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.

Cai Weiliang

Partner

Ding Baoyu

Managing Director, Partner

Dong Dongdong

Partner

Duan Yao

US Dollar Fund Partner

Huang Li

Founding Partner and CEO

Li Chao

Partner

Peng Qian

Risk Control Partner, Interlayer Business Partner

Shu Qing

Partner

Tang Zhongchen

Managing Director, Cowin Partner

Tong Zaiping

Partner

Ziping Tong

Partner

Wang Jing

Partner

Yang Xiaomin

Managing Director

Wenjun Zhang

OTC Market Fund Partner

Zhang Yiwei

Partner

Zheng Weihe

Chairman and Founding Partner

Alex Zheng

Founding Partner and Board Chairman

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 is a developer of automated manufacturing systems that focuses on industrial automation and computer vision solutions. The company specializes in creating cloud-based vision service platforms and algorithms designed to detect and analyze substantial volumes of industrial data during the manufacturing process. By offering integrated analytical and control solutions, Sigma Squares Tech aims to enhance operational efficiency for small and medium-sized manufacturing companies, enabling them to leverage advanced technology for improved productivity and decision-making.

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 is a supplier specializing in edge control systems and solutions for industrial automation. It designs, develops, and manufactures high-performance controllers and industrial network IO products, integrating information to facilitate cloud-edge-device collaboration. The company offers comprehensive services including whole-plant automation and digital project implementation to assist clients in their industrial digital transformation efforts.

Sinsegye

Series A in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Wonsor

Venture Round in 2023
Wonsor is a developer and manufacturer specializing in automatic precision detection technology, offering a range of professional detection solutions and chip-based products. The company leverages advanced technologies, including precision optical technology, embedded systems, image processing, and artificial intelligence, to create smart sensor products. Its product lineup includes displacement sensors, 3D sensors, and laser radar, aimed at providing industrial users with high-quality detection solutions tailored to their needs.

Sinsegye

Seed Round in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

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 is a supplier specializing in edge control systems and solutions for industrial automation. It designs, develops, and manufactures high-performance controllers and industrial network IO products, integrating information to facilitate cloud-edge-device collaboration. The company offers comprehensive services including whole-plant automation and digital project implementation to assist clients in their industrial digital transformation efforts.

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 industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

QYSEA

Series B in 2022
Qysea specializes in the development of underwater robots and drones aimed at enhancing ocean exploration. The company creates unmanned underwater vehicles (UUVs) and related technologies designed for both recreational and industrial use, catering to film and sports enthusiasts as well as professionals. By utilizing innovative technology, Qysea aims to improve public understanding of the underwater world and its ecosystems. Additionally, the company is committed to building a marine content social platform that leverages virtual reality, live video, and interactive community features, allowing users to share their underwater experiences. With a focus on advancing key technologies and maintaining proprietary algorithms, Qysea supports the exploration and protection of ocean environments, ultimately inspiring a broader appreciation for the beauty and importance of marine life.

Comwin Automation Technology

Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the automated assembly and testing of flat panel display modules. The company caters to the FPD (flat panel display) and new flexible screen display industries, offering a range of non-standard machinery and comprehensive solutions tailored to meet clients' specific needs.

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 products and solutions, functioning as a security service operator. The company focuses on enhancing safety and security for various industries, including petrochemical, equipment manufacturing, and energy sectors. Its offerings encompass a wide range of services, such as security management and planning, risk assessment, penetration testing, emergency response, safety training, and compliance testing. By providing these comprehensive security solutions, Luoan Technology aims to help businesses safeguard their workers and products while ensuring regulatory adherence.

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 products and solutions, functioning as a security service operator. The company focuses on enhancing safety and security for various industries, including petrochemical, equipment manufacturing, and energy sectors. Its offerings encompass a wide range of services, such as security management and planning, risk assessment, penetration testing, emergency response, safety training, and compliance testing. By providing these comprehensive security solutions, Luoan Technology aims to help businesses safeguard their workers and products while ensuring regulatory adherence.

Lihexing

Funding Round in 2019
Shenzhen Lihexing Co., Ltd. is a manufacturer specializing in flexible industrial automation equipment, founded in 2006 and based in Shenzhen, China. The company’s product portfolio includes universal film machines, laminating machines, TP laminating equipment, and custom-designed equipment tailored to specific client needs. Lihexing focuses on providing automation and intelligent manufacturing solutions primarily for the production and inspection of mobile smart terminals and network infrastructure devices. Its notable clientele includes major industry players such as Huawei, Foxconn, and Canon, positioning the company as a significant contributor to advancements in manufacturing technology. The company underwent a name change in November 2014, reflecting its evolving business focus and commitment to innovation in the automation sector.

Riseye

Series A in 2018
Riseye is a Shenzhen-based company specializing in machine vision technology. It develops computer vision and deep learning solutions that integrate artificial intelligence with various industrial applications. The company offers intelligent analysis systems and smart visual detection systems designed to enhance product testing during industrial manufacturing processes. By providing comprehensive machine vision detection and measurement technologies along with necessary equipment, Riseye aims to meet the diverse needs of different industrial sectors, ensuring efficient and accurate quality control.

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 Shenzhen-based company specializing in machine vision technology. It develops computer vision and deep learning solutions that integrate artificial intelligence with various industrial applications. The company offers intelligent analysis systems and smart visual detection systems designed to enhance product testing during industrial manufacturing processes. By providing comprehensive machine vision detection and measurement technologies along with necessary equipment, Riseye aims to meet the diverse needs of different industrial sectors, ensuring efficient and accurate quality control.

Tunicorn Technology

Series A in 2017
Tunicorn Technology is a Shanghai-based company founded in 2014 that specializes in technology services focused on artificial intelligence and computer vision. The company's offerings include advanced solutions in image and video recognition, face recognition, motion tracking, and machine vision. These technologies are applicable across various sectors such as security monitoring, advertising, internet security, and industrial applications. Tunicorn Technology also provides services related to visual algorithms, optical systems, and precision control, aiming to deliver high-quality visual inspection equipment and solutions to its clients. With a commitment to innovation, the company strives to enhance the effectiveness and efficiency of visual technologies in diverse industries.

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 is a Shanghai-based company founded in 2014 that specializes in technology services focused on artificial intelligence and computer vision. The company's offerings include advanced solutions in image and video recognition, face recognition, motion tracking, and machine vision. These technologies are applicable across various sectors such as security monitoring, advertising, internet security, and industrial applications. Tunicorn Technology also provides services related to visual algorithms, optical systems, and precision control, aiming to deliver high-quality visual inspection equipment and solutions to its clients. With a commitment to innovation, the company strives to enhance the effectiveness and efficiency of visual technologies in diverse industries.

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.

DXY Tech

Series A in 2012
DXY Technology Co., Ltd. is an independent design house and distributor based in Shenzhen, China, specializing in semiconductor chips, software solutions, and product designs. Established in 2008, the company serves a diverse range of industries in the Asia Pacific region, including wireless communications, Internet of Things (IoT), security surveillance, electric metering, automotive electronics, and renewable energy. DXY operates through multiple sales offices across major cities in China, including Shanghai, Beijing, and Hong Kong. As of 2014, it functions as a subsidiary of Wuhan P&S Information Technology Co., Ltd.

Guangzhou Jingyuan Mechano-Electric Equipment

Series A in 2012
Guangzhou Jingyuan Mechano-Electric Equipment is a manufacturer specializing in industrial robots, automated logistics systems, and intelligent equipment systems. The company aims to transform the industrial sector in China by providing innovative solutions that enhance operational efficiency in both industrial and logistics applications. Through its advanced products, Guangzhou Jingyuan enables clients to optimize their business operations, resulting in significant time and cost savings.
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