Antwork Funding, Investors & Competitors

Antwork has raised $320M across 4 funding rounds, most recently a Series C in November 2025.

Last Antwork funding round

Series C

Amount undisclosed · Nov 2025

Cumulative funding Antwork raised

$320M

across 4 funding rounds

Key investors in Antwork

  • UnityVC
  • HSG
  • Gobi Partners
  • Panda Capital
  • Jiuhe Venture Capital
  • Raytheon
  • Hangzhou Low Altitude Industry Development
  • Sichuan Development Guidance Fund

Antwork Overview

About Antwork

Antwork is an AI-powered drone logistics firm developing autonomous networks for package delivery using drones and ground vehicles. Headquartered in China, it focuses on urban last-mile solutions with integrated software for flight planning and payload management.


Founded

2015

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

Antwork Funding History

Antwork has raised a total of $320M across 4 funding rounds.

Antwork's first fundraising round was a $4M Series A in August 2018. The most recent completed round was a Series C in November 2025.

Antwork funding rounds

Antwork funding rounds
DateStageInvestorsRaised
Nov 2025Series CHangzhou Low Altitude Industry Development (lead); Zigong General Aviation Industry Development Equity Investment Fund (lead); Sichuan Development Guidance Fund-
Dec 2021Series BThor Capital Group (lead); UnityVC$314M
Nov 2021Series BRaytheon (lead); Jiuhe Venture Capital$2M
Aug 2018Series AUnityVC; Gobi Partners; Panda Capital; HSG$4M

Who has invested in Antwork?

10 investors have backed Antwork across its funding rounds, including UnityVC, HSG, Gobi Partners, Panda Capital, Jiuhe Venture Capital and Raytheon.

Lead investors include Hangzhou Low Altitude Industry Development, Zigong General Aviation Industry Development Equity Investment Fund, Thor Capital Group and Raytheon.


Antwork Investors

Investors in Antwork by funding rounds participated
InvestorHQRoundsRoleFirst check
UnityVCChinaBeijing2ParticipantAug 2018
Sichuan Development Guidance FundChinaChengdu1ParticipantNov 2025
Gobi PartnersMalaysiaKuala Lumpur1ParticipantAug 2018
Jiuhe Venture Capital--1ParticipantNov 2021
RaytheonUnited StatesWashington, DC1LeadNov 2021
Panda CapitalChinaShanghai1ParticipantAug 2018
Zigong General Aviation Industry Development Equity Investment FundChinaChina1LeadNov 2025
HSGHong KongHong Kong1ParticipantAug 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Antwork Competitors

Antwork competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Dexterity, Cowarobot, AI² Robotics and Orby.

Public and private companies comparable to Antwork
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DexterityUnited StatesSan Francisco, CAPrivate--$1.4B-
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
CowarobotChinaShanghaiPrivate$140M-$3B21.4x
AI² RoboticsChinaBeijingPrivate$15M-$3B-
OrbyUnited StatesSan Francisco, CAPrivate--$2.5B-
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x

Antwork Public Comps

Antwork is still privately-owned, but its public comps include Tesla, Stryker, UPS, Canadian National Railway, FedEx, Deutsche Post, Maersk, DSV, Adani Ports & Special and Poste Italiane.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
UPS$89B$12B1.2x1.2x9.2x8.8x
Canadian National Railway$12B$6.5B7.2x6.8x13.6x13.9x
FedEx$95B$11B1.1x1.1x9.5x9.9x
Deutsche Post$95B$13B1.0x1.0x7.8x7.4x
Maersk$54B$10B1.1x1.0x5.9x5.4x
DSV$38B$3.6B1.6x1.3x16.4x11.5x

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Common questions about Antwork

When was Antwork founded?Antwork was founded in 2015.
Where is Antwork headquartered?Antwork is headquartered in Hangzhou, China.
Is Antwork publicly listed?No, Antwork is a private, VC-backed company.
How much funding has Antwork raised?Antwork has raised $320M across 4 funding rounds.
What was Antwork's last funding round?Antwork's last funding round was a Series C in November 2025, led by Hangzhou Low Altitude Industry Development and Zigong General Aviation Industry Development Equity Investment Fund.
Who are Antwork's investors?Antwork's investors include UnityVC, Sichuan Development Guidance Fund, Gobi Partners, Jiuhe Venture Capital, Raytheon, Panda Capital, Zigong General Aviation Industry Development Equity Investment Fund, HSG, Thor Capital Group and Hangzhou Low Altitude Industry Development.
Which companies are comparable to Antwork?Companies comparable to Antwork include Dexterity, UBtech Robotics, Cowarobot, AI² Robotics, Orby and Infleqtion.

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