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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Science & Engineering
iflytek.com

Investments

107

Portfolio Exits

3

Funds

2

Partners & Customers

10

About iFLYTEK

iFLYTEK (SHE: 002230) is a software enterprise dedicated to the research of intelligent speech and language technologies.

Headquarters Location

National Intelligent Speech High-tech Industrialization Base No. 666, Wangjiang Road West

Hefei, Anhui,

China

+86 0551-65331500

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Latest iFLYTEK News

Yishi Technology’s AI-powered smart playgrounds make physical education more fun and personalized

Sep 19, 2023

Share Not every student shares the same enthusiasm for physical education, but AI can help enhance both the enjoyment and effectiveness of the learning experience. Traditional physical education in K12 schools often adheres to a one-size-fits-all approach that falls short of addressing the diverse needs and abilities of students. Moreover, current tools and assessment equipment are typically ill-suited to meet the needs of schools for regular physical exercises. With the advancement of artificial intelligence technology, technology companies are making significant strides in discovering new and innovative ways of improving physical education. Among these companies include Anhui’s Yishi Technology , which leverages internet of things, cameras, motion sensors, and AI technology to create smart playgrounds tailored for schools. Yishi Technology’s mission is to transform school environments into intelligent spaces, offering a holistic solution that caters to all facets of campus sports education, including teaching, practice, and assessment. Yishi Technology’s smart playground venture responds to the growth in the emphasis placed by the Chinese government on physical education, with notable policies being crafted in support. In September 2020, China’s General Administration of Sport and its Ministry of Education jointly issued a document incorporating physical education into the middle school entrance examination as a graded subject, with plans to gradually increase its weightage in evaluations. In 2022, the education ministry further reinforced the significance of physical education in its curriculum, allocating 10–11% of instructional time to physical education and health , second only to language and mathematical subjects. In 2019, Yishi Technology launched an AI-powered smart playground solution after analyzing the physical activity of students on campuses. These smart playgrounds are equipped with cameras, speakers, and display screens. Each smart playground is powered by AI, utilizing deep neural networks to analyze motion, posture, and sport. Data on students’ physical performance are collected and analyzed in real-time, enabling automatic evaluation of students’ athletic achievements, rule violations, and precise analysis and guidance tailored to each student. Screenshot of a student’s physical activity assessment by Yishi Technology’s smart playground solution. Image and header image source: 36Kr . This system can also reduce the workload of physical education teachers. Cameras embedded in the system automatically capture students’ real-time motion data while teachers initiate the corresponding tasks. This data can be collected and combined with insights from sports experts, automatically generating performance scores and personalized sports programs to enhance the training regimens prescribed to students. Yishi Technology’s innovative approach has already made a significant impact, having been adopted in over 40 Chinese cities to date, benefiting hundreds of schools and over 1.2 million students. Multiple schools have reported improvements in their students’ physical test scores and enthusiasm toward physical activities. Screenshot of a physical performance leaderboard among students from a school. Image source: 36Kr . Tang Yiping, founder of Yishi Technology, was formerly from the Chinese information technology company iFLYTEK, having worked with the company for many years and garnering extensive experience in product R&D. In 2019, he left iFLYTEK to start Yishi Technology, building the team to the current size of over 100 people. Its R&D team accounts for about 60% of the company’s total manpower, comprising doctoral and master’s graduates from esteemed universities. The company holds over 150 IP rights, including 40 patents and over 20 software copyrights. Tang hopes that Yishi Technology’s smart playgrounds can make physical education more dynamic and engaging, allowing children to truly enjoy the experience. ​​​​KrASIA Connection features translated and adapted content that was originally published by 36Kr. This article was written by Lin Weixin for 36Kr. Share

iFLYTEK Investments

107 Investments

iFLYTEK has made 107 investments. Their latest investment was in FTSINO as part of their Seed - III on July 7, 2023.

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iFLYTEK Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/15/2023

Seed - III

FTSINO

Yes

1

5/12/2023

Series D

New Vision Electronics

$25.5M

Yes

4

1/30/2023

Series A

Bashou Technology

No

1

1/11/2023

Series B

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10

8/26/2022

Corporate Minority

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10

Date

7/15/2023

5/12/2023

1/30/2023

1/11/2023

8/26/2022

Round

Seed - III

Series D

Series A

Series B

Corporate Minority

Company

FTSINO

New Vision Electronics

Bashou Technology

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Amount

$25.5M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

1

4

1

10

10

iFLYTEK Portfolio Exits

3 Portfolio Exits

iFLYTEK has 3 portfolio exits. Their latest portfolio exit was Cambricon on July 20, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/20/2020

IPO

$99M

Public

8

5/28/2020

IPO

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$99M

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10

6/16/2016

IPO

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$99M

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10

Date

7/20/2020

5/28/2020

6/16/2016

Exit

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

8

10

10

iFLYTEK Acquisitions

6 Acquisitions

iFLYTEK acquired 6 companies. Their latest acquisition was Star Robot on December 19, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/19/2022

$99M

Acquired

1

8/26/2021

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$99M

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0

5/10/2016

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$99M

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10

12/30/2015

Seed / Angel

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$99M

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10

10/1/2014

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$99M

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10

Date

12/19/2022

8/26/2021

5/10/2016

12/30/2015

10/1/2014

Investment Stage

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

0

10

10

10

iFLYTEK Fund History

2 Fund Histories

iFLYTEK has 2 funds, including iFLYTEK Fund 1.

Closing Date

Fund

Fund Type

Status

Amount

Sources

iFLYTEK Fund 1

$13M

1

iFLYTEK AI Fund

10

Closing Date

Fund

iFLYTEK Fund 1

iFLYTEK AI Fund

Fund Type

Status

Amount

$13M

Sources

1

10

iFLYTEK Partners & Customers

10 Partners and customers

iFLYTEK has 10 strategic partners and customers. iFLYTEK recently partnered with Huawei Technologies on August 8, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

8/29/2023

Partner

China

Huawei, iFlytek team up for AI solutions - email a friend

Huawei , iFlytek team up for AI solutions .

1

8/25/2023

Client

Monaco

iFLYTEK Holds Global Partner Summit

BUDAPEST , Hungary , Aug. 25 , 2023 / PRNewswire / -- iFLYTEK 's Consumer Business Group hosted a Global Partner Summit in Budapest during the 2023 Budapest World Athletics Championships , where iFLYTEK serves as the Budapest World Athletics Championships Official Event Supplier , providing the Championships with automatic translation software , hardware products , and other services .

2

6/11/2022

Licensor

China

iFlytek launches new Ainote Air E Ink tablet for better workplace efficiency - Good e-Reader

That is not all as the Ainote Air can also be used as an e-book reading device as well thanks to the company 's partnership with one of China 's largest booksellers , Dangdang.com as well as from iFlytek 's own resources .

1

9/30/2021

Partner

China

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10

12/1/2020

Vendor

China

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10

Date

8/29/2023

8/25/2023

6/11/2022

9/30/2021

12/1/2020

Type

Partner

Client

Licensor

Partner

Vendor

Business Partner

Country

China

Monaco

China

China

China

News Snippet

Huawei, iFlytek team up for AI solutions - email a friend

Huawei , iFlytek team up for AI solutions .

iFLYTEK Holds Global Partner Summit

BUDAPEST , Hungary , Aug. 25 , 2023 / PRNewswire / -- iFLYTEK 's Consumer Business Group hosted a Global Partner Summit in Budapest during the 2023 Budapest World Athletics Championships , where iFLYTEK serves as the Budapest World Athletics Championships Official Event Supplier , providing the Championships with automatic translation software , hardware products , and other services .

iFlytek launches new Ainote Air E Ink tablet for better workplace efficiency - Good e-Reader

That is not all as the Ainote Air can also be used as an e-book reading device as well thanks to the company 's partnership with one of China 's largest booksellers , Dangdang.com as well as from iFlytek 's own resources .

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Sources

1

2

1

10

10

iFLYTEK Team

1 Team Member

iFLYTEK has 1 team member, including current President, Qingfeng Liu.

Name

Work History

Title

Status

Qingfeng Liu

President

Current

Name

Qingfeng Liu

Work History

Title

President

Status

Current

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