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Boonray

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A leader in the field of domestic commercial drones and data intelligence

Huangpu, ChinaFounded 2016Robotics
Valuation $100–250M Last recorded · 2026
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Boonray and the history behind them.

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 data

At a glance

Status
Operational
Founded
2016
Headquarters
Huangpu, China
Employees
3
Open positions
None listed
Dealroom signal
58.8/100
Industry
Robotics
Sector
Robotics, Drones, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jan 2026 $14M $138M BYD ↗
LATE VCOther financing Jan 2026 $0 — GP Capital · China Securities · Yigao Capital · Jiuzhi Capital ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Boonray website traffic

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.

Latest monthly visits1.2K 3-month web change+34.8% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

12 investors on the cap table

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

Seed2 investors entered at this stage

  • Topping Capital
  • 23Seed

Series A4 investors entered at this stage

  • Jiuzhi Capital
  • Rongxi Venture Capital
  • Jinshui Lake Venture Capital
  • Daocin Capital

Series B and later6 investors entered at this stage

  • BYD
  • GP Capital
  • China Securities
  • Yigao Capital
  • BOC International
  • Tongli Heavy Industry
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
1 countries with
team presence
🇨🇳 China100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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