Top 70 Hangzhou Startups to Watch in 2026
Hangzhou is a center for technology and business in China, with a strong focus on robotics and artificial intelligence. The city's startup scene also includes major players in financial technology and manufacturing.
The area is home to financial giant Ant Group, which has raised $28.5 billion in funding. Other notable companies include Unitree Robotics, a developer of advanced robots with over $263 million in backing.
Below is our list of 70 Hangzhou startups worth keeping an eye on.
Failory's Top 10 Picks
Unitree Robotics builds advanced quadruped and humanoid robots for various industrial and consumer applications. Their lineup of AI-powered "robot dogs" has brought sophisticated robotics into research, security, and personal use cases.
| Year Founded | 2016 |
| Founders | XingXing Wang |
| Funding Amount | $263.6M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | HSG, Shenzhen Capital Group, Matrix Partners China, Tencent, Alibaba Group |
DeepSeek creates open-source large language models (LLMs) aimed at advancing artificial intelligence research. Their team offers powerful generative AI tools and developer APIs, making advanced model capabilities accessible to a global community.
| Year Founded | 2023 |
| Founders | Liang Wenfeng |
| Funding Amount | — |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | — |
| Top Investors | — |
Deep Robotics develops and manufactures embodied-AI robots, specializing in quadrupedal, wheeled-legged, and humanoid platforms. Their robotic systems are engineered to navigate and operate within complex, real-world environments.
| Year Founded | 2017 |
| Founders | Chao Li, Zhu Qiuguo |
| Funding Amount | CN¥500M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Fortune Venture Capital, Peakvest, Huaying Capital, F&G Venture, Beijing Robot Industry Fund |
Ant Group creates the technology infrastructure to provide consumers and small businesses with equal access to financial services. They are the creators of Alipay, one of the world's leading digital payment and open life services platforms.
| Year Founded | 2014 |
| Founders | Jack Ma |
| Funding Amount | $28.5B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Debt Financing |
| Top Investors | Temasek Holdings, General Atlantic, Sequoia Capital, Warburg Pincus, BNP Paribas |
Second Life develops 3D printing solutions designed specifically for the toy manufacturing industry. Their offerings help toy companies create and produce new products with greater speed and detail.
| Year Founded | 2018 |
| Founders | Philip Rosedale |
| Funding Amount | $10M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Undisclosed |
| Top Investors | Zhang Jingping, Nano Labs, Daocin Capital |
Astronergy develops and produces high-efficiency solar modules for the global energy market. They manage the entire product lifecycle, from initial research and development to the large-scale manufacturing of their photovoltaic cells.
| Year Founded | 2006 |
| Founders | — |
| Funding Amount | CN¥3.9B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Hillhouse Investment, Walden International, China Capital Management, CICC, BOCOM International |
Blue Wave develops high-performance chips that power the Industrial IoT and Internet of Vehicles sectors. These components are essential for enabling smart connectivity in everything from factory machinery to connected cars.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | CN¥300M |
| Startup Size | — |
| Last Funding Status | Series A |
| Top Investors | Zhang Jiahao, Tuya, SAIF Partners, Oceanpine Capital, Oriental Fortune Capital |
Qianxun Intelligence develops an application platform for building on top of general large models. Their Lingxi platform provides the tools for developers to create custom AI agents and copilots.
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | CN¥1.3B |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Highlight Capital, Fortune Venture Capital, Shunwei Capital, China Internet Investment Fund, JD.com |
Flower Knows creates cosmetics with elaborate, fantasy-inspired packaging that has gained a significant online following. Their product lines often draw from rococo and fairy-tale aesthetics, offering a unique and artistic alternative in the beauty market.
| Year Founded | 2016 |
| Founders | — |
| Funding Amount | CN¥100M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Tiantu Capital, Kunyan Capital, Proya |
Yuannang Bio develops therapeutic technologies built upon nanovesicles. Their work focuses on creating new platforms for targeted drug delivery and advanced therapies.
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | CN¥100M |
| Startup Size | — |
| Last Funding Status | Series A |
| Top Investors | Lotus Lake Ventures, ZSVC |
60 Additional Hangzhou Startups Worth Following
Our top ten picks are just a small slice of the city's growing startup scene. Companies in fields like biotech and AI are attracting billions in funding, while others are building the future of retail and mobility.
Many of these companies are already big names, while some are just getting off the ground. Here are the other startups that make Hangzhou's tech scene so vibrant.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Taobao | Retail | 2003 | CN¥170M | Series B |
 Surron | Mobility | 2014 | CN¥110M | Series B |
 AliExpress | Retail | 2023 | — | — |
 Zhiyan Technology | Analytics | 2016 | CN¥100M | Series B |
 METiS Pharmaceuticals | AI | 2020 | $391.7M | Series D |
 LianLian Pay | Fintech | 2003 | $282.5M | Venture Round |
 Alibaba Cloud | Cloud | 2009 | $1.2B | Series B |
 E-nitiate Biopharmaceuticals | Biotech | 2020 | $45.6M | Series B |
 Chint New Energy | Manufacturing | 2009 | CN¥1.5B | Series B |
 Alipay | Retail | 2004 | — | — |
 Bota Biosciences | Biotech | 2019 | $137M | Series B |
 Zhonghao Xinying | Manufacturing | 2020 | CN¥100M | Series B |
 Shengshi Technology | Design | 2017 | CN¥100M | Seed |
 Geely | Mobility | 1986 | DKK18B | Debt Financing |
 Yinuo Pharmaceutical | Biotech | 2019 | $125.9M | Seed |
 DXY | Media | 2000 | $682M | Series E |
 Dt Dream | Data | 2015 | $266.6M | Series B |
 DTStack | AI | 2015 | $64.1M | Series C |
 ShadowBot | Robotics | 2019 | $158.7M | Series C |
 Kujiale | Retail | 2011 | $234.8M | Series D |
 Kanglin Biotech | Biotech | 2015 | CN¥150M | Series A |
 Canhelp Genomics | Healthcare | 2014 | CN¥13M | Series C |
 Differential Robotics | Robotics | 2024 | CN¥200M | Seed |
 Yige Cloud Technology | Cloud | 2021 | CN¥290M | Series B |
 Jollychic | Retail | 2012 | $95.8M | Series C |
 LYNK Pharmaceuticals | Biotech | 2018 | $124.8M | Series C |
 Hangzhou DAC Biotech Co., Ltd | Biotech | 2012 | CN¥1.1B | Series C |
 FreeTech | Mobility | 2016 | $204.4M | Series B |
 Hong Jing Drive | AI | 2018 | $50.1M | Series C |
 Qihan Biotech | Biotech | 2017 | $116.3M | Series B |
 Zhongke Guosheng | Manufacturing | 2021 | CN¥460M | Series A |
 Jing'an Technology | Retail | 2001 | CN¥100M | Seed |
 Sciwind Biosciences | Biotech | 2017 | $136.3M | Series C |
 Yunxi Technology | Cloud | 2016 | $194.1M | Series D |
 Wacai.com | Fintech | 2009 | $341.5M | Series D |
 AnHeart Therapeutics | Biotech | 2018 | $75.6M | Series B |
 eSign | SaaS | 2002 | CN¥1.2B | Series E |
 Worg Pharmaceuticals | Biotech | 2018 | CN¥1.7B | Venture Round |
 MAYCUR.COM | Cloud | 2015 | CN¥740M | Series C |
 GluBio Therapeutics | Biotech | 2021 | $72M | Series A |
 Zylox | Biotech | 2012 | $66.8M | Series C |
 Huaboron Neutron | Biotech | 2023 | CN¥100M | Seed |
 Sunrise | Other | 2001 | CN¥1B | Venture Round |
 Haichang Biotech | Biotech | 2013 | CN¥500M | Series C |
 CoJourney | Biotech | 2022 | $30M | Series A |
 terminus | Data | 2012 | CN¥1B | Series B |
 DIAGENS | Biotech | 2014 | CN¥300M | Series C |
 Meichuang Technology | Enterprise | 2005 | $1B | Venture Round |
 Ustar | Biotech | 2005 | CN¥300M | Series E |
 Healsun Biopharm | Biotech | 2015 | CN¥705M | Series B |
 Junhemeng Biopharmaceutical | Biotech | 2020 | CN¥390M | Venture Round |
 Guandata | Analytics | 2016 | CN¥515M | Series C |
 Hunliji | Media | 2013 | $137M | Series D |
 Baiying Technology | AI | 2016 | CN¥580M | Series C |
 Mogic AI | Marketing | 2021 | $15M | Series A |
 Chance Pharmaceuticals | Biotech | 2015 | $51.3M | Venture Round |
 Imbioray | Biotech | 2014 | $45.3M | Series A |
 Joyowo.com | Enterprise | 2014 | CN¥340M | Series C |
 Manmanda | Media | 2014 | $100M | Series A |
 Yoolook | Media | 2016 | CN¥13M | Series A |
