About Spatial Computing sector in China
The Spatial Computing sector in China comprises 860 companies, including 395 funded companies having collectively raised $6.71B in venture capital money and private equity. Out of these, 163 are Series A+ funded, and 4 have achieved unicorn status.
Spatial Computing sector in China has seen 3 acquisitions and 13 IPOs.
This sector includes companies that develop various human computer interaction techniques that are perceived by users as taking place in the real world.
Spatial Computing sector is also known as Spatial Computing Solutions, Advanced Spatial Computing or Digital Spatial Computing.
Includes companies that manufacture AR/VR/XR display devices (head-mounted devices, smartphone-based headsets), gesture recognition hardware and applications, AR/VR applications, and metaverse platforms. Companies providing digital twin platforms are also covered here. Excludes service-based companies developing custom VR applications or digital twins. Companies developing applications and use cases that do not use spatial awareness are not included here.
Top Spatial Computing Companies in China
There are 860 Spatial Computing startups in China which include Animoca Brands, Hesai Technology, ZWSOFT, XREAL, Mech-Mind. Out of these, 395 startups are funded, with 163 having secured Series A+ funding, and 4 achieving unicorn status.
2026 has seen the creation of 3 Spatial Computing startups in China. Over the past 10 years, an average of 30 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Tsinghua University, Hong Kong University of Science and Technology (HKUST) and Stanford University.
Here is the list of top Spatial Computing startups in China
Web3 technology investment and venture-building company. It builds, invests in, and accelerates businesses and ecosystems focused on digital ownership. Its activities span blockchain, digital assets, gaming, identity, education, stablecoins, real-world assets, and related Web3 infrastructure, with investments and portfolio companies across the global digital economy.
Key facts about Animoca Brands
- Founded Year: 2006
- Location: Hong Kong (China)
- Stage: Series C
- Total Funding till date: $998M
- Investors: Liberty City Ventures, Octava and 126 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 1,169 Competitors
Developer of LiDAR-based sensors for autonomous vehicles. It offers products like mechanical lidars, solid-state lidars, a sensing kit that integrates cameras, LiDAR, and data processing for synchronization and calibration. It has also developed a laser-based methane leak detector and a drone-mounted natural gas surveillance system for the energy sector. It has applications in logistics, robotics, automotive, and industrial sectors.
Key facts about Hesai Technology
- Founded Year: 2014
- Location: Shanghai (China)
- Stage: Public
- Total Funding till date: $599M
- Investors: Xiaomi, Baidu Ventures and 21 Others
- Latest Funding Round: Series D, Nov 16, 2021, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 4 of 143 Competitors
3. ZWSOFT
ZWSoft is a provider of CAD/CAM software solutions. The product offerings include ZW3D is a CAD/CAM solution for the process of product development, ZWCAD is a designing software and the modules include architecture, mechanical, CAD pockets, etc., and ZWSim is an electromagnetic simulator.
Key facts about ZWSOFT
- Founded Year: 1998
- Location: Tianhe (China)
- Stage: Series B
- Total Funding till date: $31.4M
- Investors: China Internet Investment Fund, Fortune Capital and 5 Others
- Latest Funding Round: Series B, Oct 16, 2019, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 1 of 65 Competitors
4. XREAL
Provider of augmented reality smart glasses and immersive display technology. It develops AR glasses and companion systems that enable users to view, interact with, and transform 2D digital content into 3D and spatial environments. It includes AR eyewear, connectivity hubs, and supporting software that allow seamless integration with apps, media, and gaming platforms. These solutions are designed for entertainment, productivity, and extended reality use cases, enabling portable, high-quality immersive viewing experiences across multiple devices and environments.
Key facts about XREAL
- Founded Year: 2017
- Location: Haidian (China)
- Stage: Series D
- Total Funding till date: $433M
- Investors: Kuaishou Technology, Sequoia Capital and 17 Others
- Latest Funding Round: Series D, Jan 08, 2026, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 2 of 211 Competitors
5. Mech-Mind
Developer of 3D vision technology and AI software for industrial robots. The company's solutions enable tasks like bin picking, depalletizing, and assembly in manufacturing and logistics. The software is designed for use in industries including automotive, logistics, and electronics.
Key facts about Mech-Mind
- Founded Year: 2016
- Location: Haidian (China)
- Stage: Public
- Total Funding till date: $200M
- Investors: Meituan, Sequoia Capital and 5 Others
- Latest Funding Round: Series C, Jun 20, 2022, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 4 of 292 Competitors
Companies founded year-on-year in the Spatial Computing sector in China
3 new startups have been founded so far in 2026 in the Spatial Computing sector in China. 76 Spatial Computing startups in China were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 11 |
2024 | 10 |
2023 | 5 |
2022 | 21 |
2021 | 57 |
2020 | 32 |
2019 | 40 |
2018 | 47 |
2017 | 76 |
Stage-wise distribution of Spatial Computing sector companies in China
Out of the total 860 Spatial Computing companies in China, 395 have secured funding. Among them, 163 have reached Series A or higher, and 84 to Series B or beyond.
Founded - 860
Funded - 395
Series A+ - 163
Series B+ - 84
Series C+ - 49
Company Stage | No. of companies |
|---|---|
Founded | 860 |
Funded | 395 |
Series A+ | 163 |
Series B+ | 84 |
Series C+ | 49 |
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Funding Trends in the Spatial Computing sector in China
Total funding year-on-year in the Spatial Computing sector in China
The Spatial Computing sector in China saw a total funding of more than $6.3B in the last 10 years. The most amount of funding has been in 2026 at more than $1.58B till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.58B |
2025 | $158M |
2024 | $166M |
2023 | $262M |
2022 | $1.31B |
2021 | $1.34B |
2020 | $440M |
2019 | $280M |
2018 | $430M |
2017 | $334M |
Recent Funding Rounds in Spatial Computing in China
In the year 2026, till October 2026, Spatial Computing companies in China have raised $1.58B in equity funding across 28 rounds.
In the same period last year (i.e. till October 2025), Spatial Computing companies in China had raised $154M across 18 rounds.
So, 2026 has seen a 925.71% rise in funding in Spatial Computing companies in China as compared to 2025.
Here are some recent, important funding rounds in Spatial Computing companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 2081 | Oct 21, 2026 | - | |
Series A | 2890 | Oct 16, 2026 | ||
Series A | 1656 | Sep 15, 2026 | ||
Series C | 6950 | Sep 09, 2026 | and 3 more | |
Series B | 8137 | Sep 08, 2026 | and 2 more |
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Top Investors in Spatial Computing in China
Plug and Play Tech Center is the top investor in Spatial Computing companies in China based on number of companies invested.
Here are some top investors in Spatial Computing companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Hong Kong (China) | ||
San Diego (United States) | ||
Shenzhen (China) | ||
Beijing (China) |
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M&A activity in Spatial Computing sector in China
In the year 2025, till November 2025, 1 acquisition happened in Spatial Computing sector in China.
Here are some recent, important acquisitions in Spatial Computing sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 12, 2025 | - | |
Acqui-Hired | Jun 27, 2022 | ||
Business Acquisition | Aug 26, 2021 |
Acquisition trends in Spatial Computing sector in China
Here are the acquisition trends in Spatial Computing sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Spatial Computing in China
In the year 2026, till September 2026, 1 IPO happened in Spatial Computing sector in China.
Here are some recent, important IPOs in Spatial Computing sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 01, 2026 | Hong Kong Exchanges (HKG) | |
Dec 30, 2025 | Hong Kong Exchanges (HKG) | |
Sep 16, 2025 | Hong Kong Exchanges (HKG) | |
Feb 14, 2023 | Shenzhen Stock Exchange (SZSE) | |
Feb 09, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Spatial Computing companies in China
Companies founded by alumni from top colleges in the Spatial Computing in China
Most number of Spatial Computing startups in China have been founded by alumni from Tsinghua University, Hong Kong University of Science and Technology (HKUST) and Stanford University.
College | No. of companies |
|---|---|
Tsinghua University | 9 |
Hong Kong University of Science and Technology (HKUST) | 4 |
Stanford University | 4 |
Harvard University | 2 |
University of California (Berkeley) | 2 |
Cambridge Judge Business School | 1 |
Duke University | 1 |
HEC Paris | 1 |
Johns Hopkins University | 1 |
London School of Economics and Political Science | 1 |
Total funding in Spatial Computing companies founded by alumni from top colleges in China
In the last 10 years, Tsinghua University graduates' Spatial Computing companies in China have raised the most funding among top colleges. Johns Hopkins University alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
Tsinghua University | $1.13B |
Johns Hopkins University | $846M |
Stanford University | $662M |
University of California (Berkeley) | $63.1M |
Hong Kong University of Science and Technology (HKUST) | $13.9M |
The Chinese University of Hong Kong (CUHK) | $117K |
Cambridge Judge Business School | - |
Duke University | - |
HEC Paris | - |
Harvard University | - |
Top News in Spatial Computing in China
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Pico Introduces Next-Gen VR OS 6 and Teases 2026 Flagship Headset ‘Project Swan’SiliconAngle•Mar 02, 2026•Pico
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Standard Chartered forms joint venture to issue stablecoins in Hong KongThe Business Times•Aug 08, 2025•Standard Chartered, Animoca Brands, Anchor Point Financial, HKT
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DigitalX Secures $13M+ From Animoca, UTXO to Expand BTC HoldingsBitcoin Ethereum News•Jul 08, 2025•DigitalX, Animoca Brands, Utxo Management, ParaFi and 1 other
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Pimax & Motorsport Games Partner After $2.5M Investment, Boosting VR Sims PositionRoad to VR•Jun 06, 2025•Pimax, Motorsport Games
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