In the world of technology and innovation, Aisa has emerged as a powerhouse, especially in the field of Artificial Intelligence (AI). With the rapid advancement of machine learning., robotics, computers and natural language processing, several startups have turned into unicorns and achieved a value of over $1 billion. These companies have not only gained a position among the top AI unicorns in Asia but have also gained global recognition on a global scale. Today, AI has stepped into extensive industries and is shaping the world with innovation. As technology continuously grows, let’s discuss the top AI unicorns in Asia to influence and encourage the new generation to produce future-driven startups that transform into Unicorns.
1. ByteDance, China
ByteDance is an Internet technology company founded by Zhang Yiming and other team members in 2012. It developed software and video-sharing apps like TikTok, Douyin, Capcut, and Lark. Most investors are from outside China, which has garnered almost 60%. The significant funding made ByteDance one of the top AI unicorns in Asia.
Total Funding – $4,440 M
Latest Valuation- $75,000 M
2. Sense Time, China
Founded in 2014, Sense Time has become a leader in AI and deep learning technologies. The company specialises in face recognition, autonomous driving and healthcare AI solutions. Sense Time has received significant investment, which made it one of the top AI unicorns in Asia.
Total Funding – $2,630 M
Latest Valuation- $6,000.00 M
3. Face++, China
Founded in 2011, Face ++ is the product of Megvii, a technology company that designs image recognition and deep-learning software. It was the first facial recognition platform in China when launched. Now, Face++ is counted among the top AI unicorns in Asia.
Total Funding – $1,358 M
Latest Valuation- $4,000.00 M
4. Cloudwalk, China
Founded by Zhou Xi in 2015, Cloudwalk is a facial recognition software. The company obtained its initial funding from the Guangzhou municipal government, and in the same year, Cloudwalk raised $379 million in Series B funding from investors.
Total Funding – $770.75 M
Latest Valuation- $3,318.00 M
5. Horizon Robotics, China
Founded in 2015 by several Baidu employees, Horizon Robotics is considered one of the top AI unicorns in Asia. The company specialises in AI chips and autonomous driving solutions. Its cutting-edge processors and algorithms power various applications, such as smart cameras and robotics.
Total Funding – $700.00 M
Latest Valuation- $3000.00 M
6. TERMINUS Technology, China
Founded in 2015 by Victor AI, TERMINUS Technology is a digital transformation company that develops smart buildings, smart communities, and smart retail. The company’s initial Series A round funding was undisclosed, but it raised CN¥500,000,000 or $6.8 million. With year on year funding, the company has become one of the top AI unicorns in Asia.
Total Funding – $629.58 M
Latest Valuation- $1,000.00 M
7. YITU Technology, China
Founded in 2012 by Lee Zhu and Lin Chenxi, YITU technology excels in healthcare and security. With applications in medical imaging diagnostics and public safety systems, YITU has established itself as a key player in AI innovation and has become one of the top AI unicorns in Asia.
Total Funding – $385.12 M
Latest Valuation- $2,365.41 M
8. Trax, Singapore
Founded in 2010 by Joel Bar-EL and Dror Feldheim, Trax is a technology company with headquarters in Singapore and offices throughout Asia-Pacific. The company has more than 150 customers in retail and FMCG industries. Talking about the funding, Trax closed its first funding round for US$1.1 million. In the latest Funding led by SoftBank Vision Fund and BlackRock, the company raised $650 million in Series E round.
Total Funding – $372.65 M
Latest Valuation- $1,300.00 M
9. Moviebook
Founded in 2009 by Ji Xiaochen, Moviebook is an interactive video technology service provider. The company has received initial financing from Yuexiu Industrial Fund, TR Capital and CICC. With continuous Funding, the company has become one of the top AI unicorns in Asia.
Total Funding – $357.33 M
Latest Valuation- $1,463. 99 M
10. Momenta
Founded in 2016 by Cao Xudong, Momenta is an autonomous driving company. The major Funding was led by key investors, including Shanghai Automotive Industry Corp (SAIC), General Motors (GM), Toyota Motor Company and Bosch. Today, the company is one of the top AI unicorns in Asia, and it is recognised worldwide.
Total Funding – $283.00 M
Latest Valuation- $1,000.00 M
Asia’s unicorns are not only reshaping particular industries or their countries but contributing to global innovation somewhere. Be it a healthcare or robotic company, the top AI unicorns in Asia have transformational potential. These companies are pushing the boundaries of technology and continuously growing. Let’s support the power of technology and grow our world together.
Note- The list mainly includes Chinese unicorns and is created from data collected in recent years. We will update the list with the latest status as soon as it is available.
