Wenge Group Funding, Investors & Competitors

Wenge Group has raised $127M across 4 funding rounds, most recently a $14M Series A in December 2024.

Last Wenge Group funding round

$14M

Series A · Dec 2024

Cumulative funding Wenge Group raised

$127M

across 4 funding rounds

Key investors in Wenge Group

  • Shenzhen Capital Group
  • CAS Star
  • Haitong Capital
  • China Development Bank Capital
  • Fenghou Capital
  • Zhongguancun Science City Science
  • JC Capital
  • Beijing Artificial Intelligence Industry Investment Fund

Wenge Group Overview

About Wenge Group

Wenge Group is a Beijing-based developer of big data platforms for media and government applications. It offers the Wenhai platform for new media analytics, Wen Ge central kitchen for content production, and Wen Si for decision services. The company provides Yunyong visualization and Yayi semantic analysis tools to media outlets nationwide.


Founded

2017

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Wenge Group Funding History

Wenge Group has raised a total of $127M across 4 funding rounds.

Wenge Group's first fundraising round was a $15M Series B in May 2019. The most recent completed round was a $14M Series A in December 2024.

Wenge Group funding rounds

Wenge Group funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2024Series ABeijing Artificial Intelligence Industry Investment Fund (lead)$14MWenge Group, also known as Zhongke Wenge, is a decision intelligence technology and application service provider that develops underlying AI large models and data technology alongside upper-level industry applications. The company has launched products including the domestically developed Yayi large model, Youya multimodal video model, and Decision Intelligence Operating System (DIOS) to empower industry decision-making. It serves government and enterprise To B customers with reliable, secure, domestically originated AI models featuring independent intellectual property rights. Zhongke Wenge completed a strategic financing round of over 100 million yuan from the Beijing Artificial Intelligence Industry Investment Fund around late 2024. The funds are designated primarily for R&D investment in decision intelligence to advance various business developments. Cumulatively, the company has raised over 1 billion yuan from investors such as Zhongwangtou, Shenzhen Capital Group, CAS Capital, CCTV Rongmeiti Fund, and China Development Bank Finance. Business highlights include all-media intelligent topic selection and production for Xinhua News Agency, complex knowledge question answering for Beijing Bank in finance, traditional Chinese medicine assisted medication for the Academy of Traditional Chinese Medicine, and AI intelligent government applications. Chairman Wang Lei positions the company's large models as reliable bases built from data accumulation to AI application, with industry-level standardized products for independent deployment and iteration using customer data.
Oct 2022Series EInfotech Ventures; China Development Bank Capital; Zhongguancun Science City Science; CASVC; Haitong Capital; Origin Fund$70M-
Aug 2020Series CShenzhen Capital Group (lead); Fenghou Capital; Cash Holdings; Institute of Microelectronics of Chinese Academy of Sciences; CAS Holding Group; JC Capital$29M-
May 2019Series BYoubang Investment; Everstate Capital; CAS Star$15MWenge Group (Zhongke Wenge), a big data analytics firm affiliated with the Chinese Academy of Sciences, raised nearly 100 million yuan ($14.5 million) in its Series B round in May 2019 from investors including CAS Star (Casstar), Youbang Investment, and Qianhai Hengbang Capital. The funding supported core technology research and development in media big data and cognitive computing. The company offers products like the Wenhai big data platform and Tianhu smart platform to government, media, and enterprise clients. Founded in 2017, Wenge Group had previously secured a Series A round from Blue Ocean Capital Group in 2018. Customers include over 200 Chinese state institutions such as Xinhua News Agency and China Daily. Following the Series B, the company progressed to a Series C round of RMB 200 million ($28.7-29 million) in 2020, led by Shenzhen Capital with participation from CAS Star, Youbang Investment, Cash Holdings, and others, and later a Series E round exceeding 500 million yuan ($69 million).

Who has invested in Wenge Group?

16 investors have backed Wenge Group across its funding rounds, including Shenzhen Capital Group, CAS Star, Haitong Capital, China Development Bank Capital, Fenghou Capital and Zhongguancun Science City Science.

Lead investors include Beijing Artificial Intelligence Industry Investment Fund and Shenzhen Capital Group.


Wenge Group Investors

Investors in Wenge Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Infotech VenturesChinaShanghai1ParticipantOct 2022
Beijing Artificial Intelligence Industry Investment FundChinaBeijing1LeadDec 2024
China Development Bank CapitalChinaBeijing1ParticipantOct 2022
Youbang InvestmentChinaChina1ParticipantMay 2019
Fenghou CapitalChinaBeijing1ParticipantAug 2020
Cash Holdings--1ParticipantAug 2020
Institute of Microelectronics of Chinese Academy of SciencesChinaBeijing1ParticipantAug 2020
CAS Holding GroupChinaChina1ParticipantAug 2020
Everstate CapitalChinaShenzhen1ParticipantMay 2019
Shenzhen Capital GroupChinaShenzhen1LeadAug 2020
JC CapitalChinaBeijing1ParticipantAug 2020
Zhongguancun Science City ScienceChinaBeijing1ParticipantOct 2022
CASVCChinaBeijing1ParticipantOct 2022

This data is available for Pro users. Sign up to see all 16 Wenge Group 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 Trial

Wenge Group Competitors

Wenge Group competitors include listed companies like Vista Group and Unity, and private ones like Quantum Metric, ElevenLabs, Synthesia and StackAdapt.

Public and private companies comparable to Wenge Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Quantum MetricUnited StatesColorado Springs, COPrivate--$1B-
Vista GroupNew ZealandNew ZealandPublicly listed$94M$5M$399M4.0x
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
SynthesiaUnited KingdomLondonPrivate$100M-$4B40.0x
StackAdaptCanadaTorontoPrivate$500M$125M$2.5B5.0x
UnityUnited StatesUnited StatesPublicly listed$1.8B($18M)$18B8.7x

Wenge Group Public Comps

Wenge Group is still privately-owned, but its public comps include Palantir, ServiceNow, Datadog, Strategy, RELX, Autodesk, Verisk Analytics, Fair Isaac, Unity and Wolters Kluwer.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B93.4x58.5x287.3x98.0x
ServiceNow$13B$2.6B10.8x9.4x55.9x24.4x
Datadog$3.4B($588K)23.0x18.9x(134100.2x)75.4x
Strategy$477M($5.4B)167.5x161.8x(14.7x)(13.8x)
RELX$13B$4.9B5.6x5.4x14.5x13.2x
Autodesk$7.2B$1.8B6.2x5.7x25.4x14.0x
Verisk Analytics$3.1B$1.7B8.8x8.5x16.1x15.0x
Fair Isaac$2B$951M13.0x10.2x27.2x16.8x

This data is available for Pro users. Sign up to see all Wenge Group competitors and their valuation data.

Start Free Trial

Common questions about Wenge Group

When was Wenge Group founded?Wenge Group was founded in 2017.
Where is Wenge Group headquartered?Wenge Group is headquartered in Beijing, China.
Is Wenge Group publicly listed?No, Wenge Group is a private, VC-backed company.
How much funding has Wenge Group raised?Wenge Group has raised $127M across 4 funding rounds.
What was Wenge Group's last funding round?Wenge Group's last funding round was a $14M Series A in December 2024, led by Beijing Artificial Intelligence Industry Investment Fund.
Who are Wenge Group's investors?Wenge Group's investors include Infotech Ventures, Beijing Artificial Intelligence Industry Investment Fund, China Development Bank Capital, Youbang Investment, Fenghou Capital, Cash Holdings, Institute of Microelectronics of Chinese Academy of Sciences, CAS Holding Group, Everstate Capital, Shenzhen Capital Group and 6 others.
Which companies are comparable to Wenge Group?Companies comparable to Wenge Group include Quantum Metric, Vista Group, ElevenLabs, Synthesia, StackAdapt and Unity.

See companies similar to Wenge Group

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial