When was Canaan founded?

Canaan was founded in 2013 and raised its 1st funding round 4 years after it was founded.

Where is Canaan located?

Canaan is headquartered in Hangzhou, China.

Who is the current CEO of Canaan?

NG Zhang of Canaan. They have also founded 1 company.

How many employees does Canaan have?

As of May 31, 2026, the latest employee count at Canaan is 188.

Is Canaan a funded company?

Canaan is a funded company, having raised a total of $43.7M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 08, 2017.

When was the latest funding round of Canaan?

Canaan's latest funding was a $***** Post IPO round on Mar 10, 2025, with participation from 0 investor.

Where does Canaan rank among its competitors?

Canaan ranks 9th amongst 403 active competitors, of which 77 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Mindgrove, which secured $228K in Feb, 2026.

Who are the top competitors of Canaan?

Canaan's top competitors include BITMAIN, Espressif and Bitdeer. Among them, Mindgrove secured the most recent funding round in February, 2026.

Canaan - 2026 Company Profile, Team, Funding & Competitors

Canaan is a public company based in Hangzhou (China), founded in 2013 by Fertil Dieujuste and NG Zhang. It operates as a Developer of ASICs for block-chain computing. Canaan has raised $43.7M in funding from investors like Jin Jiang International, Tunlan Captial and Fundamental Labs. The company has 403 active competitors, including 77 funded and 57 that have exited. Its top competitors include companies like BITMAIN, Espressif and Bitdeer.

Company Details

Developer of ASICs for block-chain computing. Its chief offering is a mining chip. It also offers semiconductor chips for repetitive computing. It has use cases in multiple industries including smart homes, healthcare, education, and the agriculture industry.

Website: canaan-creative.com
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Email ID: *****@canaan-creative.com
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Key Metrics

Founded Year

2013

Location

Hangzhou, China

Stage

Public

Total Funding

$43.7M in 6 rounds

Latest Funding Round

Post IPO, Mar 10, 2025, $*****

Investors

Jin Jiang International & 3 more

Ranked

9^th among 403 active competitors

Employee Count

188 as on May 31, 2026

Investment & Acquisitions

Players Lounge

Similar Companies

BITMAIN & 498 more

Exit Details

Public

View Canaan's full profile

Canaan got listed on Nov 21, 2019.

Click here to take a look at Canaan's IPO in detail

Canaan has raised a total funding of $43.7M over 6 rounds. Its first funding round was on May 08, 2017. Canaan has 4 institutional investors.

Here is the list of recent funding rounds of Canaan:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 10, 2025	5151624	Post IPO	5296073	7042597	5583737	1301839
Nov 26, 2024	4866114	Post IPO	7302046	9639434	9739577	2982655
Sep 30, 2024	4483011	Post IPO	4481674	2160972	7421881	2720853

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View details of Canaan's funding rounds and investors

The founders of Canaan are Fertil Dieujuste and NG Zhang. NG Zhang is the CEO of Canaan.

Here are the details of Canaan's key team members:

Fertil Dieujuste: Founder & Director of Canaan.
Contact Info: 1 email address
NG Zhang: Founder & CEO of Canaan.
Contact Info: 1 email address

View details of Canaan's Founder profiles and Board Members

Canaan's employee count trend

Canaan has 188 employees as of May 26. Here is Canaan's employee count trend over the years:

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Top competitors of Canaan include BITMAIN, Espressif and Bitdeer. Here is the list of Top 10 competitors of Canaan, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BITMAIN 2013, Beijing (China), Series C	Developer of hardware solutions for crypto mining	$950M	Sequoia Capital, EDBI & 27 others	77/100
2nd	Espressif 2007, Shanghai (China), Public	Provider of wireless communication chips, software, cloud, and AIoT solutions	$3.3M	Intel Education Accelerator, BOE Technology Group ... & 7 others	75/100
3rd	Bitdeer 2013, Singapore (Singapore), Public	Developer of pool mining solutions for cryptocurrency	$12M	Genimous Technology, Tether & 1 others	70/100
4th	Mindgrove 2021, Chennai (India), Series A	Developer of system on chips for IoT, vision, and edge applications	$10.6M	Peak XV Partners, Speciale Invest & 13 others	66/100
5th	Helium 2006, San Francisco (United States), Series D	Hardware mining solutions for cryptocurrency	$370M	Andreessen Horowitz, Union Square Ventures ... & 52 others	66/100
6th	Bitfury 2011, Amsterdam (Netherlands), Series D	AI and blockchain-based platform offering cryptocurrency mining solutions	$181M	Georgian Co-Investment Fund, QueensBridge Venture Partners ... & 38 others	65/100
7th	Rambus 1990, Sunnyvale (United States), Public	Provider of AI-based silicon IP and chip solutions	-	Kleiner Perkins, Mohr Davidow Ventures	64/100
8th	Marathon Digital Holdings 1997, Fort Lauderdale (United States), Public	Operator of data centers focused on energy transformation and digital assets	-	SIG, BlackRock & 1 others	64/100
9th	Canaan 2013, Hangzhou (China), Public	Developer of ASICs for block-chain computing	$43.7M	Fundamental Labs, Jin Jiang International ... & 2 others	63/100
10th	Unisoc 2001, Shanghai (China), Acquired	Provider of SoCs for mobile communication, IoT connectivity and other applications	$1.45B	Silver Lake, CDBC & 16 others	63/100