Aibee Valuation, Funding & Investors

Aibee is valued at $1B as of March 2022.

See full Aibee profile

Last Aibee valuation

$1B

Undisclosed stage · Mar 2022

Last Aibee funding round

$100M

Undisclosed stage · Mar 2022

Cumulative funding Aibee raised

$274M

across 6 funding rounds

Key investors in Aibee

  • HSG
  • ZhenFund
  • K2VC
  • Lenovo Capital and Incubator Group (LCIG)
  • Sequoia Capital
  • GSR Ventures

Aibee Overview

About Aibee

Aibee develops artificial intelligence solutions specializing in computer vision, speech recognition, natural language processing, and robotics for vertical industries including retail, finance, and healthcare. Beijing-headquartered and founded in 2017, the company partners with Alibaba Cloud and serves clients like China Resources Vanguard, deploying AI systems that process over 10 million daily transactions in smart retail applications.


Founded

2017

HQ

ChinaBeijing

Website

aibee.com

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$1B (Mar 2022)

Aibee Valuation

Aibee is currently valued at $1B, based on its undisclosed-stage round in March 2022.

The $100M round was led by Xiaomi, with participation from China Merchants Venture Capital.

Aibee's valuation has grown 8.0x from $125M at its undisclosed-stage round in January 2018 to $1B in March 2022, across 3 priced rounds.

Aibee valuation by funding round

Aibee valuation by funding round
DateStageValuation
Mar 2022Undisclosed stage$1B
Dec 2019Series A$169M
Jan 2018Undisclosed stage$125M

Aibee Funding History

Aibee has raised a total of $274M across 6 funding rounds.

Aibee's first fundraising round was a $4M seed round in November 2017. The most recent completed round was a $100M undisclosed-stage round in March 2022.

Aibee funding rounds

Aibee funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Undisclosed stageXiaomi (lead); China Merchants Venture Capital$100M$1BAibee, founded in November 2017, specializes in applying digitalized and intelligent AI solutions to the physical world, advocating the 'OOO' (Offline Online One-world) AI solution in China as an 'Offline-Online-Connector.' It integrates AI technologies including computer vision, big data analysis, and robotics to enable intelligent operations and management for offline stores. Aibee focuses on five key business scenarios: shopping centers, brand chain stores, airports, tourist spots, and high-speed railway stations. It has developed efficient robot 3D scanning technology that integrates static objects with dynamic people and vehicles into a unified digital analysis system. Before the strategic investment, Xiaomi's Mi Home stores reached a comprehensive cooperation with Aibee for digitalization, upgrading 300 offline stores within two months. Aibee aims to empower enterprises with digitalization for efficient store and mall operations, such as optimizing product storage and customer guidance, and consumers with AR/VR indoor navigation without GPS. The company announced a new round of strategic investment on March 18, 2022, led by Xiaomi and followed by China Merchants Capital. Prior to this, Aibee had completed an angel round in January 2018 raising 165 million yuan ($26 million) from China Growth Capital.
Dec 2019Series ABeijing Singularity Power Investment Fund (lead); ClearVue Partners (lead); Chow Tai Fook; GSR Ventures; HSG$74M$169MAibee is an AI solution developer focused on providing integral AI solutions for traditional industries, including voice recognition, language understanding, and data analysis services. The company, founded around 2017, rapidly raised significant funding in its early stages, achieving over USD 100 million in total by late 2018 across angel, pre-A, and Series A rounds. Prior to the queried 2019 round, Aibee completed a Series A funding of USD 60 million in November 2018, led by Red Star Macalline and Sequoia Capital China, with participation from LCIG, Zhongli Hecai Capital, K2VC, and C Ventures. Earlier, it raised CNY 150 million (USD 21.59 million) in an angel round in January 2018 and nearly CNY 100 million (USD 14 million) in a pre-A round in May 2018 from K11 founder Zheng Zhigang. Aibee continued raising capital, reaching a total of $175.31 million over 7 rounds by March 2022, with a post-money valuation of $1,200 million in its Series B round on April 13, 2021. Later investors included China Merchants Capital in the Series C on March 17, 2022, among 24 total backers.
Nov 2018Series AHSG (lead); Red Star Macalline Group (lead); AME Cloud Ventures; Lenovo Capital and Incubator Group (LCIG); K2VC; C Ventures; Zhongli Hecai Capital$60M--
May 2018Strategic investmentAdrian Cheng (lead)$10M-Aibee, a Beijing-based artificial intelligence solution developer, received RMB 100 million (approximately $15.7 million) from K11 founder Adrian Cheng around May 7, 2018, as part of strategic investments following its angel round. This followed Aibee's January 16, 2018 announcement of RMB 165 million in angel funding. The investment from Adrian Cheng aligned with a strategic partnership with K11. Later rounds included a $60 million Series A led by Sequoia Capital and Red Star Macalline, with participation from C Ventures (linked to Adrian Cheng), and a $74 million Series A1 in December 2019 led by ClearVue Partners and Singularity Power Capital.
Jan 2018Undisclosed stageKinzon Capital (lead); ZhenFund; Lenovo Capital and Incubator Group (LCIG); K2VC; Sequoia Capital; China Growth Capital; Yonghua Capital$26M$125MAibee is a Chinese artificial intelligence startup founded in November 2017 by Dr. Yuanqing Lin, specializing in AI total solutions for vertical industries including computer vision, speech recognition, natural language understanding, and big data analytics. The company targets sectors such as retail, parking, banking, airport operations, tourism, and real estate to upgrade operations and enhance customer experiences through a closed loop of algorithms and data for continuous AI refinement. In January 2018, Aibee completed an angel round financing totaling 165 million yuan (approximately $26 million), with investors including China Growth Capital (noted as Cgcvc investing $22.9M), matching the query's investors like China Growth Capital, K2VC, Kinzon Capital (lead), Lenovo Capital and Incubator Group, Sequoia Capital, Yonghua Capital, and ZhenFund. Later developments include additional funding pushing total raised to around $173.5M-$179M across multiple rounds, achieving unicorn status with over $1B valuation by 2022 after a ~$100M round, and investments from Xiaomi and others, but these post-date the queried round.
Nov 2017SeedZhenFund (lead)$4M--

Who has invested in Aibee?

19 investors have backed Aibee across its funding rounds, including HSG, ZhenFund, K2VC, Lenovo Capital and Incubator Group (LCIG), Sequoia Capital and GSR Ventures.

Lead investors include Xiaomi, Beijing Singularity Power Investment Fund, ClearVue Partners, HSG, Red Star Macalline Group and 3 other investors.


Aibee Investors

Investors in Aibee by funding rounds participated
InvestorHQRoundsRoleFirst check
ZhenFundChinaBeijing2LeadNov 2017
Lenovo Capital and Incubator Group (LCIG)ChinaBeijing2ParticipantJan 2018
K2VCChinaBeijing2ParticipantJan 2018
HSGHong KongHong Kong2LeadNov 2018
Red Star Macalline GroupChinaShanghai1LeadNov 2018
China Merchants Venture CapitalChinaShenzhen1ParticipantMar 2022
Chow Tai FookHong KongHong Kong1ParticipantDec 2019
XiaomiChinaBeijing1LeadMar 2022
Kinzon CapitalChinaBeijing1LeadJan 2018
ClearVue PartnersChinaShanghai1LeadDec 2019
AME Cloud VenturesUnited StatesSan Francisco, CA1ParticipantNov 2018
Sequoia CapitalUnited StatesSan Francisco, CA1ParticipantJan 2018
China Growth CapitalChinaBeijing1ParticipantJan 2018

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Aibee Competitors

Aibee competitors include listed companies like Fractal Analytics and Rezolve AI, and private ones like Reka AI, Tractable, Invoca and Labelbox.

Public and private companies comparable to Aibee
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Reka AIUnited StatesSan Francisco, CAPrivate--$1B-
TractableUnited KingdomLondonPrivate--$1B-
InvocaUnited StatesSanta Barbara, CAPrivate$100M-$1.1B11.0x
LabelboxUnited StatesSan Francisco, CAPrivate$33M-$900M27.3x
Fractal AnalyticsIndiaIndiaPublicly listed$344M$50M$1.3B3.4x
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x

Aibee Public Comps

Aibee is still privately-owned, but its public comps include Appier Group, Rackspace, iFLYHealth, Rezolve AI, Beijing CTJ Info Tech, ODDITY Tech, Braiin, ZoomInfo, Beijing Haitian Ruisheng and Beijing Deep Glint Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
ODDITY Tech$810M$131M1.5x1.8x9.6x18.3x
Braiin$73M($15M)15.8x13.0x(76.1x)89.6x
ZoomInfo$1.2B$326M2.0x2.1x7.8x5.1x

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Common questions about Aibee

When was Aibee founded?Aibee was founded in 2017.
Where is Aibee headquartered?Aibee is headquartered in Beijing, China.
Is Aibee publicly listed?No, Aibee is a private, VC-backed company.
What is Aibee's valuation?Aibee was last valued at $1B in its undisclosed-stage round in March 2022.
How much funding has Aibee raised?Aibee has raised $274M across 6 funding rounds.
What was Aibee's last funding round?Aibee's last funding round was a $100M undisclosed-stage round in March 2022, led by Xiaomi.
Who are Aibee's investors?Aibee's investors include ZhenFund, Lenovo Capital and Incubator Group (LCIG), K2VC, HSG, Red Star Macalline Group, China Merchants Venture Capital, Chow Tai Fook, Xiaomi, Kinzon Capital, ClearVue Partners and 9 others.
Which companies are comparable to Aibee?Companies comparable to Aibee include Reka AI, Tractable, Invoca, Labelbox, Fractal Analytics and Rezolve AI.

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