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NextVPU
Health Tech & Medtech · Pudong, China · Founded 2016
Helping blind and low vision going outside and read text on paper and other material with the help of artificial intelligence MoreLess
Headquartered in Shanghai, NextVPU (Shanghai) Co., Ltd. is a technology company specializing in AI-powered computer vision processing chips and their applications. The company was founded in 2016 by Alan Feng, Cai Haijiao, and Dr. Ji Zhou. The impetus for the company's creation came from CEO Alan Feng's experience at a public service event for blind runners, which highlighted the need for more advanced assistive technologies. Feng, a microelectronics graduate from the University of Science and Technology of China and the University of Southampton, UK, previously led a global R&D team at AMD, contributing to the design of over 50 CPU and GPU chips for major products like the Microsoft Xbox One and Sony PlayStation 4. He persuaded his former AMD colleague, Dr. Ji Zhou, to co-found the venture. Dr. Zhou, who holds a PhD from Zhejiang University, was a chief architect for computer vision and image signal processing at AMD. Co-founder Cai Haijiao has over a decade of experience in image-processing technology, including work on the Shenzhou manned space program.
NextVPU's business model centers on the design and manufacturing of AI-based computer vision processing chips for a diverse client base. Its core business involves creating semiconductor technology for applications in professional security, ADAS (Advanced Driver-Assistance Systems), robots, home cameras, and smart retail. The company has successfully shipped its N-series, D-series, and V-series chips, which feature high-quality ISP image processing with built-in 3D noise reduction and dynamic contrast enhancement. A key asset is its proprietary CVKit™ NN core, an energy-efficient AI computing core. Revenue is generated through the sale of these chips and embedded AI solutions to businesses, including Fortune 500 companies, with operations spanning China, the US, UK, Germany, and Japan. Since its inception, NextVPU has secured over $71.1 million in funding across multiple rounds from investors such as Frees Fund, Cethik, Overture Wealth, and Innoven Capital.
A significant application of NextVPU's technology is in the assistive technology market, under the brand AngelEye™. This product line was inspired by the founders' commitment to using their expertise in AI computer vision to aid the visually impaired. The flagship product, AngelEye smart glasses, was launched in 2017 and translates visual information into audio cues, helping users detect obstacles, recognize objects like crosswalks and stairs, and read text. The AngelEye portfolio also includes smart readers and smart voice medicine boxes. Beyond assistive devices, NextVPU has developed the Feynman M1, an intelligent depth camera based on active stereo vision technology, intended for applications like autonomous vehicles, drones, 3D scanning, and industrial automation.
Keywords: AI vision processing, computer vision chips, assistive technology, smart glasses, visually impaired aids, semiconductor design, ADAS chips, AngelEye, depth camera, embedded AI solutions, robotics vision, smart security, AI for Good, Alan Feng, Shanghai startup, computer vision startup, image signal processing, autonomous vehicle technology, smart retail solutions, drone vision systems
Valuation & funding
NextVPU funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES DOther financing | Dec 2023 | $28M | $110M | Huashan Capital | ↗ |
| SERIES DOther financing | Aug 2023 | $14M | $550M | WestSummit Capital · Huashan Capital · Changzhou Hi-tech Investment · Qitai Capital | ↗ |
| SERIES COther financing | Jun 2022 | $14M | $55M | ICBC International | ↗ |
| SERIES BOther financing | Mar 2020 | $41M | $165M | Undisclosed | ↗ |
| SERIES AOther financing | Nov 2019 | $0 | — | Undisclosed | ↗ |
| SERIES AOther financing | Oct 2018 | Undisclosed | — | ||
| ANGELOther financing | Jan 2016 | Frees Fund | — |
Growth signals
NextVPU website traffic
Latest recorded traffic for NextVPU is 1.1K monthly website visits, down 90% over the last three months.
Comparisons
NextVPU compared with similar companies
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Talent graph
NextVPU's talent
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Investors
7 investors on NextVPU's cap table
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Global footprint
Where NextVPU has talent and traffic
In the news
Latest news about NextVPU
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Market sentiment
What the market is saying about NextVPU
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