About YITU
YITU is a company based in Xuhui (China) founded in 2012 by Leo Zhu and Lin Chenxi.. YITU has raised $385.07 million across 11 funding rounds from investors including China Merchants Bank, Anker Innovations and Cornerstone Capital Group. YITU operates in a competitive market with competitors including Veritone, Otter.ai, Deepgram, Anyscale and Verbit, among others.
- Headquarter Xuhui, China
- Founders Leo Zhu, Lin Chenxi
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Sectors
Technology
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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
$385.07 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
China Merchants Bank
& 16 more
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Employee Count
Employee Count
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Funding Insights of YITU
YITU has successfully raised a total of $385.07M across 11 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 11
- Last Round Last Round
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - YITU | Valuation | Yunqi Partners , Cornerstone Capital Group | |
| Aug, 2021 | Amount | Series C - YITU | Valuation |
investors |
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| Mar, 2020 | Amount | Series C - YITU | Valuation |
investors |
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| 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 YITU
YITU has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include China Merchants Bank, Anker Innovations and Cornerstone Capital Group. 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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Investments are made in tech startups by Yunqi Partners.
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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 YITU
| 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 - YITU
| 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 |
Yitu Comparisons
Competitors of YITU
YITU 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 Veritone, Otter.ai, Deepgram, Anyscale and Verbit, 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 |
AI-driven analytics for audio and video content are provided.
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| domain | founded_year | HQ Location |
AI-based voice transcription for meetings is provided via cloud software.
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| domain | founded_year | HQ Location |
AI-based speech transcription software is provided using deep learning models.
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| domain | founded_year | HQ Location |
Provider of an AI-based open source framework for building distributed applications
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| domain | founded_year | HQ Location |
Speech recognition applications are developed via cloud-based AI platform.
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| domain | founded_year | HQ Location |
AI and SaaS-based ML solutions
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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 Yitu
Frequently Asked Questions about YITU
When was YITU founded?
YITU was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is YITU located?
YITU is headquartered in Xuhui, China. It is registered at Xuhui, Shanghai, China.
Who is the current CEO of YITU?
Leo Zhu is the current CEO of YITU. They have also founded this company.
Is YITU a funded company?
YITU is a funded company, having raised a total of $385.07M across 11 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Aug 01, 2013.
What does YITU do?
Founded in 2012 in Xuhui, China, Yitu develops AI technologies including computer vision, natural language processing, knowledge reasoning, intelligent hardware, and robotics. These are applied across sectors such as security, finance, transportation, and healthcare. Security systems, identification authentication, and recognition solutions are created to support business operations in these areas.
Who are the top competitors of YITU?
Who are YITU's investors?
YITU has 17 investors. Key investors include China Merchants Bank, Anker Innovations, Cornerstone Capital Group, SPDB International Holdings, and Yunqi Partners.
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