About Spatial Computing sector in Shenzhen, China
The Spatial Computing sector in Shenzhen, China comprises 91 companies, including 49 funded companies having collectively raised $829M in venture capital money and private equity. Out of these, 25 are Series A+ funded.
Spatial Computing sector in Shenzhen, China has seen 4 IPOs. This represents almost 4.4% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
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 Shenzhen, China
There are 91 Spatial Computing startups in Shenzhen, China which include KandaoVR, DexForce Technology Co, RayNeo, Raythink, Appotronics. Out of these, 49 startups are funded, with 25 having secured Series A+ funding.
Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Hong Kong University of Science and Technology (HKUST), Nanyang Technological University (NTU) and National University of Singapore (NUS).
Here is the list of top Spatial Computing startups in Shenzhen, China
1. KandaoVR
Provider of cloud-based 3D stereo cameras for virtual reality-based applications. It offers cameras for virtual reality video capturing and live streaming solutions. The product portfolio of the company includes a wide range of cameras, including stereoscopic cameras, live cameras, and small cameras that can be attached to mobile phones.
Key facts about KandaoVR
- Founded Year: 2016
- Location: Shenzhen (China)
- Stage: Series B
- Total Funding till date: $9M
- Investors: Shenzhen Chuangdong Investment, Animation Alpha and 2 Others
- Latest Funding Round: Series B, Aug 10, 2021, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 3 of 104 Competitors
Developer of embodied intelligence engine and humanoid robot platforms. The company offers a dual-PC distributed architecture and real-time joint control. It provides visual sensor technology, AI algorithms, and a simulation engine. The company's robots are designed for various applications.
Key facts about DexForce Technology Co
- Founded Year: 2021
- Location: Shenzhen (China)
- Stage: Series B
- Total Funding till date: $161M
- Investors: NewMargin Ventures, Guiyang Digital Economy Fund and 12 Others
- Latest Funding Round: Series B, Jun 30, 2026, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 44 of 1,952 Competitors
3. RayNeo
Key facts about RayNeo
- Founded Year: 2021
- Location: Shenzhen (China)
- Stage: Series C
- Total Funding till date: $143M
- Investors: China Mobile and Chinaunicom
- Latest Funding Round: Series C, Jan 05, 2026, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 13 of 434 Competitors
4. Raythink
AR display system for assisted driving. It designs and manufactures car-mounted AR HUD products and solutions, including AR HUD, LBS imaging modules, and supporting software algorithm applications.
Key facts about Raythink
- Founded Year: 2019
- Location: Shenzhen (China)
- Stage: Series A
- Total Funding till date: $30.6M
- Investors: Xiangcheng Fund, Zhonggao Wantai and 5 Others
- Latest Funding Round: Series A, Nov 27, 2023, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 88 Competitors
5. Appotronics
Provides advanced laser phosphorus display based technology solutions. Its products include Home Laser Theater, Laser Micro Projector, Laser, Engineering Projector, UST Laser Projector and others for both commercial and household applications. Its claims that its ALPD technique retains the high luminance advantage of traditional laser, meanwhile adopts the basic technology that integrates fluorescent materials into blue light like LED, and invents the remote rotating fluorescent device creatively.
Key facts about Appotronics
- Founded Year: 2004
- Location: Shenzhen (China)
- Stage: Public
- Total Funding till date: $10M
- Investors: SAIF Partners, Green Pine Capital Partners and 4 Others
- Latest Funding Round: Series A, 2011, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 16 Competitors
Companies founded year-on-year in the Spatial Computing sector in Shenzhen
15 Spatial Computing startups in Shenzhen 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 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 2 |
2020 | 1 |
2019 | 2 |
2018 | 4 |
2017 | 15 |
Stage-wise distribution of Spatial Computing sector companies in Shenzhen
Out of the total 91 Spatial Computing companies in Shenzhen, 49 have secured funding. Among them, 25 have reached Series A or higher, and 16 to Series B or beyond.
Founded - 91
Funded - 49
Series A+ - 25
Series B+ - 16
Series C+ - 9
Company Stage | No. of companies |
|---|---|
Founded | 91 |
Funded | 49 |
Series A+ | 25 |
Series B+ | 16 |
Series C+ | 9 |
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Funding Trends in the Spatial Computing sector in Shenzhen
Total funding year-on-year in the Spatial Computing sector in Shenzhen
The Spatial Computing sector in Shenzhen saw a total funding of more than $818M in the last 10 years. The most amount of funding has been in 2026 at more than $290M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $290M |
2024 | - |
2023 | $14.1M |
2022 | $164M |
2021 | $184M |
2020 | $45.2M |
2019 | $28.3M |
2018 | $68.4M |
2017 | $15.5M |
Recent Funding Rounds in Spatial Computing in Shenzhen
In the year 2026, till June 2026, Spatial Computing companies in Shenzhen have raised $290M in equity funding across 2 rounds.
Here are some recent, important funding rounds in Spatial Computing companies in Shenzhen:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 4698 | Jun 30, 2026 | ||
Series C | 4905 | Jan 05, 2026 | and 1 more | |
Seed | 1323 | May 14, 2024 | ||
Series A | 4977 | Nov 27, 2023 | ||
Seed | 1115 | May 08, 2023 |
Top Investors in Spatial Computing in Shenzhen
Plug and Play Tech Center is the top investor in Spatial Computing companies in Shenzhen based on number of companies invested.
Here are some top investors in Spatial Computing companies in Shenzhen:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Shenzhen (China) | FJ Dynamics and XVERSE | |
Beijing (China) | ||
Shenzhen (China) | ||
Hong Kong (China) | - |
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IPOs in Spatial Computing in Shenzhen
In the year 2023, till February 2023, 1 IPO happened in Spatial Computing sector in Shenzhen.
Here are some recent, important IPOs in Spatial Computing sector in Shenzhen:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 14, 2023 | Shenzhen Stock Exchange (SZSE) | |
Jul 26, 2019 | Shanghai Stock Exchange (SSE) |
Colleges which produce the most Spatial Computing companies in Shenzhen
Companies founded by alumni from top colleges in the Spatial Computing in Shenzhen
Most number of Spatial Computing startups in Shenzhen have been founded by alumni from Hong Kong University of Science and Technology (HKUST), Nanyang Technological University (NTU) and National University of Singapore (NUS).
College | No. of companies |
|---|---|
Hong Kong University of Science and Technology (HKUST) | 1 |
Nanyang Technological University (NTU) | 1 |
National University of Singapore (NUS) | 1 |
Tsinghua University | 1 |
Total funding in Spatial Computing companies founded by alumni from top colleges in Shenzhen
In the last 10 years, Tsinghua University graduates' Spatial Computing companies in Shenzhen have raised the most funding among top colleges. Hong Kong University of Science and Technology (HKUST) alumni are second.
College | Total Funding |
|---|---|
Tsinghua University | $32.2M |
Hong Kong University of Science and Technology (HKUST) | $13.9M |
Nanyang Technological University (NTU) | - |
National University of Singapore (NUS) | - |
Top News in Spatial Computing in Shenzhen
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Fjdynamics Introduces Eco-friendly Robotic Solutions For Turf Care And MaintenancePR Newswire•Mar 25, 2025•FJ Dynamics
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Fjdynamics Introduces Eco-friendly Robotic Solutions For Lawn CarePR Newswire•Mar 25, 2025•FJ Dynamics
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Kandao Technology Debuts the World's First 8K 10-bit HDR Portable 360 Camera: QooCam 3 UltraPR Newswire•Aug 29, 2024•KandaoVR
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Singapore Robotics Firm Ventures Into Indian Market with Big PlansGeospatial World•Nov 06, 2023•FJ Dynamics
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