CAYE Technology

About CAYE Technology

CAYE Technology, founded in December 2022 by Wu Peng, former co-founder of Dreame, is a Suzhou-based company specializing in the development, production, and sale of professional fully automatic coffee machines. Peng, who previously led market and sales operations at Dreame, identified a market opportunity for high-efficiency coffee automation after a stint as an investor where he extensively analyzed the coffee machine industry. The company's core R&D team comprises individuals with over a decade of experience from renowned companies in the coffee sector, while its product and marketing teams bring expertise from billion-dollar technology firms.

The company's business model centers on providing automation equipment to coffee shops and milk tea shops, aiming to reduce labor costs and ensure production consistency. CAYE Technology targets both boutique and commercial coffee chains, positioning itself as a key supplier in the upstream coffee industry. Revenue is generated through the sale of its machines. The company has successfully secured significant funding, including a Seed round in March 2023, a Pre-A round in December 2023, a Series A in April 2024, and another round of nearly 100 million yuan in November 2024, led by Meituan Longzhu with participation from Hillhouse Ventures. These funds are earmarked for global market expansion and new product development.

CAYE's flagship product is the Smart X series of super-automatic coffee machines, which feature the proprietary Bionic Barista system designed to emulate the meticulous process of a human barista. Key technologies include the AccuPowderWeigh system for precise coffee ground measurement (within ±0.2g), a Vertical Vibrating Distribution (VVD) system to ensure an even coffee bed, and a Reverse Gravity Extraction system for optimal infusion. The machines also boast SuperMix frothing technology for creating dense milk foam and a Closed-Loop System (CLS) that automatically monitors and adjusts brewing parameters in real-time to maintain consistent quality. Managed through a 10.1-inch touchscreen, the machines are IoT-enabled, allowing for remote monitoring, recipe updates, and predictive maintenance. CAYE began mass production in the first half of 2024 and operates its own factory in Suzhou Industrial Park with an annual capacity of over 10,000 units, supplemented by a partner factory with a capacity of up to 100,000 units.