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

COSMOplat Overview

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

ChinaShanghai

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

COSMOplat valuation by funding round
DateStageValuation
Sep 2021Series 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

COSMOplat funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021Series BHongtai Fund (lead)$155M$1BThe 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 2020Series AChina Development Bank Capital (lead)$29M--
Apr 2020Series AChina 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

Investors in COSMOplat by funding rounds participated
InvestorHQRoundsRoleFirst check
SAIF PartnersHong KongHong Kong1ParticipantApr 2020
China Development Bank CapitalChinaBeijing1LeadJul 2020
Hongtai FundChinaShenzhen1LeadSep 2021
Cowin CapitalChinaShenzhen1ParticipantApr 2020
China Structural Reform FundChinaBeijing1LeadApr 2020
TopoScend CapitalChinaShenzhen1ParticipantApr 2020

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COSMOplat Competitors

COSMOplat competitors include listed companies like Aeva and Imdex, and private ones like Greenlabs, Tractian, Autosys Industrial Solutions Private Limited and proteanTecs.

Public and private companies comparable to COSMOplat
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GreenlabsSouth KoreaSeoulPrivate$218M$145M$840M3.9x
TractianUnited StatesUnited StatesPrivate--$720M-
Autosys Industrial Solutions Private LimitedIndiaMumbaiPrivate--$651M-
proteanTecsIsraelHaifaPrivate$60M-$600M10.0x
AevaUnited StatesUnited StatesPublicly listed$18M($139M)$1.1B35.6x
ImdexAustraliaAustraliaPublicly listed$370M$94M$1.2B3.6x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Qt Group$249M$62M4.3x3.9x17.3x16.0x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Ituran Location & Control$359M$93M2.6x2.4x10.2x8.8x
Aeva$18M($139M)54.7x35.6x(7.1x)(8.7x)
Arcadyan Technology$1.7B$132M0.5x0.5x6.2x6.0x
Tuya$322M$22M0.4x0.3x5.5x3.2x
Plejd$95M$32M11.4x9.1x33.6x25.2x

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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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