MINO Funding, Investors & Competitors

MINO has raised $141M across 3 funding rounds, most recently a $90M undisclosed-stage round in June 2022.

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Last MINO funding round

$90M

Undisclosed stage · Jun 2022

Cumulative funding MINO raised

$141M

across 3 funding rounds

Key investors in MINO

  • Fortune Venture Capital
  • China Internet Investment Fund
  • BAIC Capital
  • SAIC Capital
  • GAC Capital
  • China Mobile Innovation Industry Fund
  • Sinvo Group

MINO Overview

About MINO

MINO is a Suzhou-headquartered provider of intelligent manufacturing lines and IIoT platforms for automotive assembly, battery production, and machinery sectors. The company installs welding robots and vision systems for clients like SAIC Motor and CATL in China, Germany, Mexico, and South Africa. Founded in 2002, it processes petabyte-scale data from 10,000 connected devices across 50 factories.


Founded

2008

HQ

ChinaGuangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services, Subscription

MINO Funding History

MINO has raised a total of $141M across 3 funding rounds.

MINO's first fundraising round was a $20M Series B in October 2014. The most recent completed round was a $90M undisclosed-stage round in June 2022.

MINO funding rounds

MINO funding rounds
DateStageInvestorsRaised
Jun 2022Undisclosed stageChina Mobile Innovation Industry Fund; China Internet Investment Fund$90M
Aug 2015Series CBAIC Capital; SAIC Capital; GAC Capital$32M
Oct 2014Series BSinvo Group; Fortune Venture Capital$20M

Who has invested in MINO?

7 investors have backed MINO across its funding rounds, including Fortune Venture Capital, China Internet Investment Fund, BAIC Capital, SAIC Capital, GAC Capital and China Mobile Innovation Industry Fund.


MINO Investors

Investors in MINO by funding rounds participated
InvestorHQRoundsRoleFirst check
Sinvo GroupChinaBeijing1ParticipantOct 2014
BAIC CapitalChinaBeijing1ParticipantAug 2015
SAIC CapitalChinaShanghai1ParticipantAug 2015
China Mobile Innovation Industry FundChinaBeijing1ParticipantJun 2022
GAC CapitalChinaAnqing1ParticipantAug 2015

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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MINO Competitors

MINO competitors include listed companies like PTC, EquipmentShare.com and Autodesk, and private ones like NEURA Robotics, Relativity Space and Certus Core.

Public and private companies comparable to MINO
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PTCUnited StatesUnited StatesPublicly listed$2.7B$1.1B$15B5.8x
EquipmentShare.comUnited StatesUnited StatesPublicly listed$4.4B$704M$4.6B1.8x
NEURA RoboticsGermanyMetzingenPrivate--$7B-
Relativity SpaceUnited StatesLos Angeles, CAPrivate--$4.2B-
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x

MINO Public Comps

MINO is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Johnson Controls, Datadog, Moody's and Cadence Design Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about MINO

When was MINO founded?MINO was founded in 2008.
Where is MINO headquartered?MINO is headquartered in Guangzhou, China.
Is MINO publicly listed?No, MINO is a private, VC-backed company.
How much funding has MINO raised?MINO has raised $141M across 3 funding rounds.
What was MINO's last funding round?MINO's last funding round was a $90M undisclosed-stage round in June 2022.
Who are MINO's investors?MINO's investors include Sinvo Group, BAIC Capital, SAIC Capital, China Mobile Innovation Industry Fund, GAC Capital, Fortune Venture Capital and China Internet Investment Fund.
Which companies are comparable to MINO?Companies comparable to MINO include PTC, EquipmentShare.com, NEURA Robotics, Relativity Space, Certus Core and Autodesk.

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