Hon Hai Precision

Hon Hai Precision Industry, founded in 1974 and based in Taiwan, is the world's largest contract manufacturer of consumer electronics, communications, and computer products. As the principal supplier to Apple, which accounted for approximately 54% of its revenue in 2023, Hon Hai plays a pivotal role in the electronics supply chain. The company also manufactures upstream components, such as electronic connectors, semiconductor packaging, and metal casings for smartphones, primarily through its majority-owned subsidiaries, Foxconn Industrial Internet and FIH Mobile. In response to the maturation of its traditional markets—computers, smartphones, and telecom equipment—Hon Hai has been pursuing a strategy to diversify and enhance its expertise. Additionally, the company manages the Foxconn Technologies Fund, a venture capital fund focused on investing in the information technology and e-commerce sectors in India.

Jack Cheng

CEO, MIH Alliance

3 past transactions

AutoCore

Venture Round in 2021
Developer of automotive middleware platform intended to power next-generation vehicles. The company develops operating systems and autonomous driving software tailored for different automotive electrical and electronic architecture (EEA) computing platforms of next-generation vehicles, helping Original Equipment Manufacturers (OEMs) through full life cycle from design to production.

Aptpod

Series B in 2018
Aptpod Inc. is a Tokyo-based company specializing in the development and sales of M2M/IoT software and hardware solutions. Founded in 2006, Aptpod focuses on optimizing all aspects of data management, including collection, transmission, and visualization. Its key products include intdash, a bidirectional data transmission platform that streams data at intervals of 1 to 100 milliseconds, and visual M2M, a web application that visualizes real-time sensor data in the cloud. The company's technology connects various data-generating devices, such as automobiles and industrial machines, to mobile and internet networks, enabling efficient data analytics and visualization. This capability supports professionals across different industries in real-time monitoring, fault detection, and research and development, thereby enhancing operational efficiency and decision-making.

CloudMinds

Seed Round in 2016
CloudMinds Technologies Co., Ltd., founded in 2015 and headquartered in Beijing, China, specializes in cloud-based robotic applications and solutions. The company operates a comprehensive cloud robotics ecosystem that includes Human Augmented Robotics Intelligence with Extreme Reality (HARIX), a secure Virtual Backbone Network (VBN), and Robot Control Units (RCUs), which enable wireless control through advanced technologies such as cloud computing and blockchain. CloudMinds' flagship product, the XR-1 Robot, is a humanoid service robot that integrates Smart Compliant Actuator technology, allowing for precise interactions and safe engagement in various environments. The company aims to enhance automation for enterprise clients by providing secure, end-to-end mobility services and cloud artificial intelligence solutions, facilitating the automation of repetitive tasks in diverse sectors.
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