Suzhou is a growing center for companies focused on advanced manufacturing and robotics. The city's startups are developing products ranging from consumer electronics to specialized industrial equipment.
Leading the pack is Dreame Technology, a consumer electronics company that has secured $578.1M in funding. Other notable companies include Xingmai Innovation, which raised CN¥1.2B to build intelligent swimming pool cleaning robots.
Below is our list of 15 Suzhou startups worth keeping an eye on.
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Get the Sheet for $50Dreame Technology builds a line of high-end smart cleaning appliances, including robotic vacuums and high-speed hair dryers. They specialize in engineering powerful digital motors and intelligent systems to deliver premium performance across their product line.
| Year Founded | 2015 |
| Founders | Yu Hao |
| Funding Amount | $578.1M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | IDG Capital, Xiaomi, Shunwei Capital, Harvest Capital Management, Huaxing Growth Capital |
Xingmai Innovation develops intelligent robots designed to automate swimming pool cleaning. Their products combine robotics with smart technology to offer a hands-free maintenance solution for pool owners.
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | CN¥1.2B |
| Startup Size | — |
| Last Funding Status | Venture Round |
| Top Investors | Hillhouse Investment, Cathay Capital, Source Code Capital, Shunwei Capital, Anker Innovations |
Accro Bioscience develops novel therapeutics by targeting the molecular mechanisms of regulated cell death. This clinical-stage biotech company is focused on creating treatments for human diseases such as acute kidney injury and solid tumors.
| Year Founded | 2016 |
| Founders | — |
| Funding Amount | $63.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | Shenzhen Capital Group, Morningside, 5Y Capital, GF Xinde Investment Management, Hefei Innovation Investment |
LeXiang Intelligence develops intelligent, general-purpose robots designed for the consumer market. Their work centers on embodied AI, enabling the machines to understand and interact with complex, real-world environments.
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | CN¥300M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Angel |
| Top Investors | Sequoia Capital, Matrix Partners China, IDG Capital, Eastern Bell Capital, ZhenFund |
VIPMRO has built a comprehensive e-commerce marketplace for industrial products. Their platform serves as a one-stop shop for businesses to procure maintenance, repair, and operations (MRO) supplies.
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | $16.6M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | JD.com, Yunqi Partners, Puhua Capital, Welight Capital, SR Capital |
Audfly Technology develops directional sound systems that deliver audio to a highly specific area. Their hardware is used in commercial spaces like museums and retail stores to create private listening zones and reduce noise pollution.
| Year Founded | 2015 |
| Founders | Zhen Li, Zheng Kuang |
| Funding Amount | CN¥115.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Lenovo Capital and Incubator Group (LCIG), SND Ventures Group, Kington Capital, Bohai Securities, JiangSu QianRong Assets Management |
Lymow Technology creates robotic lawnmowers that automate yard work for homeowners. Their machines use smart navigation and connectivity to provide a fully autonomous lawn care solution.
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | $15.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Ivy Capital, UnityVC, FutureX Capital, Gobi China, Richen Capital |
Galaxea AI creates general-purpose humanoid robots integrated with embodied artificial intelligence. These intelligent robots are engineered to perceive their surroundings and perform complex tasks autonomously.
| Year Founded | 2023 |
| Founders | — |
| Funding Amount | $169.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Meituan, Cathay Capital, Ant Group, Xianghe Capital, Lenovo Capital and Incubator Group (LCIG) |
Luxin Semiconductor develops and manufactures semiconductor masks, a key component in the photolithography process for creating chips. These products enable the production of advanced integrated circuits that power everything from consumer electronics to industrial hardware.
| Year Founded | 2023 |
| Founders | — |
| Funding Amount | CN¥270M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Luxing Weiyuan |
IntoCare develops and manufactures advanced surgical products for the medical field. Their portfolio is centered on intelligent powered staplers and other instruments for minimally invasive surgery.
| Year Founded | 2015 |
| Founders | Zhang Hui |
| Funding Amount | $94.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Qiming Venture Partners, BioVenture, Oriza Fund of Funds, Oriza Holdings |
5 Additional Suzhou Startups Worth Following
Our top ten picks only scratch the surface of what's happening in the city. New companies are popping up all the time, tackling problems in all sorts of industries.
Many of the most promising new ventures are in biotech and healthcare, with several already securing major funding. Here’s a look at a few more startups shaping the local ecosystem.
