Kingsware Valuation, Funding & Investors

Kingsware is valued at $502M as of December 2022.

Last Kingsware valuation

$502M

Series C · Dec 2022

Last Kingsware funding round

$72M

Series C · Dec 2022

Cumulative funding Kingsware raised

$129M

across 3 funding rounds

Key investors in Kingsware

Kingsware Overview

About Kingsware

Kingsware is a Chinese developer of robotic process automation software featuring enterprise-grade platforms for workflow automation, secure deployment, and management in complex IT environments.


Founded

2009

HQ

ChinaZhuhai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$502M (Dec 2022)

Kingsware Valuation

Kingsware is currently valued at $502M, based on its Series C in December 2022.

The $72M round was led by China Development Bank Capital, with participation from Shunwei Capital, CICC, Junsan Capital, Wen's Investment, ZHENGLING VENTURE CAPITAL and 1 other investor.

Kingsware valuation by funding round

Kingsware valuation by funding round
DateStageValuation
Dec 2022Series C$502M

Kingsware Funding History

Kingsware has raised a total of $129M across 3 funding rounds.

Kingsware's first fundraising round was a $15M Series A in June 2020. The most recent completed round was a $72M Series C in December 2022.

Kingsware funding rounds

Kingsware funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2022Series CChina Development Bank Capital (lead); Shunwei Capital; CICC; Junsan Capital; Wen's Investment; ZHENGLING VENTURE CAPITAL; Guangdong Yuecai Venture Capital Co., Ltd.$72M$502MKingsware is a company that has raised a total of $100.95M across 4 funding rounds, with 13 investors involved. Its latest funding was a Series C round of $59.35M on March 3, 2023, led by investors including China Development Bank Capital, CEC-CCIC Fund, Junsan Capital, Shunwei Capital, Utrust Fund, Wens Investment, and Zhengling Venture Capital. Junsan Capital is confirmed as an investor in the Series C.
Jul 2021Series BQiming Venture Partners$42M-Kingsware (kingsware.cn) is a Zhuhai-based Chinese company founded in 2016, specializing in K-RPA software, the first domestically certified RPA product at 3+ level by the Information and Communication Academy, aimed at empowering enterprise digital transformation. It employs 201-500 people and has raised a total of $72M across funding rounds. The only detailed funding round in sources is a Series C on 07.03.2023 for $72M led by Shunwei Capital, as reported in DealStreetAsia, focusing on Kingsware Information's automation efforts.
Jun 2020Series AQiming Venture Partners (lead); Taiya Investment Group; Zhuhai Huajin Capital Co; Junsan Capital; Taiya Dingfu; Zhuhai Science & Technology Venture Capital$15M-Kingsware completed a Series A funding round in 2020 led by Qiming Venture Partners, with participation from Junsan Capital, Huajin Capital, Taiya Dingfu Investment, and others. The company develops AI digital worker solutions, including the K-APA Solution and Ki-Agent Solution, which began commercialization in 2021. Kingsware has achieved a leading market position, ranking first in market share in China’s AI digital worker solutions market for three consecutive years from 2022 to 2024 according to Frost & Sullivan.

Who has invested in Kingsware?

12 investors have backed Kingsware across its funding rounds, including Qiming Venture Partners, Junsan Capital, Shunwei Capital, CICC, China Development Bank Capital and Zhuhai Huajin Capital Co.

Lead investors include China Development Bank Capital and Qiming Venture Partners.


Kingsware Investors

Investors in Kingsware by funding rounds participated
InvestorHQRoundsRoleFirst check
Qiming Venture PartnersChinaShanghai2LeadJun 2020
Junsan CapitalChinaShenzhen2ParticipantJun 2020
China Development Bank CapitalChinaBeijing1LeadDec 2022
Shunwei CapitalChinaBeijing1ParticipantDec 2022
CICCChinaBeijing1ParticipantDec 2022
Taiya Investment GroupChinaQuanzhou1ParticipantJun 2020
Zhuhai Huajin Capital CoChinaZhuhai1ParticipantJun 2020
Wen's InvestmentChinaGuangzhou1ParticipantDec 2022
ZHENGLING VENTURE CAPITALChinaZhuhai1ParticipantDec 2022
Taiya DingfuChinaXiamen1ParticipantJun 2020

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Kingsware Competitors

Kingsware competitors include listed companies like Systems Engineering and Harbin Boshi Automation, and private ones like VisionNav Robotics, Seegrid, Leapwork and Emergen.

Public and private companies comparable to Kingsware
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
VisionNav RoboticsUnited StatesAtlanta, GAPrivate$31M-$500M16.1x
SeegridUnited StatesPittsburgh, PAPrivate--$400M-
LeapworkDenmarkCopenhagenPrivate--$312M-
EmergenChinaYuyaoPrivate$50M-$300M6.0x
Systems EngineeringJapanJapanPublicly listed$72M$14M$205M2.2x
Harbin Boshi AutomationChinaChinaPublicly listed$422M$106M$1.7B3.5x

Kingsware Public Comps

Kingsware is still privately-owned, but its public comps include Nanjing Bestway, Hansen Technologies, Clobot, Chrysos Corp., Stemmer Imaging, AsiaInfo, Columbus McKinnon, Hebei Gongda Keya Technology Group, Robostar and Jiangxi Tianli Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nanjing Bestway$144M$25M2.6x2.4x14.8x14.2x
Hansen Technologies$275M$52M1.9x1.9x9.8x6.3x
Clobot$30M($2M)16.3x17.6x(290.8x)-
Chrysos Corp.$63M$19M8.9x8.5x29.1x26.6x
Stemmer Imaging$118M$11M3.9x-41.7x-
AsiaInfo$940M$39M0.3x0.3x8.1x7.9x
Columbus McKinnon$1.2B($68M)3.0x2.2x(51.8x)12.2x
Hebei Gongda Keya Technology Group$69M$9M5.7x-45.7x-

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Common questions about Kingsware

When was Kingsware founded?Kingsware was founded in 2009.
Where is Kingsware headquartered?Kingsware is headquartered in Zhuhai, China.
Is Kingsware publicly listed?No, Kingsware is a private, VC-backed company.
What is Kingsware's valuation?Kingsware was last valued at $502M in its Series C in December 2022.
How much funding has Kingsware raised?Kingsware has raised $129M across 3 funding rounds.
What was Kingsware's last funding round?Kingsware's last funding round was a $72M Series C in December 2022, led by China Development Bank Capital.
Who are Kingsware's investors?Kingsware's investors include Qiming Venture Partners, Junsan Capital, China Development Bank Capital, Shunwei Capital, CICC, Taiya Investment Group, Zhuhai Huajin Capital Co, Wen's Investment, ZHENGLING VENTURE CAPITAL, Taiya Dingfu and 2 others.
Which companies are comparable to Kingsware?Companies comparable to Kingsware include VisionNav Robotics, Seegrid, Leapwork, Emergen, Systems Engineering and Harbin Boshi Automation.

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