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Fit (Tianjin) Testing Technology

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promoting the intelligent application of artificial intelligence in the industrial field

ChinaFounded 2013AI
Valuation $100–500M Latest valuation · 2023
Total funding $10–50M Disclosed equity funding
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About Fit (Tianjin) Testing Technology

Fit (Tianjin) Testing Technology Co., Ltd., operating as Fitow, is a high-tech enterprise established in 2013 by founder and CEO Cao Bin, an engineer with over two decades of experience in the industrial sector. The company leverages artificial intelligence to provide intelligent manufacturing solutions, focusing on enhancing quality control and production efficiency for its clients. Fitow's core business revolves around developing and integrating AI-based industrial inspection solutions and systems.

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The company's service portfolio addresses key industrial scenarios, including quality intelligence, production intelligence, safety intelligence, and logistics intelligence. It has developed a suite of products centered around AI-powered machine vision and data analytics. One of its key offerings is the "Fitow alpha" industrial big data ecosystem, which collects and analyzes real-time production data, equipment parameters, and quality metrics. This system provides predictive analytics, quality warnings, and process optimization reports to facilitate intelligent decision-making. Fitow has also collaborated with Baidu to launch an AI smart camera.

Fitow serves a diverse, high-value client base across industries such as automotive, aerospace, new energy, pharmaceuticals, and chemical textiles. The company has provided solutions to over 300 well-known enterprises, including major automotive brands like Mercedes-Benz, Audi, BYD, and Volkswagen. Initially focusing on the automotive sector, Fitow has expanded its reach to empower manufacturing in fields like steel and medicine. The company has a global footprint, with its intelligent equipment being exported to Europe, North America, India, Mexico, and Brazil. To support its international operations, Fitow has established branch offices in various Chinese cities and abroad in locations such as Germany and Thailand.

Financially, the company is registered with a capital of approximately ¥49.91 million and has successfully completed multiple funding rounds. It secured a B-round financing in October 2021 and a C-round of over 100 million RMB in September 2023 from investors including Yu Capital Zhangquan Fund and Tianjin Binhai Industrial Fund. Keywords: industrial AI, machine vision, intelligent manufacturing, quality control solutions, automated inspection, production data analytics, industrial big data, smart factory, AI visual inspection, defect detection, manufacturing process optimization, automotive manufacturing technology, aerospace inspection, pharmaceutical manufacturing, supply chain data management, intelligent perception, AI-powered robotics, industrial software, digital transformation, predictive maintenance

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
China
Open positions
None listed
Dealroom signal
19.0/100
Industry
Enterprise Software, Engineering and Manufacturing Equipment
Sector
AI, Core AI, AI Applications, DT and LS, science-based
Technology
Artificial Intelligence, Deep Tech
Business model
Manufacturing, SaaS
Client focus
b2b
Links
Website

Latest news

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BEquity / VC Nov 2023 $14M $138M Zhongke Haichuang · Henan Yuzi
LATE VCEquity / VC Sep 2023 $0 $138M Yuzi Zhangquan Fund · Tianjin Binhai Bonded Private Equity Fund · Haichuang Tiancheng
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Growth signals

Fit (Tianjin) Testing Technology website traffic

Latest recorded traffic for Fit (Tianjin) Testing Technology is 400 monthly website visits, down 33.3% over the last three months.

Latest monthly visits400 3-month web change-33.3%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

6 investors on the cap table

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

Series A3 investors entered at this stage

  • Ying Capital
  • Zhongke Haichuang
  • Henan Yuzi

Series B and later3 investors entered at this stage

  • Yuzi Zhangquan Fund
  • Tianjin Binhai Bonded Private Equity Fund
  • Haichuang Tiancheng
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Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China HQ
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Market sentiment

Posts on X, past 7 days

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

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