Hermitage Capital is a private equity firm established in 2017, with offices in Hong Kong, Shanghai, and New York. The firm focuses on technology investments across various sectors, including artificial intelligence, semiconductors, autonomous driving, cloud computing, and consumer internet. Hermitage Capital actively partners with entrepreneurs to drive innovation and create value for its investors and portfolio companies. With approximately $1.5 billion in assets under management, the firm aims to capitalize on opportunities within the global technology landscape. Its investment portfolio includes notable companies such as Tencent Music, Airwallex, and SenseTime, among others.
Zhongke Solid Energy is a technology company that specializes in the development and production of all-solid-state battery-related products and comprehensive solutions.
Beijing Weilan New Energy Technology
Series D in 2022
Beijing Weilan New Energy Technology is an enterprise company focusing on the development and production of next-generation all-solid-state batteries. One of the battery companies with patents and technologies for all-solid-state battery cores. With the core concept of “Huijuwei Blue, Leading Solid State”, the company has a leading domestic and international leading technology and development team. The company was established in 2016 and is based in Beijing, China.
Airwallex
Series E in 2022
Airwallex is a global payments and financial platform that aims to streamline international transactions for businesses by eliminating the complexities and costs associated with traditional financial systems. The company offers a comprehensive suite of services, including payment processing, treasury management, and spend management, all integrated into a single platform. By leveraging an ecosystem of application programming interfaces, automation, and local payment networks, Airwallex enables clients to issue and pay invoices in their preferred currencies at mid-market foreign exchange rates. The platform is designed to support entrepreneurs and businesses in achieving their global objectives by providing seamless access to financial tools and opportunities worldwide.
MetaX
Series B in 2022
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.
Innovusion
Series C in 2022
Innovusion, Inc. is a developer of advanced image grade LiDAR sensor systems tailored for level 4 and 5 autonomous vehicles and advanced driver-assistance systems (ADAS). Founded in 2016 and based in Sunnyvale, California, the company focuses on delivering high-performance perception solutions that combine range, resolution, and hardware-accelerated sensor fusion. Their compact sensor systems are designed for ease of integration and cost-effectiveness, making them suitable for demanding applications in the autonomous driving market. Innovusion's innovative technology positions it as a key player in the rapidly evolving landscape of autonomous transportation.
XtalPi Technology
Series C in 2021
XtalPi Inc. is a pharmaceutical technology company that focuses on digital drug development solutions, leveraging quantum mechanics and artificial intelligence to enhance the efficiency of drug research and development. Founded in 2014 by a group of quantum physicists at MIT, the company has developed its Intelligent Digital Drug Discovery and Development (ID4) platform, which integrates advanced cloud computing algorithms to aid pharmaceutical firms in critical stages of drug R&D. XtalPi offers various tools, including XtalForc for visual force field calculations, XtalVision for crystal structure predictions, and Renova for platform support of its AI research initiatives. Its comprehensive services encompass crystal structure determination, solid-state testing, small molecule drug design, and collaborations in antibody and peptide research. Based in Cambridge, Massachusetts, with additional offices in China, XtalPi has established strategic partnerships with leading international pharmaceutical companies, demonstrating the broad applicability and recognition of its innovative technologies across the pharmaceutical value chain.
SmartMore
Series B in 2021
SmartMore is a developer and operator of smart industrial platforms aimed at enhancing manufacturing optimization and intelligent manufacturing. The company integrates artificial intelligence and related technologies to deliver solutions that include intelligent industrial platforms, integrated equipment, and digital intelligence media. By focusing on the synergy between scientific research and industry, SmartMore seeks to innovate continuously and restructure AI systems to improve machine understanding. Its offerings provide industrial users with essential services for manufacturing optimization and digitalization, facilitating a more efficient and advanced industrial landscape.
ScaleFlux
Series C in 2021
ScaleFlux, Inc. is a semiconductor company based in San Jose, California, with additional offices in Beijing, Shanghai, and Hangzhou, China. Founded in 2014, ScaleFlux specializes in computational storage solutions that enhance the efficiency of data centers and cloud infrastructure. The company focuses on helping clients manage data growth effectively, particularly in areas such as cloud computing, artificial intelligence, and enterprise applications. By integrating advanced compute engines with solid-state storage, ScaleFlux enables users to improve performance, efficiency, security, and scalability for data-intensive tasks. In addition to its storage and memory products, ScaleFlux offers fully validated firmware, software, and module designs to facilitate product adoption, ensuring customers can leverage optimized storage intelligence to enhance their infrastructure for computing and storage needs.
Horizon Robotics
Series C in 2020
Horizon Robotics is a prominent provider of advanced driver assistance systems (ADAS) and autonomous driving solutions specifically designed for passenger vehicles. The company develops proprietary software and hardware that integrate advanced algorithms and specialized processing capabilities. These technologies form the foundation for enhanced driving automation, aiming to improve both safety and the overall experience for drivers and passengers. By focusing on innovative solutions, Horizon Robotics plays a key role in the evolution of assisted and autonomous driving.
SenseTime
Series D in 2020
SenseTime Group Limited is an artificial intelligence company specializing in computer vision and deep learning technologies. Founded in 2014 and headquartered in Beijing, China, the company develops a wide range of AI solutions, including face and body analysis, image and video recognition, autonomous driving technologies, and medical image analysis. SenseTime's proprietary AI infrastructure, SenseCore, supports scalable and efficient AI software platforms tailored for various applications across sectors such as smart cities, intelligent transportation, healthcare, and finance. The company is also active in advancing industry standards related to data security and ethical AI practices, having contributed to numerous national and international guidelines. With a presence in multiple countries, including Japan, Singapore, and several locations in China, SenseTime aims to drive innovation and foster sustainable productivity through its AI technologies.
Medlinker
Private Equity Round in 2020
Medlinker operates as a social networking platform specifically designed for certified doctors, enabling them to connect with peers and access high-quality medical information. The platform facilitates knowledge sharing among healthcare professionals, allowing users to exchange experiences and insights. It offers various features, including medical quizzes, case mapping, and anonymous social circles, aimed at enhancing collaboration within the medical community. Additionally, Medlinker connects verified doctors with healthcare institutions, pharmaceutical companies, patients, and insurance firms, streamlining the process for patients to book medical appointments and submit inquiries to the medical community. Through these functionalities, Medlinker aims to improve the efficiency of healthcare interactions and support physicians in their professional development.
SenseTime
Series D in 2020
SenseTime Group Limited is an artificial intelligence company specializing in computer vision and deep learning technologies. Founded in 2014 and headquartered in Beijing, China, the company develops a wide range of AI solutions, including face and body analysis, image and video recognition, autonomous driving technologies, and medical image analysis. SenseTime's proprietary AI infrastructure, SenseCore, supports scalable and efficient AI software platforms tailored for various applications across sectors such as smart cities, intelligent transportation, healthcare, and finance. The company is also active in advancing industry standards related to data security and ethical AI practices, having contributed to numerous national and international guidelines. With a presence in multiple countries, including Japan, Singapore, and several locations in China, SenseTime aims to drive innovation and foster sustainable productivity through its AI technologies.
Medlinker
Private Equity Round in 2020
Medlinker operates as a social networking platform specifically designed for certified doctors, enabling them to connect with peers and access high-quality medical information. The platform facilitates knowledge sharing among healthcare professionals, allowing users to exchange experiences and insights. It offers various features, including medical quizzes, case mapping, and anonymous social circles, aimed at enhancing collaboration within the medical community. Additionally, Medlinker connects verified doctors with healthcare institutions, pharmaceutical companies, patients, and insurance firms, streamlining the process for patients to book medical appointments and submit inquiries to the medical community. Through these functionalities, Medlinker aims to improve the efficiency of healthcare interactions and support physicians in their professional development.
VoxelCloud
Series B in 2019
VoxelCloud Inc. is a company specializing in cloud computing and artificial intelligence solutions aimed at enhancing the interpretation of medical images and clinical data for healthcare professionals. Founded in 2015 and headquartered in Los Angeles, California, VoxelCloud provides automated medical image analysis and diagnostics services utilizing proprietary algorithms and deep learning techniques. The company focuses on critical clinical areas, including lung cancer, diabetic retinopathy, coronary heart disease, and liver disease, ensuring that medical practitioners receive accurate and timely insights. In addition to its Los Angeles base, VoxelCloud has offices in Shanghai and Suzhou, China, and maintains a research and development team in Phoenix, further expanding its capabilities in the healthcare sector.
HaoDF
Series F in 2019
HaoDF is an internet medical platform that facilitates connections between doctors and patients. It offers a medical triage service that provides patients with real-time updates on medical reference news and outpatient information. The platform allows for online appointment booking, enhancing accessibility to healthcare services. By streamlining communication and providing essential medical information, HaoDF aims to improve the overall patient experience in accessing healthcare.
Airwallex
Series C in 2019
Airwallex is a global payments and financial platform that aims to streamline international transactions for businesses by eliminating the complexities and costs associated with traditional financial systems. The company offers a comprehensive suite of services, including payment processing, treasury management, and spend management, all integrated into a single platform. By leveraging an ecosystem of application programming interfaces, automation, and local payment networks, Airwallex enables clients to issue and pay invoices in their preferred currencies at mid-market foreign exchange rates. The platform is designed to support entrepreneurs and businesses in achieving their global objectives by providing seamless access to financial tools and opportunities worldwide.
Ximalaya FM
Series E in 2018
Ximalaya (喜马拉雅) is a service website that enables users to share voices and personal radio stations. It is a product of Beijing Nali Huiju Network Science and Technology Co., Ltd. It was founded in August, 2012 and is committed to the construction and operation of online audio sharing platform. It launched ""Ximalaya APP"" in March 2013, and in just half a year, it achieved the target of ten million subscribers. In early May of 2014, the number of activated users of Himalaya exceeded 50 million, making Ximalaya the biggest online audio sharing platform in China. On May 22, 2014, Himalayan announced that it has successfully received an A series venture capital investment of 11.5 million US dollars. As of May 2014, the Ximalaya certified audio show creators were more than 6000. Its established columns were 240000 with audio volume reaching nearly 3 million and average daily new upload audio hitting more than 10000.
Lufax
Series C in 2018
Lufax is a technology-driven personal financial services platform based in China and affiliated with Ping An Insurance. The company specializes in various financial services, including wealth management and retail credit facilitation. Lufax offers a range of services related to financial asset transactions, including investment services for institutions and individual investors, as well as transaction financing consulting. Its comprehensive platform supports financial asset allocation and transaction organization, enabling clients to manage their financial needs effectively. Through its innovative approach, Lufax aims to enhance financial accessibility and efficiency for its users.
360 Finance
Series B in 2018
360 Finance - A spin-off from Qihoo, is one of the largest FinTech companies in China. It serves millions of consumers with various types of saving products and loan services. By leveraging Qihoo’s massive 800 million user base, 360 Finance is able to quickly and exponentially grow its user base, while building a comprehensive risk management platform.
WeDoctor
Venture Round in 2018
WeDoctor is a prominent medical health technology platform founded in 2010 by Liao Jieyuan and his team. The company aims to enhance access to healthcare by leveraging technology to provide a comprehensive range of services. Its mobile application allows users to connect with hospitals and doctors, schedule appointments, and access medical advice and ratings for healthcare providers. By integrating both online and offline medical services, WeDoctor aspires to serve as a health management organization, facilitating improved healthcare experiences for millions of families. The platform emphasizes a user-friendly approach to healthcare, making essential medical services readily available and efficient.
Tencent Music Entertainment Group
Private Equity Round in 2018
Tencent Music Entertainment Group (TME) is the leading online music entertainment platform in China, formed in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. The company operates the top four music mobile applications in the country, catering to a diverse user base with over 800 million monthly active users. TME offers a comprehensive suite of services, including online music streaming, karaoke, and music-centric live streaming, all designed to enhance user engagement. The platform integrates social interactions such as sharing, liking, commenting, and virtual gifting, which complement the core music experience. This focus on social connectivity not only enriches the listening experience but also increases user retention and engagement across its services. Tencent holds a majority stake in TME, ensuring significant influence over its operations and direction.
Ping An HealthKonnect
Series A in 2018
Ping An HealthKonnect offers online healthcare services and health management.
HaoDF
Series F in 2017
HaoDF is an internet medical platform that facilitates connections between doctors and patients. It offers a medical triage service that provides patients with real-time updates on medical reference news and outpatient information. The platform allows for online appointment booking, enhancing accessibility to healthcare services. By streamlining communication and providing essential medical information, HaoDF aims to improve the overall patient experience in accessing healthcare.
Tencent Music Entertainment Group
Private Equity Round in 2017
Tencent Music Entertainment Group (TME) is the leading online music entertainment platform in China, formed in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. The company operates the top four music mobile applications in the country, catering to a diverse user base with over 800 million monthly active users. TME offers a comprehensive suite of services, including online music streaming, karaoke, and music-centric live streaming, all designed to enhance user engagement. The platform integrates social interactions such as sharing, liking, commenting, and virtual gifting, which complement the core music experience. This focus on social connectivity not only enriches the listening experience but also increases user retention and engagement across its services. Tencent holds a majority stake in TME, ensuring significant influence over its operations and direction.
TUS International
Convertible Note in 2017
TUS International Limited is a company headquartered in Beijing, China, that specializes in the production and sale of advanced driving assistance systems (ADAS) and automotive-grade wireless connectivity modules. Incorporated in 2004, it plays a significant role in the development of smart and connected vehicle technologies, aligning with China's "Made in China 2025" initiative. TUS International operates across multiple regions, including the People’s Republic of China, Europe, the United States, and the Asia Pacific. In addition to its core automotive offerings, the company is involved in financing services related to leasing motor vehicles and equipment, further enhancing its presence in the automotive sector. TUS International aims to lead the advancement of intelligent driving solutions and actively seeks investment opportunities in overseas markets, particularly in the United States and Europe.
D-Robotics
D-Robotics is a provider of robotic computing solutions. We're committed to delivering paradigm-shifting products that drive efficiency, simplify development and accelerate innovation.
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