Zhongke Huiyuan Vision Technology (Luoyang) Co

About Zhongke Huiyuan Vision Technology (Luoyang) Co

Zhongke Huiyuan Vision Technology (Luoyang) Co., also known as Casivision, is a provider of integrated machine vision technology solutions, established in November 2016. The company was incubated by the Institute of Automation of the Chinese Academy of Sciences. The founder and chairman, Dr. Zhang Zhengtao, is the deputy director of the Precision Perception and Control Research Center of the Institute of Automation, Chinese Academy of Sciences.

Casivision specializes in developing and manufacturing automated optical inspection (AOI) equipment for industrial applications. The company's business model is centered on providing high-end intelligent inspection equipment and digital quality solutions to manufacturing enterprises. It serves a range of industries including 3C electronics (computers, communication, and consumer electronics), wearable devices, semiconductors, new energy, and textiles. Revenue is generated through the sale of its inspection equipment and customized solutions.

The company's core product offerings include AOI equipment for cover glass, display panels, metal materials, custom furniture, and semiconductors. One of its key products is the inspection equipment for glass cover plate appearance defects, which broke the international monopoly held by German companies. This equipment can achieve an inspection efficiency of 1.6 seconds per piece for mobile phone cover glass. Casivision's technology portfolio includes the "Smart Eye" platform, which integrates multiple imaging technologies like reflection, interference, and polarization to detect defects on reflective surfaces. The "Smart Brain" platform provides a complete workflow for industrial visual inspection using deep learning and machine learning algorithms. Additionally, the "Smart Hand" platform utilizes industrial robots to simulate human inspection for complex surface defect detection.

Since its inception, Casivision has secured significant funding across multiple rounds. A seed round in November 2016 was followed by an angel round in April 2018 with investors like Legend Capital and Lenovo Capital. The company completed its Series A+ round in July 2020, raising 90 million RMB, and a Series B round in January 2021 for 50 million RMB. In December 2021, it closed its Series C funding, raising several hundred million RMB. Most recently, a Series C+ round in November 2023 brought in hundreds of millions of RMB from investors including China Mobile and CAS Capital.