Cowin Capital

Cowin Capital, established in 2000, is a Shenzhen-based private equity firm specializing in early-stage investments. With 18 years of experience, it focuses on supporting the growth of small and medium enterprises, primarily in the energy, communication, electronics, and environmental protection sectors. Cowin Capital takes a long-term approach, aiming to create value through strategic partnerships and operational support. It has successfully invested in over 300 companies, with 60 becoming publicly listed and 150 achieving successful exits. Notably, Cowin Capital was one of the first venture capital institutions to be listed on the New Third Board (NEEQ) in China.

Ding Baoyu

Managing Director, Partner

Li Chao

Partner

Kai Chen

Partner

David Ding

Managing Partner

Dong Dongdong

Partner

Wang Jing

Partner

Huang Li

Founding Partner and CEO

Peng Qian

Risk Control Partner, Interlayer Business Partner

Zhongcheng Tang

Managing Partner

Zheng Weihe

Chairman, Founding Partner

Cai Weiliang

Partner

Yanbin Xi

Partner

Yang Xiaomin

Managing Director

Duan Yao

US Dollar Fund Partner

Tong Zaiping

Partner

Zhang Wenjun

Partner

Zhang Yiwei

Partner

Peng Zhang

Partner

Alex Zheng

Founding Partner and Board Chairman

Tang Zhongchen

Managing Director, Cowin Partner

Shu Qing

Partner

Wang Peng

Investor

Past deals in Industrial Automation

Quanzhi Technology

Seed Round in 2025
Quanzhi Technology is a company that specializes in the development and manufacturing of industrial robots, providing advanced automation solutions for various industries

Damo Intelligent Control

Series A in 2025
Damo Intelligent Control is a national specialized "little giant" enterprise and a national high-tech enterprise focusing on the research and development, production, sales, and service integration of drone cluster automation performance systems. It is the world's leading supplier of drone cluster automation performance systems.

Hengtuogao

Series B in 2024
Hitop Pneumatic Machinery specializes in the development, production, and distribution of pneumatic and electric actuators, grippers, and a wide range of components suitable for industrial automation. The company focuses on providing solutions that enhance efficiency and productivity in various industrial settings. With a commitment to innovation and quality, Hitop offers products designed to meet the diverse needs of its customers. The company's portfolio includes a comprehensive selection of automation machinery that caters to different sectors, ensuring that clients have access to the tools necessary for optimizing their operations.

Pavepal

Seed Round in 2024
Paitner is an intelligent construction robot developer focuses on construction robot research and is dedicated to offering Chinese robot solutions for the world's dangerous, dirty, and labor-scarce construction industry.

Qingchuan Intelligent Technology

Series A in 2024
Qingchuan Intelligent Technology is a high-tech enterprise that develops and manufactures robot servo drives, motors, and control products. It specializes in the research, development, and production of these components, catering to advanced robotics and intelligent equipment applications. The company offers a range of solutions, including servo drives, servo motors, robotic control systems, integrated mechanisms, and smart equipment, tailored to diverse customer needs.

Sigma Squares Tech

Series B in 2024
Sigma Squares Tech focuses on developing automated manufacturing systems and industrial automation solutions. The company specializes in computer vision technologies and offers cloud-based platforms that analyze significant volumes of industrial data during the manufacturing process. By providing integrated analytical and control solutions, Sigma Squares Tech aims to enhance the efficiency and intelligence of small and medium-sized manufacturing companies.

Feiduwei

Angel Round in 2024
Feiduwei specializes in researching and developing mixed digital and analog circuits, including signal chain and power-related chips.The devices are utilized in automotive electronics, industrial control, consumer electronics, and various other applications.

MatriBox

Seed Round in 2024
MatriBox specializes in edge control systems and solutions designed to enhance industrial automation. The company is dedicated to the research and development of high-performance controllers and industrial network input/output products. MatriBox aims to facilitate the digitalization of factory operations by offering advanced motion control and programmable logic controllers within its intelligent edge industrial control systems. Additionally, the company provides comprehensive services for information integration, enabling seamless collaboration between cloud, edge, and device technologies. This holistic approach allows MatriBox to support users in achieving full plant automation and implementing digital transformation projects effectively.

Sinsegye

Series A in 2023
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.

Wonsor

Venture Round in 2023
Wonsor is a developer and manufacturer specializing in automatic precision detection technology. The company offers a range of smart sensor products, including displacement sensors, 3D sensors, and laser radar, which are designed for industrial applications. Utilizing advanced technologies such as chip technology, precision optical systems, embedded systems, image processing, and artificial intelligence, Wonsor provides professional detection solutions tailored to meet the needs of its clients. By integrating these technologies, the company aims to enhance the quality and efficiency of its detection systems in various industrial settings.

Sinsegye

Seed Round in 2023
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.

XiRobot

Series B in 2023
XiRobot is a high-tech firm that operates in the design, development, and manufacture of intelligent automation equipment for welding and cutting. It is dedicated to addressing the pressing demand for intelligent welding and cutting robots in the manufacturing sector and enhancing the competitiveness of the manufacturing sector in the nation.

MatriBox

Seed Round in 2023
MatriBox specializes in edge control systems and solutions designed to enhance industrial automation. The company is dedicated to the research and development of high-performance controllers and industrial network input/output products. MatriBox aims to facilitate the digitalization of factory operations by offering advanced motion control and programmable logic controllers within its intelligent edge industrial control systems. Additionally, the company provides comprehensive services for information integration, enabling seamless collaboration between cloud, edge, and device technologies. This holistic approach allows MatriBox to support users in achieving full plant automation and implementing digital transformation projects effectively.

Moment Control Xinchen

Angel Round in 2023
Moment Control Xinchen is a manufacturer of technologically advanced industrial control systems.

McGrab

Series A in 2023
McGrab provides magnetic energy industry development technology and equipment services. Their products include charging and demagnetizing equipment and magnetization automation equipment. Their product application fields cover new energy vehicle drive motors, industrial automation, strategic development industries, and emerging industries.

Sinsegye

Seed Round in 2022
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.

Comwin Automation Technology

Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the semiconductor packaging and manufacturing industry. Its primary focus is on the research, development, production, sales, and service of automation equipment tailored for flat panel display (FPD) and flexible screen display manufacturers. The company supplies a range of non-standard machinery and optimized solutions for automated testing and assembly of flat panel display modules.

FDMTEK

Seed Round in 2021
Zhongke Benyuan manufactures digital signal processor (DSP) chips. It provides DSP products and solutions for industrial control, renewable energy, electric vehicles, household appliances, rail transit, and other applications.

XinHeYun

Series C in 2021
New Nuclear Cloud is an industrially intelligent software service company that combines data and processes to realize the needs of manufacturing enterprises and configure services. They provide container technologies and services to meet the various needs of enterprises for data deployment.

Kossi

Series A in 2021
Kesi Intelligent is a company that specializes in motion controller systems and offers servo drive application services. It products include servo drives, servo motors, industrial controllers, robots, human machine interfaces, linear motors.

XinHeYun

Series B in 2021
New Nuclear Cloud is an industrially intelligent software service company that combines data and processes to realize the needs of manufacturing enterprises and configure services. They provide container technologies and services to meet the various needs of enterprises for data deployment.

Luoan

Series B in 2020
Luoan Technology specializes in industrial cyberspace security, providing a range of products and solutions aimed at enhancing safety and security for various industries. The company offers services that include security management, risk assessment, penetration testing, emergency response, safety training, and compliance testing. Its clientele encompasses sectors such as petrochemical, equipment manufacturing, power, metallurgy, and chemicals. By focusing on these industries, Luoan Technology aims to help businesses safeguard their operations, ensuring the protection of both workers and products.

COSMOplat

Series A in 2020
COSMOplat is an online platform that provides industrial internet services. It is a subsidiary of Haier and its services include industrial Internet platform operation, industrial intelligence research, intelligent control, intelligent equipment, and automation. It was founded in 2017 and is headquartered in Shanghai, China.

Luoan

Series A in 2019
Luoan Technology specializes in industrial cyberspace security, providing a range of products and solutions aimed at enhancing safety and security for various industries. The company offers services that include security management, risk assessment, penetration testing, emergency response, safety training, and compliance testing. Its clientele encompasses sectors such as petrochemical, equipment manufacturing, power, metallurgy, and chemicals. By focusing on these industries, Luoan Technology aims to help businesses safeguard their operations, ensuring the protection of both workers and products.

Lihexing

Funding Round in 2019
Shenzhen Lihexing Co., Ltd., established in 2006, specializes in manufacturing and selling automation and intelligent equipment. Its product portfolio includes universal film machines, laminating machines, TP laminating equipment, and customized equipment. Primarily serving the mobile smart terminal and network infrastructure device industries, Lihexing's clients include prominent companies such as Huawei, Foxconn, and TCL. The company aims to be a leading provider of intelligent manufacturing solutions.

Riseye

Series A in 2018
Riseye is a machine vision technology company based in Shenzhen, specializing in intelligent analysis systems and equipment for various industrial sectors. The company develops computer vision and deep learning technologies, offering smart visual detection systems that integrate artificial intelligence with industrial applications. Riseye provides comprehensive machine vision detection and measurement solutions, along with the necessary equipment to support product testing needs within industrial manufacturing.

Aante

Series B in 2018
Aante is a comprehensive supplier of FA factory automation components. It is committed to the development and manufacturing of automobile testing and testing equipment.

Riseye

Seed Round in 2018
Riseye is a machine vision technology company based in Shenzhen, specializing in intelligent analysis systems and equipment for various industrial sectors. The company develops computer vision and deep learning technologies, offering smart visual detection systems that integrate artificial intelligence with industrial applications. Riseye provides comprehensive machine vision detection and measurement solutions, along with the necessary equipment to support product testing needs within industrial manufacturing.

Tunicorn Technology

Series A in 2017
Tunicorn Technology, founded in 2014 and based in Shanghai, China, specializes in advanced technology services focusing on artificial intelligence and computer vision. The company offers a range of solutions, including image and video search, facial recognition, motion tracking, and machine vision. These technologies are applied across various sectors such as security monitoring, advertising media, internet security, television media, and industrial applications. Additionally, Tunicorn Technology provides services related to visual algorithms, optical systems, precision control, and big data, aiming to deliver high-quality visual inspection equipment and solutions for its clients.

Yueqian Keji

Post in 2017
Yueqian Keji is an innovative entrepreneurial platform that integrates technology, talents, capital, and business services with Internet +, virtual reality, intelligent hardware, the internet of things, and industry 4.0 as the main incubation direction originating from technology, good at cultivation, good at integration, gather cross-border wisdom and resources from online to offline, with technology and talents as the core and capital as the support, create a new collaborative ecosystem.

Candela

Angel Round in 2017
Candela is a robotic hardware and software design company. The company focuses on magnetic suspension technology and autopilot technology. It provides terminal intelligent 3D distribution solutions from the outdoor to the indoor and realizes full process automation solutions for the last mile of distribution in CBD, technology parks, corporate headquarters, universities, and communities. Candela's unmanned logistics vehicles, building robots, and hotel service robots are used to provide a complete set of solutions to cover multiple links systematically, help the industry reduce costs, increase efficiency, and release manpower.

LAUNCH

Post in 2016
LAUNCH is a technology that uses intelligent technology to activate industry engines, drive industry transformation and upgrading, and promote social security development. It is an intelligent inspection robot, an intelligent infrared thermal imaging product, and a solutions provider.

Tunicorn Technology

Angel Round in 2015
Tunicorn Technology, founded in 2014 and based in Shanghai, China, specializes in advanced technology services focusing on artificial intelligence and computer vision. The company offers a range of solutions, including image and video search, facial recognition, motion tracking, and machine vision. These technologies are applied across various sectors such as security monitoring, advertising media, internet security, television media, and industrial applications. Additionally, Tunicorn Technology provides services related to visual algorithms, optical systems, precision control, and big data, aiming to deliver high-quality visual inspection equipment and solutions for its clients.

Vintage

Angel Round in 2014
Yuntaiji Technology is an enterprise specializing on the field of intelligent machine vision, and an AI technology research and development center. They provide a complete set of services for industrial robots and intelligent hardware development and manufacturing.

Guangzhou Jingyuan Mechano-Electric Equipment

Series A in 2012
Guangzhou Jingyuan Mechano-Electric Equipment specializes in the production of industrial robots, automated logistics systems, and intelligent equipment systems tailored for the industrial and logistics sectors. By providing advanced technological solutions, the company aims to enhance operational efficiency for its clients, helping them reduce both time and costs in their business processes. Through its innovative products, Guangzhou Jingyuan Mechano-Electric Equipment seeks to revolutionize the Chinese industrial landscape.
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