Terminus Technologies Valuation, Funding & Investors

Terminus Technologies is valued at $2.9B as of August 2024.

Last Terminus Technologies valuation

$2.9B

Strategic investment · Aug 2024

Last Terminus Technologies funding round

$7M

Strategic investment · Aug 2024

Cumulative funding Terminus Technologies raised

$814M

across 5 funding rounds

Key investors in Terminus Technologies

Terminus Technologies Overview

About Terminus Technologies

Terminus Group is a Beijing-headquartered AIoT provider building smart city infrastructure worldwide. The company deploys AloT platforms integrating surveillance cameras, edge computing, and robotics for urban management in projects across China, Middle East, and Latin America. Listed on Hong Kong Stock Exchange since 2022, Terminus delivers solutions for safe cities, sustainable development, and intelligent transportation systems used by governments in Dubai and Shenzhen.


Founded

2015

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2G & B2B

Revenue model

Product sales

Valuation

$2.9B (Aug 2024)

Terminus Technologies Valuation

Terminus Technologies is currently valued at $2.9B, based on its strategic investment round in August 2024.

The $7M round was led by Microware Group.

Terminus Technologies' valuation has grown 1.1x from $2.8B at its Series D in April 2024 to $2.9B in August 2024, across 2 priced rounds.

Terminus Technologies valuation by funding round

Terminus Technologies valuation by funding round
DateStageValuation
Aug 2024Strategic investment$2.9B
Apr 2024Series D$2.8B

Terminus Technologies Funding History

Terminus Technologies has raised a total of $814M across 5 funding rounds.

Terminus Technologies' first fundraising round was a $74M Series A in July 2017. The most recent completed round was a $7M strategic investment round in August 2024.

Terminus Technologies funding rounds

Terminus Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024Strategic investmentMicroware Group (lead)$7M$2.9BTerminus Technologies, established in 2015, is an AIoT company offering comprehensive products including software, hardware, computing power, and services via its TacOS operating system, targeting enterprises, public domain managers, and stakeholders in AI industrial digitalization, AI smart cities, AI smart living, and AI smart energy. On August 29, 2024, Microware Group invested RMB 50 million (equivalent to HKD 50 million) in Terminus as part of a new financing round following its April 2024 RMB 2 billion (equivalent to HKD 2 billion) D-round. The investment was priced at HKD 20 per share, valuing the company at approximately HKD 21 billion, the same price as its Series D started in May 2022. Terminus has raised over RMB 5 billion across nine rounds from investors including Everbright, CITIC, iFlytek, JD.com, Gemdale, and Zoomlion. Sources indicate Terminus may have initiated its listing process.
Apr 2024Series DAL Capital (lead); Yangming Equity Investment Fund (lead); SenseTime Group; Innolink Fund; Digital Chongqing; Xuzhou Industrial Fund; Gemdale; Chongqing Science City Investment Holding; BSD; China Everbright; Futian Investment Holdings$276M$2.8BTerminus Group (also known as Terminus Technologies), a Beijing-based artificial intelligence services provider, completed a Series D funding round of 2 billion yuan ($276 million) around April 2024. The round was led by AL Capital and Yuyao Yangming Equity Investment Fund, with participation from Futian Capital Holdings Co. Ltd., Gemdale Corp., China Everbright Ltd., and SenseTime Group Ltd. The funds are intended to support LLM applications.
Aug 2019Series CChina Everbright (lead); JD.com; iFlytek; WANDA Group$283M-Terminus Technologies, a Chinese AIoT company founded in 2015 and incubated by China Everbright, completed a Series C1 funding round of CNY 2 billion (USD 283 million) announced on August 12, 2019, led by Everbright with participation from JD.com, iFlytek, and Wanda Group. The company develops artificial intelligence-enabled industrial IoT products, including edge computing solutions like the Poseidon series and intelligent robots Titan series, targeting applications in public safety, urban management, security, communities, retail, and scenario services for governmental and private business customers. Prior investors include CICC, IDG Capital, and SenseTime. The funding aims to enhance its AIoT platform, Gaia Industry Intelligent Cloud, for data centers and digital city operating systems, promoting integration of AI, IoT, and 5G in real economy scenarios. Partners like JD.com plan collaborations in security, communities, politics, and retail, while iFlytek seeks to advance edge intelligence across industries. Operating in a rapidly expanding AIoT market projected to grow from USD 164 billion in 2018 to USD 1,612 billion in 2025, Terminus positions itself as a leader in innovative technologies for smart scenarios.
Oct 2018Series BChina Everbright (lead); IDG Capital (lead); SenseTime Group$173M-Terminus Technologies is a Chinese AIoT company specializing in edge computing, IoT, and AI applications for smart cities, security, communities, retail, and other scenarios. It has attracted investments from prominent backers including CICC, IDG Capital, and SenseTime prior to its Series B round. The company reported average sales growth exceeding 200% since inception and claimed transaction value surpassing CNY 5 billion (USD 750 million) in the year before August 2019. On October 24, 2018, Terminus raised approximately $172.7 million in a Series B round from lead investors Everbright and IDG Capital, with SenseTime Group as a prior or participating investor. Subsequently, in 2019, Terminus closed a CNY 2 billion (USD 283 million) Series C1 round led by Everbright, with new investors JD.com, iFlytek, and Wanda Group. This later round highlighted partnerships for advancing intelligence in security, communities, politics, and retail via JD collaboration, and industry-wide applications with iFlytek. Everbright continued supporting Terminus as part of its principal investments in AI, smart cities, and IoT. The AIoT market, in which Terminus competes, was projected to grow from USD 164 billion in 2018 to USD 1,612 billion by 2025, driven by AI, 5G, and IoT data processing for machine learning and decision-making. Terminus positioned itself with strong scenario penetration and technology integration.
Jul 2017Series ACPE; IDG Capital; China Everbright$74M--

Who has invested in Terminus Technologies?

17 investors have backed Terminus Technologies across its funding rounds, including China Everbright, IDG Capital, SenseTime Group, JD.com, CPE and iFlytek.

Lead investors include Microware Group, AL Capital, Yangming Equity Investment Fund, China Everbright and IDG Capital.


Terminus Technologies Investors

Investors in Terminus Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
China EverbrightHong KongHong Kong4LeadJul 2017
SenseTime GroupChinaShanghai2ParticipantOct 2018
IDG CapitalChinaBeijing2LeadJul 2017
CPEChinaBeijing1ParticipantJul 2017
Yangming Equity Investment FundChinaChina1LeadApr 2024
Innolink FundChinaBeijing1ParticipantApr 2024
Digital ChongqingChinaChongqing1ParticipantApr 2024
JD.comChinaBeijing1ParticipantAug 2019
iFlytekChinaHefei1ParticipantAug 2019
Xuzhou Industrial FundChinaChina1ParticipantApr 2024
GemdaleChinaChina1ParticipantApr 2024
Microware GroupHong KongHong Kong1LeadAug 2024
Chongqing Science City Investment HoldingChinaChina1ParticipantApr 2024

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Terminus Technologies Competitors

Terminus Technologies competitors include listed companies like Shenzhen Huaqiang and UBtech Robotics, and private ones like Orby, MEGVII, Yitu Technology and AI² Robotics.

Public and private companies comparable to Terminus Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OrbyUnited StatesSan Francisco, CAPrivate--$2.5B-
Shenzhen HuaqiangChinaChinaPublicly listed$3.7B$161M$3.5B-
MEGVIIChinaBeijingPrivate$183M-$4B21.9x
Yitu TechnologyChinaShanghaiPrivate--$2B-
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
AI² RoboticsChinaBeijingPrivate$15M-$3B-

Terminus Technologies Public Comps

Terminus Technologies is still privately-owned, but its public comps include Space42, Digi International, SUNMI, Infleqtion, HMS Networks, Alarm.com, Shenzhen SED, EZVIZ Network, Hanshow Technology and Fibocom Wireless.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Space42$577M$88M3.7x3.4x24.1x8.7x
Digi International$430M$90M6.6x5.4x31.5x19.5x
SUNMI$568M$43M4.8x-62.3x-
Infleqtion$29M($52M)92.3x64.5x(50.9x)(60.0x)
HMS Networks$365M$106M8.0x7.1x27.6x23.6x
Alarm.com$1B$184M2.8x2.6x15.2x12.9x
Shenzhen SED$7.3B$219M0.5x0.5x16.7x13.7x
EZVIZ Network$880M$103M3.0x2.8x25.8x18.6x

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Common questions about Terminus Technologies

When was Terminus Technologies founded?Terminus Technologies was founded in 2015.
Where is Terminus Technologies headquartered?Terminus Technologies is headquartered in Beijing, China.
Is Terminus Technologies publicly listed?No, Terminus Technologies is a private, VC-backed company.
What is Terminus Technologies' valuation?Terminus Technologies was last valued at $2.9B in its strategic investment round in August 2024.
How much funding has Terminus Technologies raised?Terminus Technologies has raised $814M across 5 funding rounds.
What was Terminus Technologies' last funding round?Terminus Technologies' last funding round was a $7M strategic investment round in August 2024, led by Microware Group.
Who are Terminus Technologies' investors?Terminus Technologies' investors include China Everbright, SenseTime Group, IDG Capital, CPE, Yangming Equity Investment Fund, Innolink Fund, Digital Chongqing, JD.com, iFlytek, Xuzhou Industrial Fund and 7 others.
Which companies are comparable to Terminus Technologies?Companies comparable to Terminus Technologies include Orby, Shenzhen Huaqiang, MEGVII, Yitu Technology, UBtech Robotics and AI² Robotics.

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