About Xiaoice
Xiaoice is a company based in Beijing (China) founded in 2014 by Baoyuan Wang.. Xiaoice has raised $216.06 million across 2 funding rounds from investors including NetEase Games, Neumann and NetEase. Xiaoice operates in a competitive market with competitors including Mind Logic, Butterflies, MindOS, Spruce and Aigo, among others.
- Headquarter Beijing, China
- Founders Baoyuan Wang
- Stage Unicorn
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Sectors
Technology
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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
$216.06 M (USD)
in 2 rounds
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Latest Funding Round
$139.06 M (USD), Series B
Nov 07, 2022
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Investors
NetEase Games
& 8 more
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Employee Count
Employee Count
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Funding Insights of Xiaoice
Xiaoice has successfully raised a total of $216.06M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $139.06 million completed in November 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 Total Funding
- Total Rounds 2
- Last Round Series B — $139.1M
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First Round
First Round
(12 Jul 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series B - Xiaoice | Valuation | Sequoia Capital |
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| Jul, 2021 | Amount | Series A - Xiaoice | Valuation | Hillhouse |
| 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 Xiaoice
Xiaoice has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include NetEase Games, Neumann and NetEase. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Global private equity investments are managed with long-term focus.
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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 |
| 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 Xiaoice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Xiaoice
| 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 |
Xiaoice Comparisons
Competitors of Xiaoice
Xiaoice 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 Mind Logic, Butterflies, MindOS, Spruce and Aigo, 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 |
Protoype provider for AI-based conversational chatbot development
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| domain | founded_year | HQ Location |
AI-powered social media platform
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| domain | founded_year | HQ Location |
Provider of AI and subscription-based multiple task management platform
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| domain | founded_year | HQ Location |
Spruce is engaged in providing real estate closing services.
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| domain | founded_year | HQ Location |
AI assistants for consumers and enterprises are developed by Aigo.
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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 Xiaoice
Frequently Asked Questions about Xiaoice
When was Xiaoice founded?
Xiaoice was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Xiaoice located?
Xiaoice is headquartered in Beijing, China.
Is Xiaoice a funded company?
Xiaoice is a funded company, having raised a total of $216.06M across 2 funding rounds to date. The company's 1st funding round was a Series A of $77M, raised on Jul 12, 2021.
What does Xiaoice do?
Xiaoice was founded in 2014 in Beijing, China, within the artificial intelligence sector. An emotional computing framework is utilized to power a chatbot platform. Virtual companionship products are delivered, encompassing virtual friends for social interaction, digital experts for specialized advice, and virtual employees for operational support. The platform operates primarily through its domain, xiaoice.com, serving users in digital companionship needs. Co-founder Baoyuan Wang contributes to its leadership.
Who are the top competitors of Xiaoice?
Xiaoice's top competitors include Spruce, Butterflies and Mind Logic.
Who are Xiaoice's investors?
Xiaoice has 9 investors. Key investors include NetEase Games, Neumann, NetEase, Sequoia Capital, and Hillhouse.
What is Xiaoice's valuation?
The valuation of Xiaoice is $1B as of Jul 2021.