SmartMore is an artificial intelligence company dual-headquartered in Shenzhen and Hong Kong. It focuses on applying AI to production lines, notably machine-vision systems that perform visual inspections instead of human workers. The company’s core product centers on automating inspection tasks on factory floors. The Hong Kong government-owned Hong Kong Investment Corp. announced its first public investment in SmartMore. That investment is presented as part of a broader government effort to transform Hong Kong into a tech hub amid geopolitical pressure and challenges to traditional growth drivers like finance and property. The article provides no financial metrics, revenue, user counts, or details on the size or instrument of the investment. SmartMore is a Hong Kong-headquartered intelligent manufacturing technology company. It develops and provides technology for intelligent manufacturing. On Thursday it announced it had raised $200 million in a Series B round of financing. The funding round included investors such as Sequoia China and IDG, among others. With this round the startup gained entry into the unicorn club. No further financial metrics, prior rounds, or product roadmap details were disclosed in the article.

Total raised

$200M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2021