based technologies.
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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 Xag
Frequently Asked Questions about XAG
When was XAG founded?
XAG was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is XAG located?
XAG is headquartered in Tianhe, China. It is registered at Tianhe, Guangdong, China.
Is XAG a funded company?
XAG is a funded company, having raised a total of $247.61M across 4 funding rounds to date. The company's 1st funding round was a Series C of $181.61M, raised on Sep 01, 2014.
What does XAG do?
XAG was founded in 2007 in Tianhe, China, within the agricultural technology sector. Smart machinery and related technologies are developed and manufactured, including drones for spraying, seeding, and transportation; self-driving equipment; and systems for water and fertilizer management. Operations focus on automation to address labor shortages and environmental challenges, with solutions provided across farming processes in various geographies.
Who are XAG's investors?
XAG has 8 investors. Key investors include SoftBank Vision Fund, Haitou Global, Innovation Works, GL Ventures, and Yuexiu Financial Holding Group.
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