DuerOS Valuation, Funding & Investors

DuerOS is valued at $2.9B as of September 2020.

Last DuerOS valuation

$2.9B

Series A · Sep 2020

Last DuerOS funding round

$294M

Series A · Sep 2020

Cumulative funding DuerOS raised

$294M

across 1 funding round

Key investors in DuerOS

  • IDG Capital
  • CPE
  • Baidu Capital

DuerOS Overview

About DuerOS

DuerOS is Baidu's AI-powered voice operating system launched in 2017 for smart devices in China. Built on deep learning models, it processes natural language commands for music playback, weather queries, and smart home control via partnerships with Xiaomi and Huawei. Deployed in over 200 million devices, DuerOS integrates Baidu's search ecosystem for contextual responses.


Founded

2017

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$2.9B (Sep 2020)

DuerOS Valuation

DuerOS is currently valued at $2.9B, based on its Series A in September 2020.

The $294M round included CPE, IDG Capital and Baidu Capital.

DuerOS valuation by funding round

DuerOS valuation by funding round
DateStageValuation
Sep 2020Series A$2.9B

DuerOS Funding History

DuerOS has raised a total of $294M across 1 funding round.

DuerOS funding rounds

DuerOS funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2020Series ACPE; IDG Capital; Baidu Capital$294M$2.9BBaidu announced Series A financing for its Smart Living Group (SLG), which operates the DuerOS voice assistant platform and Xiaodu smart device business. The round included investors CPE (Citic Private Equity Funds Management), Baidu Capital, and IDG Capital, with a post-money valuation of approximately 20 billion RMB ($2.9 billion). The specific investment amount raised was approximately 2 billion yuan ($293 million), though the total amount was not fully disclosed at announcement. Upon completion, Baidu retained majority shareholder status with super-voting rights and continued to consolidate the unit's financial results, signaling potential future independence or spinoff. DuerOS had achieved significant market penetration by the time of financing, with the voice assistant active on approximately 200 million devices as of early 2019 and expanding to more devices through partnerships. The Xiaodu smart device line ranked number one globally in smart display shipments and number one domestically in China for smart speaker sales according to Canalys, with Baidu shipping around 15 million Xiaodu speaker units in 2019. The platform supported over 40,000 developers building applications and services on DuerOS. The financing was positioned to accelerate ecosystem expansion and extend DuerOS services and applications across partner devices.

Who has invested in DuerOS?

3 investors have backed DuerOS across its funding rounds, including IDG Capital, CPE and Baidu Capital.


DuerOS Investors

Investors in DuerOS by funding rounds participated
InvestorHQRoundsRoleFirst check
CPEChinaBeijing1ParticipantSep 2020

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DuerOS Competitors

DuerOS competitors include listed companies like Affle 3i and Ncino, and private ones like Terminus Technologies, Mianbi Smart, Gimlet Labs and HyperSat.

Public and private companies comparable to DuerOS
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
Mianbi SmartChinaBeijingPrivate--$2.9B-
Gimlet LabsUnited StatesSan Francisco, CAPrivate--$3B-
HyperSatUnited StatesNew York City, NYPrivate--$3B-
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.3B4.0x

DuerOS Public Comps

DuerOS is still privately-owned, but its public comps include Affle 3i, Ncino, Haizhi, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, Presight AI and MiniMax Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about DuerOS

When was DuerOS founded?DuerOS was founded in 2017.
Where is DuerOS headquartered?DuerOS is headquartered in Beijing, China.
Is DuerOS publicly listed?No, DuerOS is a private, VC-backed company.
What is DuerOS's valuation?DuerOS was last valued at $2.9B in its Series A in September 2020.
How much funding has DuerOS raised?DuerOS has raised $294M across 1 funding round.
What was DuerOS's last funding round?DuerOS's last funding round was a $294M Series A in September 2020.
Who are DuerOS's investors?DuerOS's investors include CPE, IDG Capital and Baidu Capital.
Which companies are comparable to DuerOS?Companies comparable to DuerOS include Terminus Technologies, Mianbi Smart, Gimlet Labs, HyperSat, Affle 3i and Ncino.

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