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- COSMOplat
COSMOplat Valuation, Funding & Investors
COSMOplat is valued at $1B as of September 2021.
Last COSMOplat valuation
$1B
Series B · Sep 2021
Last COSMOplat funding round
$155M
Series B · Sep 2021
Cumulative funding COSMOplat raised
$318M
across 3 funding rounds
Key investors in COSMOplat
Cowin Capital
SAIF Partners
China Development Bank Capital
Hongtai Fund
China Merchants Securities
TopoScend Capital
About COSMOplat
COSMOplat is an industrial Internet of Things platform operated by Haier Group that connects manufacturers with suppliers and customers for customized production. Launched in 2017 and headquartered in Qingdao, China, with operations in Shanghai, the platform serves over 120 million interconnected devices across 200 countries. It enables mass customization through modules for smart design, intelligent manufacturing, and supply chain management, supporting clients like General Electric and Procter & Gamble in sectors ranging from appliances to automotive parts.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Sep 2021)
COSMOplat Valuation
COSMOplat is currently valued at $1B, based on its Series B in September 2021.
The $155M round was led by Hongtai Fund.
COSMOplat valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Series B | $1B |
COSMOplat Funding History
COSMOplat has raised a total of $318M across 3 funding rounds.
COSMOplat's first fundraising round was a $134M Series A in April 2020. The most recent completed round was a $155M Series B in September 2021.
COSMOplat funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2021 | Series B | Hongtai Fund (lead) | $155M | $1B | The company operates in the Asia region, likely focused on industrial IoT or platform technology based on its name and a related HKEX filing for COSMOPlat IoT Technology Co., Ltd., which appears to be pursuing a public listing. |
| Jul 2020 | Series A | China Development Bank Capital (lead) | $29M | - | - |
| Apr 2020 | Series A | China Structural Reform Fund (lead); SAIF Partners; Cowin Capital; TopoScend Capital; GF Venture Capital; China Merchants Securities | $134M | - | COSMOplat, founded in 2017 and based in Qingdao, China, is an industrial internet platform developed by Haier that enables mass customization through user participation in manufacturing processes, integrating digital twin technology, real-time monitoring, and manufacturing operation management systems for industries like manufacturing, energy, chemicals, automotive, and smart cities. It supports intelligent factory construction, IoT connectivity, predictive maintenance, and digital transformation from mass production to customization, with over 790 standards, patents, and software copyrights, earning awards like the China Industry Award. The platform continues active operations, serving sectors with AIoT intelligent connectivity and industrial brain solutions, positioning as a national industrial internet benchmark. |
Who has invested in COSMOplat?
8 investors have backed COSMOplat across its funding rounds, including Cowin Capital, SAIF Partners, China Development Bank Capital, Hongtai Fund, China Merchants Securities and TopoScend Capital.
Lead investors include Hongtai Fund, China Development Bank Capital and China Structural Reform Fund.
COSMOplat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2020 | ||
| 1 | Lead | Jul 2020 | ||
| 1 | Lead | Sep 2021 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Lead | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 8 COSMOplat investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialCOSMOplat Competitors
COSMOplat competitors include listed companies like Aeva and Imdex, and private ones like Greenlabs, Tractian, Autosys Industrial Solutions Private Limited and proteanTecs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $218M | $145M | $840M | 3.9x | ||
| Private | - | - | $720M | - | ||
| Private | - | - | $651M | - | ||
| Private | $60M | - | $600M | 10.0x | ||
| Publicly listed | $18M | ($139M) | $1.1B | 35.6x | ||
| Publicly listed | $370M | $94M | $1.2B | 3.6x |
COSMOplat Public Comps
COSMOplat is still privately-owned, but its public comps include Qt Group, Vitec Software, GuoChuang Software, Ituran Location & Control, Aeva, Arcadyan Technology, Tuya, Plejd, Yunding Technology and Gosuncn Technology Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $359M | $93M | 2.6x | 2.4x | 10.2x | 8.8x | |||
| $18M | ($139M) | 54.7x | 35.6x | (7.1x) | (8.7x) | |||
| $1.7B | $132M | 0.5x | 0.5x | 6.2x | 6.0x | |||
| $322M | $22M | 0.4x | 0.3x | 5.5x | 3.2x | |||
| $95M | $32M | 11.4x | 9.1x | 33.6x | 25.2x | |||
This data is available for Pro users. Sign up to see all COSMOplat competitors and their valuation data. Start Free Trial | ||||||||
Common questions about COSMOplat
| When was COSMOplat founded? | COSMOplat was founded in 2017. |
| Where is COSMOplat headquartered? | COSMOplat is headquartered in Shanghai, China. |
| Is COSMOplat publicly listed? | No, COSMOplat is a private, VC-backed company. |
| What is COSMOplat's valuation? | COSMOplat was last valued at $1B in its Series B in September 2021. |
| How much funding has COSMOplat raised? | COSMOplat has raised $318M across 3 funding rounds. |
| What was COSMOplat's last funding round? | COSMOplat's last funding round was a $155M Series B in September 2021, led by Hongtai Fund. |
| Who are COSMOplat's investors? | COSMOplat's investors include SAIF Partners, China Development Bank Capital, Hongtai Fund, Cowin Capital, China Structural Reform Fund, TopoScend Capital, GF Venture Capital and China Merchants Securities. |
| Which companies are comparable to COSMOplat? | Companies comparable to COSMOplat include Greenlabs, Tractian, Autosys Industrial Solutions Private Limited, proteanTecs, Aeva and Imdex. |
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