Damo Dazhi Control has secured a multi-hundred million yuan Series A funding round to enhance its AI product development and expand internationally, following its record-breaking achievements in drone performances.
Target Company Overview
Shenzhen Damo Dazhi Control Technology Co., Ltd. ("Damo Dazhi Control") has recently completed a series A financing round amounting to several hundred million yuan. This financing was led by Tongchuang Weiye, with followed-on investments from Zhaoshang International, China Merchants Venture Capital, Shenzhen High-tech Investment, and Caixin Group. The funds will be utilized to enhance AI product line development and expand into international markets.
Established in 2016, Damo Dazhi Control specializes in the research, production, sale, and service of automated drone cluster performance systems. It is recognized as a "little giant" enterprise designated by the national government, boasting over 100 key intellectual property rights. The company's flagship products include automated drone cluster systems that comprise drones, control systems, intelligent storage boxes, and integrated ground stations, providing a comprehensive solution for drone performances.
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Industry Overview in China
The drone performance industry in China has seen significant growth, particularly highlighted by Damo Dazhi Control's accomplishments, including setting Guinness World Records in September 2024 by launching 10,197 drones simultaneously. This innovative technology has not only captured the domestic mark
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Disclosed details
Transaction Size: $300M
Revenue: $3M