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Boonray
A leader in the field of domestic commercial drones and data intelligence
About Boonray
Founded in 2015, Shanghai Boonray Intelligent Technology operates at the intersection of autonomous driving and the Internet of Things, providing specialized robotics solutions primarily for the mining industry. The company was established by Founder and CEO Jacky Hu and Co-Founder and CTO Yang Yang. Boonray develops and implements full-stack intelligent solutions designed to enhance operational efficiency and safety in harsh industrial environments, with a significant focus on open-pit mines.
The core of Boonray's offering is its proprietary unmanned operation platform, which integrates an automated driving algorithm, an intelligent driving controller, and a cloud-based monitoring and dispatch system. This system, marketed as "Boonray iDrive", is engineered to manage fleets of vehicles, supporting both fully autonomous and manned equipment, including mining trucks and excavators. A key feature is the platform's flexibility to manage mixed fleets, addressing the dynamic nature of mining operations where work locations and equipment statuses frequently change. As of early 2022, the company's technology had facilitated over 958,000 kilometers of safe autonomous operation and it holds nearly 100 patents.
The business model centers on providing enterprise-level intelligent operational solutions, effectively freeing up human resources and aiming to improve management efficiency for its clients. Its primary market consists of mining operations for materials like coal, various metals, and limestone across several provinces in China. Boonray has successfully deployed its technology at numerous sites, including a significant project in Luoyang that became China's largest single-mine autonomous mining operation. The company has also expanded its product suite to include "Boonray Flight" for drone-based data collection and analysis, serving sectors such as photovoltaic inspection and smart city applications. Strategic partnerships, notably with the State Power Investment Corporation (SPIC), have been crucial, integrating Boonray into the green electricity transportation ecosystem and co-developing unmanned electric mining trucks.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Jan 2026 | $14M | $138M | BYD | ↗ |
| LATE VCOther financing | Jan 2026 | $0 | — | GP Capital · China Securities · Yigao Capital · Jiuzhi Capital | ↗ |
Growth signals
Latest recorded traffic for Boonray is 1.2K monthly website visits, up 34.8% over the last three months. Boonray's team grew 0% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
XerallIs the relatively young company specializing in innovative all-terrain drones |
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NatilusDesigns and operates large scale drones |
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FairFleetFull-service partner for drone services |
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ADPMDesign and building autonomous drones to enable professionals and enterprises |
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EdgybeesBrings full visibility and understanding to any dynamic scenes by creating collaborative virtual worlds of any complex environment with Augmented Real-time Intelligence |
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UAV NavigationFlight control systems, motion processing modules and GCS software |
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Topping Capital- 2323Seed
Series A4 investors entered at this stage
Jiuzhi Capital- RCRongxi Venture Capital
- JCJinshui Lake Venture Capital
- DCDaocin Capital
Series B and later6 investors entered at this stage
BYD- GCGP Capital
- CSChina Securities
- YCYigao Capital
BOC International- TITongli Heavy Industry
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Boonray 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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