Best IoT Applications Companies in China
The 161 best IoT Applications companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: XAG.
If you want a clear picture of which IoT Applications companies in China are actually pulling funding, this is the ranking you need: 161 firms tracked, sorted by disclosed equity and recent momentum. Total disclosed funding sits at $439M across the cohort. One name dominates that pool fast: Xag has raised $248M, which is a staggering share of the whole. Le Shake follows at $65M, and the rest of the top tier, Beijing Hongcheng Innovation Technology, Phenomenon Array, Mogulinker Technology, cluster in the $15-16M range. No unicorns yet, which tells you something about where the sector sits on the maturity curve.
So what's moving right now? Median install growth is running at roughly +16% year-on-year across 124 application and software development apps in this space, and the hot themes breaking through are audio editor tooling, playback and rendering engines, and, notably, drone electronic warfare. That last one is not subtle. Blockchain-based IoT integration is also picking up as a design pattern, and performance engineering for IoT at scale is increasingly where serious teams are focusing effort, according to recent technical writing on the subject. I'd watch the drone and audio renderer segment especially: coverage is rising fast, and the investor base here, Gobi Partners, Alibaba Entrepreneurs Fund, Aqua Ventures among them, tends to move early when a theme clusters like this.
Ranked: Best IoT Applications companies in China
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | XAG Manufacturer of agricultural drones, robots, autopilot consoles, and smart farm systems | $248M | 32 mo ago | Series C | 1,370 | Bin Peng Co-Founder | PHPYouTubeNginx+11 | 2 launchs |
| 2 | Le Shake Provider of IoT based smart payment solution | $65M | 58 mo ago | Series D | — | Chen Haohao Founder & CEO | WordPressMySQLPHP+5 | — |
| 3 | Mogulinker Technology Provider of industrial AI solutions for equipment manufacturing and service | $16M | 45 mo ago | Series C | — | Shen Guohui CEO | — | — |
| 4 | 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 | — | — | — |
| 5 | Guangzhou Boyt Technology Provider of tech-based manufacturing solutions for multiple industries | $15M | 64 mo ago | Series A | 100 | Li Jigeng CEO | — | — |
| 6 | Phenomenon Array Developer of cloud and edge-based IoT platforms and devices | $15M | 49 mo ago | Series A | — | Ru Chong CEO | — | — |
| 7 | Shanghai Lingmo Intelligent Technology Provider of intelligent product recognition systems for offline retailers | $11M | 57 mo ago | Series A | — | Fan Lingyun CEO | — | — |
| 8 | PowerBee IoT solutions for energy management | $9M | 94 mo ago | Series A | — | Timo Meyst Owner | — | — |
| 9 | Wuhan Light Oxygen Technology Provider of an IoT-based smart washing machines for laundry service | $8M | 101 mo ago | Series A | 100 | Zhang Xu CEO | — | — |
| 10 | Sichuan IOT Yida Technology Provider of intelligent warehouse management system | $7M | 85 mo ago | Deadpooled | — | Tang Su Co-Founder & CEO | — | — |
| 11 | KAT VR Provider of a VR-based omnidirectional treadmill | $7M | 57 mo ago | Series A | 60 | — | Cart FunctionalityShopifyBootstrap+28 | — |
| 12 | ScanTrust Counterfeiting protection for retailers and brands | $6M | 44 mo ago | Series A | 39 | Nathan Anderson CEO & Co-founder | WordPressMySQLPHP+25 | 2 job openings |
| 13 | Fairsense Developer of an IoT-enabled air quality monitoring system for enterprises | $3M | 99 mo ago | Series A | 30 | — | — | — |
| 14 | Suzhou Zhongteng Electronic Commerce Industrial internet of things solution for the natural gas industry | $3M | 93 mo ago | Seed | — | Zang Huawen CEO | — | — |
| 15 | Beacon Beacon technology solution for retail stores | $2M | 118 mo ago | Deadpooled | 15 | — | — | — |
| 16 | 720Health Environment monitoring tool | $2M | 122 mo ago | Series A | 38 | — | — | — |
| 17 | Shenzhen Xing Zhi shaped Technology Development Provider of energy saving and management solutions | $1M | 83 mo ago | Deadpooled | — | Duan Zhixuan Co-Founder | — | — |
| 18 | Mubai Technology Provider of industrial solutions data and artificial intelligence technology | $1M | 37 mo ago | Series A | 6 | Qian Shengqia Founder & CEO | — | — |
| 19 | Photonic Rayleigh Provider of fiber optic cable fault location and repair equipment | $1M | 52 mo ago | Series A | 20 | — | — | — |
| 20 | Henry Waltz Provider of a platform offering data preparation and discovery solutions | $1M | 73 mo ago | Seed | — | Tao Liu Founder & CEO | — | — |
| 21 | PassKit Proximity marketing and loyalty solutions | $1M | 142 mo ago | Series B | 13 | Paul Tomes Co-Founder and CEO | Google MapsMUIReact Router+26 | — |
| 22 | Carnot Innovations AI-enabled predictive maintenance solution for HVAC systems | $857K | 79 mo ago | Seed | — | Ashish Justin Co-Founder & CEO | Webflow EcommerceWebflowjQuery+8 | 2 partnerships |
| 23 | Loulilouwai Provider of IoT-based access control solutions for buildings | $724K | 109 mo ago | Seed | 70 | — | — | — |
Top 12 IoT Applications companies in China
#1
Series B · Tongzhou, Beijing · founded 2014 · 30 employees$15.7Mraised▾
Developer of IoT chips for biological sample tracking. The company has developed AI-based hardware, software, conductive nano-adhesive technology, and adjusted silane proportions to develop RFID-based labels for the tracking of biomedical samples stored at low temperatures. It has the capability to integrate multi-source data such as vision, phase, and signal strength, and does not diminish in response power in low temperatures.
- Feb 2025Series B—
- Apr 2022Series B$15.7M
- Jun 2021Series A—
#2
Series C · Tianhe, Guangzhou · founded 2007 · 1370 employees$247.6Mraised▾
Manufacturer of agricultural drones, robots, autopilot consoles, and smart farm systems. The company offers drones for spraying, spreading, field mapping, and logistics. Agricultural rovers are available for plant protection and farm material delivery. The autopilot consoles bring automated steering to tractors. Smart fertigation systems and IoT products extend automation to irrigation and nutrient management.
- Sep 2023Series C—
- Mar 2021Series C$46M
- Nov 2020Series C$181.6M
- Sep 2014Series A$20M
#3
Series D · Guangzhou, Guangdong · founded 2015$65.2Mraised▾
Le Shake Information Technology provides an IoT-based smart payment solution. Claims that the company offers a smart payment box that helps merchants to improve operational efficiency management. Provides a cloud-based platform for the device management that enables users to collect massive device data on the cloud and to achieve remote control of massive devices. Supports 3G/4G/wifi communication solutions and provides four docking modules that include pulse version, serial version, integrated chip and motherboard board. The company also offers SaaS systems to operators, motherboard intelligent integrated chips, anti-sweep kits, and face-sharing technology.
- Aug 2021Series D—
- Feb 2020Series C$21.5M
- Sep 2018Series B$29.1M
- Jul 2017Series B—
#4
Series C · Shenzhen, Guangdong Province · founded 2016$15.9Mraised▾
Provider of industrial AI solutions for equipment manufacturing and service. The company delivers AI applications for equipment manufacturers, service businesses, and manufacturing facilities. It offers AI-powered cloud control and energy management for manufacturing plants. The company provides AI large language models, an application platform, industrial software, and Internet of Things hardware.
- Sep 2022Series C$14.5M
- Nov 2020Series B—
- Feb 2020Series B—
- Jan 2019Series A—
#5
Series A · Beijing, Beijing · founded 2014 · 39 employees$5.5Mraised▾
ScanTrust creates copy-proof QR codes for use by retailers. The solution can be placed on product packages and verified using a smartphone and helps manufacturers protect against counterfeit goods as well as aids consumers to determine whether a potential purchase is real or fake.
- Oct 2022Grant (prize money)$2.3M
- 2022Series A—
- Mar 2019Grant (prize money)$56.1K
- Dec 2018Grant (prize money)$56.1K
#6
Series A · Shanghai, Shanghai · founded 2020$14.9Mraised▾
Developer of cloud and edge-based IoT platforms and devices. It offers an edge cloud platform for solving the generalization problem of edge scenarios, an AI-based video analytics platform, a series of intelligent edge devices, a mobile intelligent temperature measurement and epidemic prevention, and a series of all-in-one IoT devices.
- May 2022Series A$14.9M
#7
Series A · Minhang, Shanghai · founded 2002 · 6 employees$1.4Mraised▾
Provider of industrial solutions through the integration of data and artificial intelligence technology. The company provides digital SaaS tools that are used to monitor and manage the quality of products during the production management process of small and medium-sized manufacturing companies, improving the quality and efficiency of small and medium sized manufacturers.
- May 2023Series A—
- Jul 2020Seed$1.4M
#8
Series A · Xuhui, Shanghai · founded 2017$10.8Mraised▾
Provider of intelligent product recognition systems for offline retailers. Its IoT platform can identify brands, sub-brands, and product SKUs. It can be integrated with smart freezers, smart shelves, and other retail systems. It offers intelligently product check, and automatically generate in-store audit reports through the photo upload operation. The system supports SKU recognition, price tag recognition, price recognition, etc.
- Sep 2021Series A$10.8M
- 2019Seed—
- Apr 2018Angel—
#9
Series A · Guangzhou, Guangdong · founded 2014 · 100 employees$15.5Mraised▾
Provider of tech-based manufacturing solutions for multiple industries. Product offerings include enterprise energy management center, enterprise manufacturing execution system, preventive maintenance asset management system, production best practices, and enterprise power consumption characteristics.
- Feb 2021Series A$15.5M
- Feb 2019Seed—
#10
Series A · Hangzhou, Zhejiang · founded 2013 · 60 employees$7Mraised▾
Provider of a VR-based omnidirectional treadmill. Claims that it allows for multi-degrees of human motion creating infinite movement area in VR on minimum physical space in reality. Offers a VR-based walking solution for gamers and is suitable for home use.
- Sep 2021Series A—
- Aug 2020Series A$1.7M
- Feb 2017Series A$4.4M
- Feb 2016Angel$1M
#11
Deadpooled · Lanzhou, Gansu · founded 2011$7.4Mraised▾
Wulian Yida Technology (50.link) provide intelligent warehouse management systems powered by IoT and AI technologies Its core offering includes IoT sensor cloud, warehouse supervision system, warehouse management platform, and associated systems.
- May 2019Series A$7.4M
#12
Series A · Shanghai, Shanghai · founded 2013$8.8Mraised▾
PowerBee provides IoT solutions for energy management. Products include power communication chip, smart plugs, smart meters. Also, provides IoT applications such as power management system, lighting control system, temperature control system. Claims to have shipped over 100,000 smart meters to 10 cities mainly to the apartment market.
- Jul 2018Series A$8.8M
- Jul 2017Angel—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of IoT Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.