HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Rohit Agarwal

Managing Director

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Amit Jain

Managing Director

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Harshjit Sethi

Managing Director

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Industrial Automation

Noematrix

Seed Round in 2024
Noematrix is a technology company that designs and develops intelligent robots. It focuses on artificial intelligence and robotics, integrating multi-dimensional force control strategies and physical common sense into its products. The company aims to provide innovative and reliable solutions to its customers.

Swiss-Mile

Seed Round in 2024
Swiss-Mile is a technology company that specializes in developing an artificial intelligence-driven wheeled-legged robot aimed at enhancing labor processes and data collection. Originating as a spin-off from ETH Zurich, the company combines innovative design elements of wheels and legs in its robots, enabling them to navigate obstacles, traverse diverse terrains, and transport heavy payloads and sensors over long distances. This advanced mobile robot is designed to address labor shortages, reduce operational costs, and improve safety in various industries by providing tailored solutions that optimize specific workflows. Through its AI-based autonomy, Swiss-Mile aims to transform efficiency in labor-intensive environments.

Ethereal Machines

Series A in 2024
Ethereal Machines, established in 2014 and based in Bengaluru, India, specializes in manufacturing innovative 3D printers and 5-axis CNC machines. Their product portfolio includes the Halo, a hybrid machine combining subtractive and additive manufacturing, the Ray for multi-material and dual-color 3D printing, and the Pentagram, a compact 5-axis subtractive manufacturing machine. They cater to diverse sectors such as aerospace, medicine, jewelry, and education, fostering entrepreneurship and design freedom in engineering.

Swiss-Mile

Seed Round in 2023
Swiss-Mile is a technology company that specializes in developing an artificial intelligence-driven wheeled-legged robot aimed at enhancing labor processes and data collection. Originating as a spin-off from ETH Zurich, the company combines innovative design elements of wheels and legs in its robots, enabling them to navigate obstacles, traverse diverse terrains, and transport heavy payloads and sensors over long distances. This advanced mobile robot is designed to address labor shortages, reduce operational costs, and improve safety in various industries by providing tailored solutions that optimize specific workflows. Through its AI-based autonomy, Swiss-Mile aims to transform efficiency in labor-intensive environments.

Gongye Technology

Series B in 2023
Gongye Technology is a provider of intelligent sorting equipment based on the combination of AI and photoelectricity. As the demand for automation, intelligence, and digitalization grows among resource recycling companies, it has the responsibility to contribute our professional knowledge and continue to lead the inclusive application of global high-end intelligent sorting technology, so that more resource recycling companies can benefit.

Pulse Energy

Seed Round in 2023
Pulse Energy is a technology company that specializes in EV charging management solutions for fleet operations. It offers an API platform that seamlessly integrates with existing driver apps, enabling efficient charging operations. Pulse Energy's software provides AI-driven optimization, adaptive pricing, and connectivity with multiple charging station operators. This allows EV fleets and charging point operators to maximize charger utilization, reduce operational costs, and enhance overall charging efficiency. Additionally, Pulse Energy develops customer engagement software for energy management, helping to improve performance, engage occupants, and accurately measure and verify energy usage and performance.

Ethereal Machines

Series A in 2023
Ethereal Machines, established in 2014 and based in Bengaluru, India, specializes in manufacturing innovative 3D printers and 5-axis CNC machines. Their product portfolio includes the Halo, a hybrid machine combining subtractive and additive manufacturing, the Ray for multi-material and dual-color 3D printing, and the Pentagram, a compact 5-axis subtractive manufacturing machine. They cater to diverse sectors such as aerospace, medicine, jewelry, and education, fostering entrepreneurship and design freedom in engineering.

Xinsu Technology

Seed Round in 2023
Xinsu Technology develops, designs, and sells industrial machine vision sensor devices. It is specialized in new energy battery and automobile manufacturing industries. It engaged in intellectual property rights of decoding and reading algorithms and has launched a series of industrial high-performance fixed code readers such as R275-A.

Deep Intelligent Control Technology

Series A in 2023
Deep Intelligent Control is a service provider focused on digital intelligence innovation and energy conservation. The company specializes in developing advanced products and technologies aimed at improving energy efficiency through the Internet of Things (IoT) and Artificial Intelligence of Things (AIoT) technologies. By offering a plug-and-play IoT energy management and monitoring system, Deep Intelligent Control enables businesses to manage their energy usage with minimal technical expertise, ultimately reducing costs and enhancing operational efficiency. Their solutions are designed to achieve significant energy savings in electromechanical systems, contributing to a reduction in carbon emissions. Through their research and development efforts, Deep Intelligent Control supports the building and industrial sectors in becoming more digitally intelligent and sustainable.

Infcom

Series B in 2023
Infcom Industrial is a specialized business that focuses on high-end servo drives, servo motors, related software research and development, product manufacture, sales, and support.

Gudou Technology

Venture Round in 2023
Gudou Technology conducts digital twinning and modelling of various influencing factors in the production and operation processes of the enterprise. They help enterprises realize intelligent optimization decisions in a series of scenarios such as sales, procurement, production, inspection, and warehousing.

MoleculeMind

Seed Round in 2023
MoleculeMind is an AI-driven platform focused on protein design, aiming to enhance the discovery, optimization, and creation of proteins through advanced algorithms. By streamlining the drug development process, the company supports various sectors, including industrial and agricultural production, material design, and environmental enhancement. Its integrated biological computing system offers capabilities in predicting and designing peptides, antibodies, enzymes, and small proteins, facilitating industrial-scale applications in protein optimization and design.

Haawking

Series A in 2022
HAAWKING is a developer and manufacturer of digital signal processors and microprocessors, specializing in applications for industrial control, motor drives, digital power supplies, photovoltaic systems, energy storage, and consumer electronics. Based in China, the company emphasizes research and development in its product offerings, which also include machine vision chips tailored for use in industrial robots and intelligent applications such as augmented reality and autonomous driving. HAAWKING aims to enhance computing efficiency and reduce costs for its clients across various sectors. Customers can reach out to the company through email and phone for inquiries and support.

Rupan Technology

Seed Round in 2022
Rupan Technology involves actual combat offensive and defensive confrontation and unknown threat detection in the field of industrial information security. The company's products are used in industrial Internet fields such as petroleum and petrochemical, energy and power, rail transit, and intelligent manufacturing.

Eaglechip

Angel Round in 2022
EagleChip is a chip design company that specializes in the development and design of Field Programmable Gate Arrays (FPGAs). It focuses on research and development, creating tailored electronic design automation (EDA) toolchains that cater to various industries. These industries include communications, data centers, industrial control, consumer electronics, smart vehicles, video processing, and medical electronics. EagleChip aims to provide high-quality FPGA chip solutions to meet the specific needs of its customers, ensuring a reliable domestic supply in the competitive semiconductor market.

Supreium Technology

Series A in 2022
Supreium specializes in the development of computer-aided engineering (CAE) simulation software solutions tailored for intelligent manufacturing. Founded in 2016 and headquartered in Beijing, China, the company offers a software as a service (SaaS) platform that includes various services such as mold design, injection process analysis, and thermal balance assessments. Its offerings also encompass automatic defect detection through image scanning and process consulting services. Serving diverse sectors including medical treatment, marine water conservancy, communications, and industrial markets, Supreium is committed to advancing high-performance digital solutions through its innovative algorithms and cloud-native simulation technologies. The company is recognized for its focus on intelligent industrial design applications and is positioned at the forefront of CAE technology development.

J-Elephant

Angel Round in 2022
J-Elephant specializes in the development of intelligent mobile robots and industrial automation products, particularly focusing on autonomous mobile robots (AMR) tailored for the manufacturing sector. The company's flagship offering is a forklift AMR, which aims to enhance internal logistics by providing flexible solutions for manufacturers. Through its innovative technology, J-Elephant addresses the evolving needs of the manufacturing industry, facilitating improved efficiency and productivity in material handling and logistics operations.

MoleculeMind

Angel Round in 2022
MoleculeMind is an AI-driven platform focused on protein design, aiming to enhance the discovery, optimization, and creation of proteins through advanced algorithms. By streamlining the drug development process, the company supports various sectors, including industrial and agricultural production, material design, and environmental enhancement. Its integrated biological computing system offers capabilities in predicting and designing peptides, antibodies, enzymes, and small proteins, facilitating industrial-scale applications in protein optimization and design.

Beijing Xuanxing Technology

Angel Round in 2022
Xuanxing Technology specializes in developing an advanced execution navigation platform aimed at enhancing the efficiency and quality of core business processes for enterprises. Utilizing leading process mining and ultra-automation technologies, the company offers a digital and intelligent enterprise management system that includes services for data flow, process monitoring, and early warning, as well as process automation. This comprehensive approach allows businesses to effectively measure, optimize, and adapt to various complex process scenarios, ultimately supporting their operational goals and improving overall performance.

Wuxi Xinxiang

Series A in 2022
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

PuduTech

Series C in 2021
PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

Agile Robots

Series C in 2021
Agile Robots AG is a German company, founded in 2018 and headquartered in Gilching, with an additional office in Beijing, China. The company specializes in developing advanced robotic solutions that integrate artificial intelligence to enhance manufacturing, medical assistance, and service robotics. Its core offerings include a lightweight robotic arm featuring seven degrees of freedom and a general-purpose robot controller, designed for versatility in various applications. Agile Robots also provides a sophisticated robot vision system and scalable robotics optimized for seamless integration of perception, intelligence, and actuation. These systems are equipped with ultra-sensitive joint torque sensors, enabling them to detect and respond to interactions with human users and their environments, effectively bridging the gap between artificial intelligence and the physical world.

Syrius Robotics

Series B in 2021
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.

AgileX

Venture Round in 2021
AgileX Robotics (Dongguan) Co., Ltd is a manufacturer based in Dongguan, China, with an additional office in Shenzhen. Founded in 2017, the company specializes in designing and producing mobile robot products, including unmanned ground vehicles (UGVs) and automated guided vehicles (AGVs). AgileX's offerings cater to various industries such as logistics, security, agriculture, and animal husbandry. The company aims to provide innovative solutions that enhance operational efficiency and reduce the manual workload through advanced robotics technology. Their products are utilized in applications such as security inspection, industrial park operations, agricultural irrigation, and scientific research, demonstrating a commitment to advancing intelligent robotics for broader workforce liberation.

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.

PuduTech

Series C in 2021
PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

Wuxi Xinxiang

Series A in 2021
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

Agile Robots

Series B in 2021
Agile Robots AG is a German company, founded in 2018 and headquartered in Gilching, with an additional office in Beijing, China. The company specializes in developing advanced robotic solutions that integrate artificial intelligence to enhance manufacturing, medical assistance, and service robotics. Its core offerings include a lightweight robotic arm featuring seven degrees of freedom and a general-purpose robot controller, designed for versatility in various applications. Agile Robots also provides a sophisticated robot vision system and scalable robotics optimized for seamless integration of perception, intelligence, and actuation. These systems are equipped with ultra-sensitive joint torque sensors, enabling them to detect and respond to interactions with human users and their environments, effectively bridging the gap between artificial intelligence and the physical world.

SmartMore

Series A in 2020
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.

PuduTech

Series B in 2020
PuduTech takes catering industry as an entry point, and helps this traditional industry catch the first tide of Artificial Intelligence Era. They powers catering clients with robots to restructure their work flow, such as facilitating intelligent management, effective operation and standardized servicing. To liberate the attendants from laborious work, and let the robots do the job, is the mission of PuduTech.

Syrius Robotics

Series A in 2020
Syrius Robotics, founded in 2018 and based in Shenzhen, China, specializes in manufacturing autonomous mobile robots for material handling in various sectors, including e-commerce, retail, and logistics. The company develops its own operational systems, software platforms, and AIoT cloud services to enhance the efficiency of fulfillment centers and warehouses worldwide. Utilizing advanced technologies such as Artificial Intelligence, laser radar, and camera systems, Syrius Robotics provides intelligent logistics solutions that improve productivity and streamline logistics management. Their products are increasingly adopted by a diverse range of commercial organizations beyond the transportation industry, showcasing the versatility of their automation solutions.

Agile Robots

Series A in 2020
Agile Robots AG is a German company, founded in 2018 and headquartered in Gilching, with an additional office in Beijing, China. The company specializes in developing advanced robotic solutions that integrate artificial intelligence to enhance manufacturing, medical assistance, and service robotics. Its core offerings include a lightweight robotic arm featuring seven degrees of freedom and a general-purpose robot controller, designed for versatility in various applications. Agile Robots also provides a sophisticated robot vision system and scalable robotics optimized for seamless integration of perception, intelligence, and actuation. These systems are equipped with ultra-sensitive joint torque sensors, enabling them to detect and respond to interactions with human users and their environments, effectively bridging the gap between artificial intelligence and the physical world.

Encootech

Series B in 2020
Encootech, Co., Ltd., established in July 2017 and headquartered in Shanghai, China, specializes in the development of intelligent robotic process automation (RPA) platforms and solutions. The company, recognized as the first high-tech firm in China to focus on RPA technology, operates a research and development center in Suzhou and has expanded its presence by opening a subsidiary in Tokyo to cater to the Japanese market. Encootech is known for its flagship product, Digi4th, an intelligent RPA robot platform developed by a core team of experts previously affiliated with Microsoft's cloud computing department. The company's offerings are designed to enhance operational efficiency across various sectors, including the internet, finance, energy, telecommunications, and manufacturing, facilitating digital transformation and improving traditional industry practices.

IKAS Industrial Automation

Seed Round in 2020
Shenzhen Ikas Industrial Automation Co., Ltd. specializes in providing intelligent manufacturing solutions for industries such as integrated circuit (IC) manufacturing, packaging testing, LED, and photovoltaic sectors. Founded in 2017 and based in Shenzhen, China, the company has developed an advanced industrial system modeling technology called ROPN, which integrates artificial intelligence and big data. This technology supports the creation of over 30 modular products designed for various aspects of the manufacturing process, including equipment maintenance and production scheduling. By leveraging industrial AI technologies and the core principles of the Industrial Internet of Things, IKAS aims to enhance automation, improve production efficiency, and minimize reliance on manual labor in the manufacturing ecosystem.

Unitree Robotics

Series A in 2019
Unitree Robotics, founded in 2016 and based in Hangzhou, China, specializes in the development of innovative robotic solutions for consumer and industrial markets. The company's diverse portfolio features a range of robots, including quadrupeds like Laikago, a four-legged robodog designed as a research platform for scientists and roboticists. Additionally, Unitree Robotics offers humanoid robots and advanced perception systems, catering to various applications across different sectors.

Encootech

Series A in 2019
Encootech, Co., Ltd., established in July 2017 and headquartered in Shanghai, China, specializes in the development of intelligent robotic process automation (RPA) platforms and solutions. The company, recognized as the first high-tech firm in China to focus on RPA technology, operates a research and development center in Suzhou and has expanded its presence by opening a subsidiary in Tokyo to cater to the Japanese market. Encootech is known for its flagship product, Digi4th, an intelligent RPA robot platform developed by a core team of experts previously affiliated with Microsoft's cloud computing department. The company's offerings are designed to enhance operational efficiency across various sectors, including the internet, finance, energy, telecommunications, and manufacturing, facilitating digital transformation and improving traditional industry practices.

Agile Robots

Seed Round in 2019
Agile Robots AG is a German company, founded in 2018 and headquartered in Gilching, with an additional office in Beijing, China. The company specializes in developing advanced robotic solutions that integrate artificial intelligence to enhance manufacturing, medical assistance, and service robotics. Its core offerings include a lightweight robotic arm featuring seven degrees of freedom and a general-purpose robot controller, designed for versatility in various applications. Agile Robots also provides a sophisticated robot vision system and scalable robotics optimized for seamless integration of perception, intelligence, and actuation. These systems are equipped with ultra-sensitive joint torque sensors, enabling them to detect and respond to interactions with human users and their environments, effectively bridging the gap between artificial intelligence and the physical world.

HoloMatic

Series A in 2018
HoloMatic is a startup focused on delivering autonomous driving solutions leveraging advanced artificial intelligence and automotive technologies. The company possesses a comprehensive suite of technologies essential for autonomous driving, including vehicle wire control, multi-sensor integration, and core algorithm modules. HoloMatic aims to facilitate mass production of these technologies, thereby promoting the industrialization of autonomous driving within the transportation sector. By providing innovative automated driving system technology, HoloMatic enables vehicle manufacturers to integrate sophisticated autonomous features into their products, contributing to the evolution of the automotive industry.

YITU

Series C in 2017
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.

QKM Technology

Series A in 2015
QKM Technology Co., Ltd., located in Dongguan, China, specializes in the research and development of advanced robotics solutions. Founded in 2011 by a team of Chinese graduates from overseas universities, the company aims to lead the global robotics market by providing superior products and services. QKM focuses on creating lightweight, high-performance robots, along with their accessories and system software. Its innovative offerings are positioned at the forefront of the robotics industry, reflecting the company's commitment to technological advancement and excellence in manufacturing for global enterprises.

YITU

Series A in 2015
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.
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