Best Internet of Things - Industry Applications Companies in China
The 719 best Internet of Things - Industry Applications companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Horizon.
China's Internet of Things - Industry Applications sector is one of the most heavily capitalized in the world right now, and this directory ranks the best Internet of Things - Industry Applications companies in China by disclosed equity funding and recent funding momentum across 719 tracked players.
Total disclosed funding sits at $13.6 billion. Six unicorns have emerged from that pool, which tells you the capital isn't spread thin. Megvii leads the pack at $2.0 billion raised, a figure that dwarfs most peers, while Xreal has pulled in $300 million on the hardware side. The gap between those two and the next tier is steep: Bright Field of Vision at $48 million, Renxin Technology at $14 million, Weifulai Technology at $8 million, Nanochap at $4 million. So where's the money actually moving? Hot themes right now include AI hardware, audio editor tooling, and playback and rendering engines, and median install growth across connected app categories is running at roughly plus 13 percent year on year. I'd watch that AI hardware thread especially closely. Investors like Sequoia Capital, Hillhouse, and Shunwei Capital are the names showing up repeatedly at the cap table level, which signals that institutional conviction in this sector hasn't cooled.
Our analysis of 184 Internet of Things - Industry Applications companies
$13.9b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things - Industry Applications companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Horizon Platform for self driving car technology | $3.1B | 44 mo ago | Public | — | 2015 | — | — |
| 2 | Megvii 🦄 Developer of AIoT solutions, including software, hardware, and platform systems 57Funding top 18%AI top 20%Moat top 26%Product top 41% All 10 signals ▾Fundingtop 18% AItop 20% Moattop 26% Producttop 41% Growthtop 45% Newsbottom 49% Talentbottom 49% Techbottom 46% Marketbottom 42% Globalbottom 38% Funding: Raised $2.0B across 7 rounds · 7 rounds over 14 yrs (0.5/yr) AI: Classified as an AI company rank vs industry peers · Fliar Intelligence Index 57/100 | $2.0B | 14 mo ago | Series D | 17 | 2011 | — | — |
| 3 | Terminus 🦄 Develops connected end-to-end IoT smart city solutions | $899M | 29 mo ago | Series D | 800 | 2015 | — | — |
| 4 | Banma Network Technology 🦄 Connected car platform | $698M | 59 mo ago | Series B | — | 2015 | — | — |
| 5 | PATEO Saas & AI enabled infotainment solutions for connected vehicles | $573M | 26 mo ago | Public | 1,300 | 2009 | — | — |
| 6 | YITU 🦄 Provider of AI based decision intelligence platform for multiple sectors | $385M | 29 mo ago | Series C | 1,507 | 2012 | — | — |
| 7 | Zongmu Technology 🦄 Tech-enabled platform offering ADAS and autonomous driving solutions | $382M | 50 mo ago | Series E | 835 | 2013 | — | — |
| 8 | Nanjing Core Semiconductor Technology Developer of automotive-grade chips for intelligent cockpits, gateways, and controls 60Funding top 26%Moat top 31%Market top 39%Global bottom 38% All 4 signals ▾Fundingtop 26% Moattop 31% Markettop 39% Globalbottom 38% Funding: Raised $365M across 3 rounds · 3 rounds over 7 yrs (0.4/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 60/100 | $365M | 23 mo ago | Series B | 400 | 2018 | — | — |
| 9 | Qianfang Technology Provider of smart transportation and security solutions for smart cities | $324M | 70 mo ago | Public | 7,100 | 2000 | 2 patents Enhanced heat transfer components for falling film evaporators | — |
| 10 | XREAL 🦄 Provider of augmented reality smart glasses and immersive display technology 84Funding top 14%Market top 21%Tech top 22%Moat top 26% All 10 signals ▾Fundingtop 14% Markettop 21% Techtop 22% Moattop 26% Talenttop 28% Newstop 36% Producttop 36% Globaltop 37% Growthtop 45% Customersbottom 35% Funding: Raised $300M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Market: 400 employees (top 5% of High Tech) · Top-500,000 web property rank vs industry peers · Fliar Intelligence Index 84/100 | $300M | 5 mo ago | Series D | 400 | 2017 | — | 1 launch |
| 11 | Etcp Provider of smart parking solutions and payment | $281M | 116 mo ago | Series B | 71 | 2012 | — | — |
| 12 | Mobvoi Developer of AI-powered voice interaction and generative AI technologies | $255M | 110 mo ago | Public | 700 | 2012 | — | — |
| 13 | XAG Manufacturer of agricultural drones, robots, autopilot consoles, and smart farm systems | $248M | 32 mo ago | Series C | 1,370 | 2007 | 4 patents Patents concentrated in computing, sensing & instrumentation | 2 launchs |
| 14 | Neusoft Xikang Cloud-based medical and healthcare management services. | $234M | 118 mo ago | Public | 1,043 | 2011 | 3 patents Wearable health monitoring devices for vital signs, sleep quality, and Bluetooth connectivity | — |
| 15 | Orvibo Developer of suite of home automation devices | $222M | 53 mo ago | Series D | 18 | 2011 | — | — |
| 16 | ECARX Holdings Developer of automotive chips, smart driving, maps, data, and IoT | $200M | 63 mo ago | Series B | — | 2016 | — | — |
| 17 | Saifang Technology Provider of processors for AI and IoT applications 29Funding top 29%Talent top 38%Growth top 45%Moat bottom 48% All 8 signals ▾Fundingtop 29% Talenttop 38% Growthtop 45% Moatbottom 48% Globalbottom 36% Marketbottom 32% Techbottom 22% Newsbottom 22% Funding: Raised $154M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 29/100 | $154M | 39 mo ago | Series A | — | 2018 | — | — |
| 18 | Maxieye ADAS products & autopilot systems for automotive | $150M | 19 mo ago | Series D | — | 2010 | — | — |
| 19 | Yunding Developer of smart home security products for consumer and enterprise purposes | $150M | 90 mo ago | Series D | 62 | 2014 | 2 patents Diagnostics and debugging methods for construction equipment monitoring systems | — |
| 20 | Codoon Smart Wearables and fitness social network for users 35Moat top 22%Funding top 32%Growth top 45%Market top 47% All 6 signals ▾Moattop 22% Fundingtop 32% Growthtop 45% Markettop 47% Globalbottom 36% Techbottom 15% Moat: Editorial + unicorn rating 8/10 · Soonicorn Funding: Raised $133M across 6 rounds · 6 rounds over 15 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | $133M | 54 mo ago | Series C | 250 | 2011 | — | — |
| 21 | HiScene Provider of AR glasses and image recognition solution | $109M | 57 mo ago | Series C | — | 2012 | — | — |
| 22 | FJ Dynamics Provider of robots and automated systems for multiple industries | $99M | 54 mo ago | Series B | 308 | 2017 | 89 patents Autonomous robot navigation and pose control using vision and lidar for agricultural applications | 2 launchs |
| 23 | UINO Provider of digital twin visualization solutions for various industry applications | $88M | 47 mo ago | Series C | 1,200 | 2012 | — | — |
| 24 | PETKIT Private label brand of accessories for pets | $85M | 58 mo ago | Series D | 60 | 2013 | — | — |
| 25 | Supremind Developer of video intelligent analysis and spatiotemporal data management AI | $81M | 46 mo ago | Series C | 90 | 2016 | — | — |
| 26 | iQiyi Intelligent Technology Provider of virtual reality headsets for entertainment purposes | $73M | 41 mo ago | Series C | — | 2016 | — | — |
| 27 | Yixing Intelligent Technology Online retailer of wearable devices | $69M | 43 mo ago | Seed | — | — | — | — |
| 28 | Le Shake Provider of IoT based smart payment solution | $65M | 58 mo ago | Series D | — | 2015 | — | — |
| 29 | Jimu Developer of driving assistance solutions using computer vision technology | $52M | 55 mo ago | Series C | — | 2011 | — | 1 job opening · 3 launchs |
| 30 | Bright Field of Vision Provider of AI-powered smart glasses for multiple purposes 53Funding top 24%Moat top 31%Growth top 35%Product top 36% All 8 signals ▾Fundingtop 24% Moattop 31% Growthtop 35% Producttop 36% AItop 45% Marketbottom 43% Globalbottom 38% Techbottom 26% Funding: Raised $48.3M across 4 rounds · 4 rounds over 9 yrs (0.4/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 53/100 | $48M | 8 mo ago | Series D | 50 | 2014 | — | 1 award |
| 31 | HOUMO.AI Provider of an intelligent computing chip that enables AI calculations 62AI top 20%Funding top 38%Market top 48%Talent bottom 49% All 5 signals ▾AItop 20% Fundingtop 38% Markettop 48% Talentbottom 49% Globalbottom 36% AI: Classified as an AI company Funding: Raised $46.2M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $46M | 23 mo ago | Seed | 100 | 2020 | — | — |
| 32 | MINIEYE Developer of intelligent driving, cabin, and vehicle infrastructure cooperative systems | $40M | 31 mo ago | Public | 80 | 2013 | — | — |
| 33 | MOTOVIS AI-enabled platform offering solutions for autonomous driving | $38M | 48 mo ago | Series C | — | 2015 | — | — |
| 34 | Forvision Developer of smart parking systems and solutions | $33M | 14 mo ago | Seed | 30 | 2017 | — | — |
| 35 | Jiangxing Provider of edge computing hardware and software for applications in AI and IoT | $33M | 24 mo ago | Series B | 100 | 2018 | 5 patents Thermal management and energy-efficient solutions for power electronics, heated wearables, molding, catalyst analysis, and air pur | — |
| 36 | Raythink AR display system for assisted driving | $31M | 30 mo ago | Series A | 31 | 2019 | — | — |
| 37 | Qidi Technology Developer of smart glasses for AR and VR applications | $29M | 45 mo ago | Seed | — | 2021 | — | — |
| 38 | BEIJING X-MAGTECH TECHNOLOGIES Developer of non-invasive magnetic resonance imaging equipment 64Funding top 32%Market top 39%Talent bottom 45%Global bottom 36% All 4 signals ▾Fundingtop 32% Markettop 39% Talentbottom 45% Globalbottom 36% Funding: Raised $28.7M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) Market: 150 employees (top 24% of HealthTech) rank vs industry peers · Fliar Intelligence Index 64/100 | $29M | 22 mo ago | Series A | 150 | 2020 | — | — |
| 39 | Ai Linking Provider of AI and cloud-based industrial visual inspection solutions | $21M | 28 mo ago | Series A | — | 2020 | — | — |
| 40 | Beijing Hongcheng Innovation Technology Developer of IoTsolution for biological sample tracking 32AI top 45%Funding top 48%Market bottom 39%Global bottom 29% All 4 signals ▾AItop 45% Fundingtop 48% Marketbottom 39% Globalbottom 29% AI: Product described with: ai-based Funding: Raised $15.7M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 32/100 | $16M | 16 mo ago | Series B | 30 | 2014 | — | — |
| 41 | Zhidi Automobile Technology AI-powered provider of V2X solutions for autonomous vehicles | $14M | 37 mo ago | Series A | 500 | 2015 | — | — |
| 42 | Digital Twins Provider of AI-based digital twin solutions for multiple industries | $14M | 29 mo ago | Series A | — | 1999 | — | — |
| 43 | Renxin Technology Developer of high-performance SerDes chips and related software service solutions 27Talent top 38%Funding top 44%Market bottom 37%Global bottom 29% All 4 signals ▾Talenttop 38% Fundingtop 44% Marketbottom 37% Globalbottom 29% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $13.9M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $14M | 3 mo ago | Series A | — | 2022 | — | — |
| 44 | Voyager Technology Provider of ADAS and ADS to improve driving safety in autonomous vehicles | $14M | 26 mo ago | Series B | — | 2013 | 2 patents Precision optical beam steering components for LiDAR systems | — |
| 45 | Benewake Developer of commercial LiDAR for Robots | $14M | 31 mo ago | Series C | 200 | 2015 | — | — |
| 46 | Beijing Naidejia Display Technology Provider of optical modules for AR smart glasses | $14M | 18 mo ago | Series C | — | 2015 | — | — |
| 47 | SynSense Developer of neuromorphic chips and bio-inspired vision sensors and software | $13M | 38 mo ago | Series A | 65 | 2017 | — | — |
| 48 | Weifulai Technology Provider of smart waste management solutions 55Market top 31%Funding top 47%Global bottom 29% All 3 signals ▾Markettop 31% Fundingtop 47% Globalbottom 29% Market: 300 employees (top 7% of High Tech) Funding: Raised $8.4M across 1 rounds · 1 rounds over 3 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $8M | 3 mo ago | Series C | 300 | 2013 | — | — |
| 49 | Nanochap Bio-medical devices developer 69Talent top 35%Market top 39%Funding top 42%Global bottom 36% All 4 signals ▾Talenttop 35% Markettop 39% Fundingtop 42% Globalbottom 36% Talent: Analyst team rating 4/5 · 2 named leaders on record Market: 100 employees (top 25% of High Tech) rank vs industry peers · Fliar Intelligence Index 69/100 | $4M | 1 mo ago | Series B | 100 | 2014 | — | 1 job opening |
| 50 | Varadise Ai Provider of AI-powered digital twin solutions for construction site management | $3M | 17 mo ago | Series A | 28 | 2018 | — | — |
Top 12 Internet of Things - Industry Applications companies in China
#1
XREAL 🦄Series D · Haidian, Beijing · founded 2017 · 400 employees$300Mraised▾
Provider of augmented reality smart glasses and immersive display technology. It develops AR glasses and companion systems that enable users to view, interact with, and transform 2D digital content into 3D and spatial environments. It includes AR eyewear, connectivity hubs, and supporting software that allow seamless integration with apps, media, and gaming platforms. These solutions are designed for entertainment, productivity, and extended reality use cases, enabling portable, high-quality immersive viewing experiences across multiple devices and environments.
- Jan 2026Series D$100M
- May 2025Series C$27.7M
- Jan 2024Series C$60M
- May 2023Series B$28.6M
#2
Megvii 🦄Series D · Beijing, Beijing · founded 2011 · 17 employees$2Braised▾
Developer of AIoT solutions, including software, hardware, and platform systems. The company provides AIoT operating systems, redefined hardware, and industry applications. These offerings facilitate IoT connection, data processing, digital twin implementation, and application enablement. The firm’s products include AIoT servers, integrated machines, smart cameras, and analysis boxes. It also offers platforms for city and enterprise-level applications.
- Apr 2025Series D—
- May 2019Series D$750M
- Sep 2018Series D$600M
- Oct 2017Series C$460M
#3
Series A · Nanjing, Jiangsu · founded 2022$13.9Mraised▾
Developer of high-performance SerDes chips and related software service solutions. The company focuses on automotive electronic chip research, development, and sales. Its products include车载SerDes chips, used for high-speed video image signal transmission from automotive sensors to domain controllers, and from domain controllers to display screens. The company's single-channel 16Gbps车载high-performance SerDes is in mass production.
- Feb 2026Series A—
- Apr 2025Series A—
- Apr 2024Seed$13.8M
- Sep 2023Seed$13.9M
#4
Series D · Chaoyang, Liaoning Sheng · founded 2014 · 50 employees$48.3Mraised▾
Provider of AI-powered smart glasses for multiple purposes. It offers smart glasses enabled with AI and AR that detects temperature and facilitate users to focus on targets, and broadcast mobile phone content. Its features include blast protection, heat dissipation design to protect against high temperature, suitability for various vision conditions, and in-built noise cancellation speakers. It has its use cases in industries like medical, security, power plants, and maintenance.
- Sep 2025Series D—
- Nov 2021Series C$15.6M
- May 2020Series B$7M
- Jun 2018Series B$15.6M
#5
Series B · Hangzhou, Zhejiang · founded 2014 · 100 employees$3.8Mraised▾
Nanochap is a bio-medical device developer. Some of its devices include neural stimulator, blood pressure measurement, portable pain relief management. The company has developed the NanoHug, blood pressure measuring device, uses the electronic blood pressure measurement technology. The device contains a sensor for measuring diastolic blood pressure, systolic blood pressure, heart rate, and the pulse image of the human body.
- May 2026Series B$43.9M
- Dec 2016Series A$3.8M
#6
Series C · Hangzhou, Zhejiang · founded 2013 · 300 employees$8.4Mraised▾
Provider of smart waste management solutions. Its offerings include a cloud-based waste sorting machine and AI and blockchain-powered data analytics software. Its solution covers the entire waste management life cycle from classification, cearing, transportation, recycling, reduction treatment, and operations mangement. It alo offers smart access control locks, QR-code based samrt cabinets, sensor embedded sanitizer dispensers, and waste recycling plants.
- Mar 2026Series C—
- Jun 2023Series B$8.4M
#7
Series B · Nanjing, Jiangsu · founded 2018 · 400 employees$365.2Mraised▾
Developer of automotive-grade chips for intelligent cockpits, gateways, and controls. The company provides processors for vehicle applications, including digital instrument clusters, display audio, in-vehicle infotainment, and cockpits. It offers gateway processors for central gateways, V2X gateways, and central computing platforms. The company also develops microcontrollers for HUD, ADAS, BMS, LiDAR, and ADCU applications.
- Jul 2024Series B$137.7M
- Nov 2022Series B—
- Jul 2021Series B$154.2M
- Sep 2020Series A$73.3M
#8
Series D · Shanghai, Shanghai · founded 2010$150.3Mraised▾
Maxieye develops advanced driver assistance systems (ADAS) products and autopilot systems for automotive. Its range of ADAS products includes lane departure warning (LDW), front vehicle crash warning (FCW), pedestrian collision warning (PCW), autonomous emergency braking (AEB), intelligent distance optical switching, adapt to the headlamp system, and others.
- Oct 2024Series D$80M
- Aug 2022Series C—
- Nov 2021Series B$47M
- Mar 2020Series A$23.3M
#9
Seed · Suzhou, Jiangsu · founded 2017 · 30 employees$33.4Mraised▾
Forvision develops solutions for smart parking. Offers products such as automated parking assistance and smart parking systems with features including parking control, low-speed emergency braking, blind spot detection, low speed driving auxiliary function, driver assistance, and more. Additionally, it is developing low-speed automated driving and intelligent parking lot management systems.
- Apr 2025Seed—
#10
Public · Shanghai, Shanghai · founded 2009 · 1300 employees$572.7Mraised▾
Pateo providesSaas & AI enabled infotainment solutions for connected vehicles. It offers products that include connected car solutions packages for automotive OEMs including infotainment systems with related hardware and cloud-based telematics services. It has developed a smart car platform for OEMs to develop their infotainment dashboards and provide connected car services. It also has aftermarket products.
- Mar 2024Series D$208M
- Nov 2022Series C$41.2M
- Jun 2022Series C$149.4M
- Mar 2022Series B$47.3M
#11
Terminus 🦄Series D · Beijing, Beijing · founded 2015 · 800 employees$899Mraised▾
Terminus Technologies develops an end-to-end IoT solution for deployment at large scales (including urban scale). Its chief solutions are connected access control solutions. It also offers parking management systems using sensor hardware and a cloud-based data collection and analysis solution.
- Dec 2023Series D$276.5M
- Sep 2021Series D$93M
- Aug 2019Series C$283M
- Oct 2018Series B$172.9M
#12
Public · Beijing, Beijing · founded 2015$3.1Braised▾
Platform for self driving car technology. The platform supports development of intelligent driving systems that enable vehicles to navigate and operate with reduced human input. It focuses on software and system integration to support perception, decision making, and control within an online development environment.
- Sep 2022Series C—
- Jun 2022Series C—
- Jun 2021Series C$1.5B
- Feb 2021Series C$350M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things - Industry Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Internet of Things is moving in China
A read on the academic research around Internet of Things — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 6,850 China-affiliated papers.
- Beijing University of Posts and Telecommunications282
- University of Electronic Science and Technology of China191
- Southeast University190
- Tsinghua University158
- Xidian University148
- Wireless13→551
- Wireless sensor network82→600
- Computer security13→385
- Computer network30→380
- Robustness (evolution)5→255
- Wireless sensor network81→376
- Wireless11→279
- Computer security10→210
- Computer network35→232
- Key (lock)7→172
- Key (lock)7→58
- Big data3→34
- World Wide Web2→33
- Computer security18→48
- Cloud computing5→32
Where iot is researched across China
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing iot patents in China
China iot patent filing is accelerating — 116,627 filings from 8,000 assignees (2016–2025), led by Huawei TECH, ZTE, Guangdong OPPO Mobile Telecommun; annual filings 7172→13059.
- Huawei TECH52994
- ZTE17747
- Guangdong OPPO Mobile Telecommun9482
- Tencent TECH Shenzhen5966
- Beijing Xiaomi Mobile Software5197
- VIVO Mobile Communication4296
- Huawei Device2082
- Xiaomi2015
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.