Best Internet of Things - Industry Applications Companies in Shanghai, China
The 89 best Internet of Things - Industry Applications companies in Shanghai, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Banma Network Technology.
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 Shanghai
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Banma Network Technology 🦄 Connected car platform | $698M | 59 mo ago | Series B | — | 2015 | Alex Shi CEO | — |
| 2 | PATEO Saas & AI enabled infotainment solutions for connected vehicles | $573M | 26 mo ago | Public | 1,300 | 2009 | — | — |
| 3 | YITU 🦄 Provider of AI based decision intelligence platform for multiple sectors | $385M | 30 mo ago | Series C | 1,507 | 2012 | Leo Zhu Co-Founder & CEO | — |
| 4 | Zongmu Technology 🦄 Tech-enabled platform offering ADAS and autonomous driving solutions | $382M | 50 mo ago | Series E | 835 | 2013 | Rui Tang Founder & CEO | — |
| 5 | 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 | Naveed Sherwani Founder | — |
| 6 | Maxieye ADAS products & autopilot systems for automotive | $150M | 19 mo ago | Series D | — | 2010 | Zhou Shengyan CEO | — |
| 7 | HiScene Provider of AR glasses and image recognition solution | $109M | 57 mo ago | Series C | — | 2012 | Chunyuan Liao Founder & CEO | — |
| 8 | PETKIT Private label brand of accessories for pets | $85M | 58 mo ago | Series D | 60 | 2013 | Weike Guo Founder & COO | — |
| 9 | Supremind Developer of video intelligent analysis and spatiotemporal data management AI | $81M | 46 mo ago | Series C | 90 | 2016 | Yao Peng Co-Founder | — |
| 10 | MOTOVIS AI-enabled platform offering solutions for autonomous driving | $38M | 48 mo ago | Series C | — | 2015 | Bruce Wang Co-Founder & COO | — |
| 11 | Chunmi Electronic Technology Manufactures and supplies smart kitchen appliances | $32M | 61 mo ago | Series D | 40 | 2009 | — | — |
| 12 | Qidi Technology Developer of smart glasses for AR and VR applications | $29M | 45 mo ago | Seed | — | 2021 | Mike Founder | — |
| 13 | Roadefend Provider of driver fatigue detection & safety system | $15M | 86 mo ago | Series B | — | 2012 | Wang Bo CEO | — |
| 14 | Phenomenon Array Developer of cloud and edge-based IoT platforms and devices | $15M | 49 mo ago | Series A | — | 2020 | Ru Chong CEO | — |
| 15 | PingJia Technology Data analytics platform and services for connected car | $14M | 100 mo ago | Series A | 10 | 2015 | — | — |
| 16 | Digital Twins Provider of AI-based digital twin solutions for multiple industries | $14M | 30 mo ago | Series A | — | 1999 | Junjie Ma Founder & CEO | — |
| 17 | Voyager Technology Provider of ADAS and ADS to improve driving safety in autonomous vehicles | $14M | 26 mo ago | Series B | — | 2013 | Brian Chen Co-Founder & CEO | — |
| 18 | Phase One Technology Shanghai-based provider of home automation solutions | $11M | 90 mo ago | Series B | — | 2013 | Wenting Zhu CEO | — |
| 19 | Shanghai Lingmo Intelligent Technology Provider of intelligent product recognition systems for offline retailers | $11M | 57 mo ago | Series A | — | 2017 | Fan Lingyun CEO | — |
| 20 | PowerBee IoT solutions for energy management | $9M | 94 mo ago | Series A | — | 2013 | Timo Meyst Owner | — |
| 21 | Green Motive Technology Provider of cloud-based device controllers for smart home appliances | $8M | 65 mo ago | Series A | 85 | 2011 | — | — |
| 22 | RySmart Wearable fitness products developer | $2M | 152 mo ago | Series A | 7 | 2013 | — | — |
| 23 | Mubai Technology Provider of industrial solutions data and artificial intelligence technology | $1M | 37 mo ago | Series A | 6 | 2002 | Qian Shengqia Founder & CEO | — |
| 24 | Radar Eye Provider of radar-based sensors for diversified applications | $1M | 58 mo ago | Series A | 50 | 2018 | — | — |
| 25 | ReSound Provider of wearable hearing aid devices | $1M | 444 mo ago | Late Stage | — | 2008 | — | — |
| 26 | Eachpal Remote positioning Devise and Apps for family safety tracking | $489K | 152 mo ago | Deadpooled | — | 2012 | Richard Yi CEO | — |
Top 12 Internet of Things - Industry Applications companies in Shanghai
#1
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
#2
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
#3
YITU 🦄Series C · Xuhui, Shanghai · founded 2012 · 1507 employees$385.1Mraised▾
Yitu provides AI-based business applications. It claims to have developed technologies for computer vision, natural language, knowledge reasoning, intelligent hardware and robotics for different business sectors such as security, finance, transportation, and healthcare. The company develops security systems, identification authentication, and recognition.
- Dec 2023Series C—
- Aug 2021Series C—
- Mar 2020Series C$30M
- Jul 2018Series C$100M
#4
Series E · Shanghai, Shanghai · founded 2013 · 835 employees$382.5Mraised▾
Tech-enabled platform offering ADAS and autonomous driving solutions. It offers software and hardware enabled solutions in the automotive sector primarily aimed at improving safety and infotainment requirements. Their core product includes autonomous valet parking, driving assistance solutions, precision solutions, etc. It uses various technologies like computer vision, cloud, etc.
- Mar 2022Series E$157.1M
- Jun 2021Series D$190M
- Jul 2019Series C$14.6M
- Jun 2018Series C—
#5
Series B · Shanghai, Shanghai · founded 2013$13.8Mraised▾
Provider of ADAS and ADS to improve driving safety in autonomous vehicles. The company develops products and technologies in the fields of environmental perception, intelligent decision-making, and control execution for autonomous driving.
- Apr 2024Series B$13.8M
- May 2023Series B—
#6
Series A · Shanghai, Shanghai · founded 2018$154.4Mraised▾
Provider of processors for AI and IoT applications. It designs and develops application processors, embedded 32 and 64-bit processors, and development boards. It also offers software solutions to design and program hardware systems.
- Mar 2023Series A—
- Aug 2021Series A—
- Series A—
- Seed—
#7
Series B · Shanghai, Shanghai · founded 2015$697.7Mraised▾
Zebra Zhixing, a joint venture of Alibaba Group and SAIC Motor, has developed a connected car operating system named 'Banma'. Facilitates AR navigation, human-machine interaction, and internet connectivity & services in the vehicle as well as automates various vehicle functionalities such as engine start, vehicle diagnosis, lightings, seat adjustment, and more.
- Jul 2021Series B$464M
- Sep 2018Series A$233.7M
#8
Series A · Yangpu, Shanghai · founded 1999$13.9Mraised▾
Provider of AI-based digital twin solutions for multiple industries. It offers a digital twin platform that simulates the field operations and conditions, visualizes assets and their performance in real time. It caters to smart cities, marine, real estate, oil and gas, and manufacturing industries.
- Dec 2023Series A—
- Nov 2022Series A$13.9M
- Oct 2021Series A—
#9
Series C · Shanghai, Shanghai · founded 2016 · 90 employees$81.4Mraised▾
Developer of video intelligent analysis and spatiotemporal data management AI. The company provides a platform for video analysis and management of time-space data. It delivers algorithms and research in artificial intelligence. The company offers solutions for various applications.
- Aug 2022Series C$59.2M
- Jul 2020Seed$14M
- Sep 2019Seed$8.2M
#10
Series C · Shanghai, Shanghai · founded 2012$109.4Mraised▾
HiScene is an image recognition solution application platform which can be used in new media, e-commerce, video broadcasting, and other fields. Its offerings are HiLeia (real-time communication software for AR glasses); HiAR SDK (to develop AR apps); HiAR Cloud API (API for online recognition); HiAR Portal (visualised backend tool for content management); HiAR UI (UI for smart glass) and, HiAR G100, a smart AR augmented reality glass which features unibody design, Qualcomm Snapdragon 820 processor, 4GB LPDDR4 + 64GB EMMC memory, Sony 13 Mega Pixels camera and more.
- Sep 2021Series C$41.8M
- Aug 2019Series C$35M
- May 2019Series B$17.7M
- Aug 2017Series B$15M
#11
Series D · Shanghai, Shanghai · founded 2013 · 60 employees$85Mraised▾
Private label brand of accessories for pets. The product offerings include feeding bowls, water fountains, smart feeders, and cleaning supplies like paw cleaners, odor eliminators & mats. The products have features like light & motion sensors, water volumetric indicators & food-grade silicone impeller and can be controlled by its app. Its app is available on Android and iOS platforms.
- Aug 2021Series D$50M
- Sep 2020Series C—
- Feb 2019Series C$20M
- Dec 2017Series B$15M
#12
Seed · Shanghai, Shanghai · founded 2021$28.8Mraised▾
Developer of smart glasses for AR and VR applications. Its glasses are designed in such a way that it keeps the user's hand free. The smart glasses are based on Vertical Integration Pattern technology and cater to Web 3.0, Metaverse, etc.
- Sep 2022Angel$14.4M
- Sep 2022Angel$14.4M
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 Iot in Shanghai is moving
A read on the academic research around Iot in Shanghai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 424 papers.
Shanghai Jiao Tong University and peers optimistically advance IoT edge computing, energy-efficient sensors, and localization, with 93% of 424 papers post-2020 and breakthroughs dominating concerns 10-to-1.
- Shanghai Jiao Tong University134
- Shanghai Electric66
- Shanghai University36
- Shanghai Maritime University34
- University of Shanghai for Science and Technology21
- Internet of Things2→62
- Wireless3→44
- Wireless sensor network12→35
- Robustness (evolution)2→22
- Computer network3→16
- Internet of Things1→36
- Wireless1→17
- Wireless sensor network8→19
- Key (lock)1→10
- Underwater1→4
- Internet of Things1→9
- Wireless sensor network1→3
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.