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Hangzhou Xunyi Network Technology

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The most experienced Drone Delivery company in the world

Hangzhou, ChinaFounded 2015Robotics
Valuation $250–500M Last recorded · 2025
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Hangzhou Xunyi Network Technology and the history behind them.

About Hangzhou Xunyi Network Technology

Hangzhou Xunyi Network Technology, operating as Antwork, is a drone logistics company founded in 2015 by Zhang Lei, Zhao Liang, and Heng Li. The founders, who attended Beijing University of Aeronautics and Astronautics, including CEO Zhang Lei who holds a Ph.D. in aircraft design, established the company to create a low-altitude drone delivery network in urban areas. This initiative was driven by the vision of improving the efficiency and sustainability of urban logistics.

The company provides on-demand, B2B drone delivery services for a variety of items including mail, packages, food, and medical supplies. Antwork's business model is centered on establishing a network of autonomous drone ports and uncrewed hub stations to facilitate automated cargo delivery. This infrastructure supports a highly automated process that includes package distribution, loading, takeoff, cruising, landing, and unloading. Key clients include major corporations like China Post, KFC, Starbucks, and the Red Cross China, showcasing a diverse application of their technology from food delivery to critical medical logistics.

Antwork's core offering is a comprehensive, proprietary logistics ecosystem. This includes a fleet of multirotor drones with a payload capacity of up to 5 kg and an operational range of up to 20 km, designed to operate in various weather conditions. The system is managed by a cloud-based aerial traffic management software that automates scheduling and monitoring. The company has developed various drone ports, from the static Antwork MH2 for medical centers to the portable RH1 stations, enhancing the flexibility of its network.

A significant milestone was achieved in October 2019, when Antwork received the first-ever commercial drone delivery license for urban areas from the Civil Aviation Administration of China (CAAC). This was a landmark approval, based on the Specific Operations Risk Assessment (SORA), which enabled the company to conduct extensive delivery trials and commercial operations in densely populated urban environments. The company's role became particularly crucial during the COVID-19 pandemic, where it provided emergency deliveries of medical supplies and test samples, demonstrating a more than 50% improvement in efficiency over road transport. Following the pandemic, the firm has continued to expand its medical delivery services and was contracted to provide an emergency drone network for the 2023 Asian Games.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Hangzhou, China
Employees
13
Open positions
None listed
Dealroom signal
43.6/100
Industry
Robotics
Sector
Robotics, Core AI, Hard Tech, AI Applications, DT and LS, science-based
Technology
Artificial Intelligence, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Nov 2025 $2.8M $275M Sichuan Innovation Development Investment Management · Hangzhoushi Shiye Touzi Jituan Youxian Gongsi ↗
SERIES COther financing Dec 2024 $28M $110M China Mobile SDIC Innovation ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Hangzhou Xunyi Network Technology website traffic

Latest recorded traffic for Hangzhou Xunyi Network Technology is 330 monthly website visits, down 85.7% over the last three months. Hangzhou Xunyi Network Technology's team grew 0% over the past year.

Latest monthly visits330 3-month web change-85.7% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • UnityVC
  • Huakong Fund

Series B and later3 investors entered at this stage

  • China Mobile SDIC Innovation
  • Sichuan Innovation Development Investment Management
  • Hangzhoushi Shiye Touzi Jituan Youxian Gongsi
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇳 China80%
🇸🇬 Singapore10%
🇦🇪 United Arab Emirates10%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hangzhou Xunyi Network Technology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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