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- UnitX
UnitX Funding, Investors & Competitors
UnitX has raised $106M across 5 funding rounds, most recently a $46M Series B in November 2024.
Last UnitX funding round
$46M
Series B · Nov 2024
Cumulative funding UnitX raised
$106M
across 5 funding rounds
Key investors in UnitX
UP Partners
Wa’ed Ventures
KAUST Innovation Fund
SE Ventures
Buckley Ventures
Matt Kraning
About UnitX
UnitX is a Shenzhen-headquartered provider of deep learning inspection solutions for automated manufacturing. Specializing in robotics and imaging, its systems detect defects in electronics and food products at speeds over 10,000 units per hour. UnitX serves Foxconn and other Asian factories. Established in 2019, it combines precision engineering with AI vision.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
UnitX Funding History
UnitX has raised a total of $106M across 5 funding rounds.
UnitX's first fundraising round was a $2M seed round in October 2019. The most recent completed round was a $46M Series B in November 2024.
UnitX funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2024 | Series B | UP Partners (lead) | $46M | UnitX is a robotics company developing AI-powered vision systems for defect detection and quality management in manufacturing, particularly targeting sectors like electric vehicle and lithium-ion battery production. Their software-defined OptiX vision system and edge AI compute platform CorteX enable superior inspection capabilities compared to human inspectors or legacy machine vision, reducing scrap and improving yield. UnitX systems are deployed on production lines of top global manufacturers in Li battery and automotive industries, positioning it as a fast-growing player in AI quality inspection. The company has raised a total of $62M across multiple rounds, with the latest being a Series B of $46M on November 18, 2024, involving UP Partners among investors. UP Partners participated in this round and prior Series A investments. Investors include UP Partners (California-based VC), SE Ventures, and Schneider Electric, with UP Partners taking board seats. Earlier funding included a $5M investment from SE Ventures to expand geographic reach and accelerate deployment in high-growth manufacturing segments. The Series B funding supports further scaling in underserved markets anticipating capacity expansion. |
| Sep 2023 | Series A | SE Ventures (lead) | $5M | UnitX is a robotics company developing AI-powered vision systems for quality and yield management in manufacturing. Its software-defined vision system OptiX and edge AI compute platform CorteX enable advanced defect detection, reducing scrap, improving yield, and upholding quality standards beyond human or legacy machine vision capabilities. On September 27, 2023, UnitX raised $5 million from SE Ventures, a Silicon Valley venture fund backed by Schneider Electric. SE Ventures led the investment to support UnitX's geographic expansion and mission to enhance manufacturing quality, traceability, and profitability, particularly in electric vehicle and lithium-ion battery sectors. UnitX's systems operate on production lines of top lithium battery and automotive manufacturers. CEO Keven Wang described UnitX as one of the fastest-growing players in its category, while SE Ventures' Varun Jain highlighted its product-market fit for delivering ROI to enterprise customers in expanding markets. |
| Jun 2023 | Series B | - | $41M | UnitX is a robotics company developing next-generation AI vision systems, including its software-defined OptiX and edge AI compute platform CorteX, to automate visual defect detection in manufacturing. The technology targets sectors like lithium-ion batteries, electric vehicles, and automotive, improving yields, reducing scrap, and enhancing quality by outperforming human inspectors and legacy machine vision systems. Customers achieve significant ROI through faster defect detection and reduced cycle times. Earlier and later rounds include a $46M Series B announced via a SignalBase post, emphasizing scaling operations, product improvements, market expansion, and talent recruitment to automate repetitive factory inspection tasks using deep learning and robotics. A $5M investment from SE Ventures was announced on September 27, 2023, to expand geographic reach and leverage Schneider Electric's expertise in underserved markets like EV and battery manufacturing. Total funding raised across rounds is reported as $69.6M in later stage VC, with prior figures like $12M up to September 2021 and $28.7M for another entity. UnitX focuses on production lines of top global manufacturers, with SE Ventures highlighting its superior product-market fit. |
| Oct 2021 | Series A | UP Partners (lead); Buckley Ventures; Matt Kraning | $12M | - |
| Oct 2019 | Seed | Wa’ed Ventures; KAUST Innovation Fund | $2M | - |
Who has invested in UnitX?
6 investors have backed UnitX across its funding rounds, including UP Partners, Wa’ed Ventures, KAUST Innovation Fund, SE Ventures, Buckley Ventures and Matt Kraning.
Lead investors include UP Partners and SE Ventures.
UnitX Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2021 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 6 UnitX investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialUnitX Competitors
UnitX competitors include listed companies like SAP and Snowflake, and private ones like The Bot Company, Relativity Space, Anthropic and OpenAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $4.2B | - | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x |
UnitX Public Comps
UnitX is still privately-owned, but its public comps include CrowdStrike, SAP, Siemens, Salesforce, Schneider Electric, ABB, Hitachi, ServiceNow, Snowflake and Keyence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $91B | $15B | 3.0x | 2.9x | 18.1x | 15.7x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $46B | $9.5B | 4.3x | 3.9x | 21.0x | 18.4x | |||
| $33B | $6.9B | 5.4x | 4.9x | 25.9x | 22.6x | |||
| $68B | $11B | 2.2x | 2.2x | 13.8x | 13.5x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
This data is available for Pro users. Sign up to see all UnitX competitors and their valuation data. Start Free Trial | ||||||||
Common questions about UnitX
| When was UnitX founded? | UnitX was founded in 2018. |
| Where is UnitX headquartered? | UnitX is headquartered in San Jose, CA, United States. |
| Is UnitX publicly listed? | No, UnitX is a private, VC-backed company. |
| How much funding has UnitX raised? | UnitX has raised $106M across 5 funding rounds. |
| What was UnitX's last funding round? | UnitX's last funding round was a $46M Series B in November 2024, led by UP Partners. |
| Who are UnitX's investors? | UnitX's investors include UP Partners, Wa’ed Ventures, KAUST Innovation Fund, Buckley Ventures, Matt Kraning and SE Ventures. |
| Which companies are comparable to UnitX? | Companies comparable to UnitX include The Bot Company, Relativity Space, Anthropic, OpenAI, SAP and Snowflake. |
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