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Galaxy Water Drop Technology (Jiangsu)

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Artificial intelligence company focusing on computer vision and video big data analysis

Dongcheng District, ChinaFounded 2016Robotics
Valuation $250–500M Last recorded · 2024
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Galaxy Water Drop Technology (Jiangsu) and the history behind them.

About Galaxy Water Drop Technology (Jiangsu)

Galaxy Water Drop Technology (Jiangsu) Co., Ltd., operating as Watrix, is a computer vision and big data analytics firm specializing in gait recognition. The company was established in 2016, originating from technology incubated at the prestigious Institute of Automation of Chinese Academy of Sciences (CASIA).

The founding of Watrix is directly linked to the academic work of its CEO, Huang Yongzhen. Prior to launching the company, Huang was a researcher and associate professor at CASIA, where his work focused on pattern recognition and computer vision. This deep academic background in the underlying science provides the foundation for the company's commercial offerings. The firm's core technology was inspired by research from the U.S. Defense Advanced Research Projects Agency (DARPA), which Huang's team then advanced and commercialized. A significant milestone was achieved in October 2018 when Watrix secured 100 million yuan (approximately $14 million USD) in a pre-A funding round to scale its research and business development efforts.

Watrix's primary business involves providing sophisticated identification solutions to enterprise-level clients, particularly in the security, transportation, and manufacturing sectors. Its business model centers on deploying its proprietary software system, “Shuidi Shenjian,” which enables clients to create and analyze private databases for identification purposes. This approach suggests a model based on enterprise software licensing and integrated solutions rather than a simple subscription service.

The company’s gait recognition software identifies individuals by analyzing their body shape, posture, and unique walking patterns. This technology can successfully identify a person from a distance of up to 50 meters, even if their face is covered or they are not looking at the camera. The system works by processing video footage to extract a person's silhouette and build a unique biomechanical model of their walk, reportedly achieving an accuracy rate of over 94%. This serves as a critical supplement to facial recognition, especially in scenarios with low light, long distances, or obscured faces. The system has been tested and used by public security departments in major Chinese cities, assisting in dozens of criminal investigations.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Dongcheng District, China
Open positions
None listed
Dealroom signal
20.7/100
Industry
Robotics
Sector
Robotics, Core AI, Spinout, AI Applications, DT and LS, science-based
Technology
Artificial Intelligence, Hardware, Deep Tech, Machine Learning, Computer Vision
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing May 2024 — $385M SND Ventures Group ↗
SERIES BOther financing Nov 2021 $41M $165M Haitong Securities ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Galaxy Water Drop Technology (Jiangsu) website traffic

Latest recorded traffic for Galaxy Water Drop Technology (Jiangsu) is 60 monthly website visits, down 81.8% over the last three months.

Latest monthly visits60 3-month web change-81.8%
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Investments and acquisitions

Capital deployed

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

Investors

7 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

  • Zhongke Innovation
  • Lenovo Capital and Incubator Group (LCIG)

Series A2 investors entered at this stage

  • Haitong Securities
  • SND Ventures Group

Other known investors3 additional known investors

  • Chinese Academy Of Sciences
  • Institute of Automation, Chinese Academy of Sciences
  • Zhongcai Jinkong Investment
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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
🇨🇳 China · Dongcheng District HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Galaxy Water Drop Technology (Jiangsu) 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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