XAG was founded by Peng Bin in 2007.

Who are XAG's investors?

XAG's investors include SoftBank Vision Fund, Baidu, Baidu Capital, Baidu Ventures, GL Ventures, Sinovation Ventures, SoftBank Group.

How much funding has XAG raised?

XAG has disclosed $228M raised across 2 rounds.

XAG

Founded 2007 · 112 employees on LinkedIn · 17 known investors

Find your way into XAG

XAG develops agricultural drones, ground rovers, autopilot consoles, smart fertigation systems, and farm management IoT products for precision farming and intelligent management of water, fertilizer, and pesticides. Founded in China, its agricultural robotics products are sold in more than 60 countries and regions.

AgTech AI & Machine Learning Robotics

Founders & leadership

XAG was founded in 2007 by Peng Bin.

Peng BinFounder

Investors · 17

SoftBank Vision Fundlisted by SoftBank Vision FundLondon

Baidureported

How we know: funding news · agfundernews.com · company funding news (hacker news) · Not right? Tell us

Baidu CapitalreportedBeijing

How we know: funding news · scmp.com · Not right? Tell us

Baidu VenturesreportedBeijing · $1.4M – $145M

How we know: funding news · agfundernews.com · Not right? Tell us

GL VenturesreportedBeijing

How we know: funding news · agfundernews.com · Not right? Tell us

Sinovation VenturesreportedBeijing · $1M – $110M

How we know: scmp.com · Not right? Tell us

SoftBank GroupreportedTokyo

How we know: funding news · agfundernews.com · company funding news (hacker news) · Not right? Tell us

Also in the syndicate · 10

Chengwei CapitalGuangzhou Emerging Industry Development FundGuangzhou Xinxin (“emerging”) CapitalGuangzhou Yuexiu Industrial Investment Fund ManagementHillhouse Capital GroupMingtai CapitalSoftbank Vision Fund 2leadSoftBank Vision Fund IIleadTopSecYuexiu Industrial Fund

Funding

SEC filings, press & company announcements

$228M disclosed across 2 rounds · 2020–2021

$46MSeries C-plus-plusMar 2021 · 2 sources
Baidu Capital (lead), Chengwei Capital (lead), Mingtai Capital (lead), SoftBank Vision Fund II (lead), Baidu, GL Ventures, Hillhouse Capital Group, SoftBank, TopSec
Source ↗
$182MraisedNov 2020 · 4 sources
Baidu Capital (lead), Baidu Ventures (lead), Softbank Vision Fund 2 (lead), SoftBank Vision Fund II (lead), Chengwei Capital, Guangzhou Emerging Industry Development Fund, Guangzhou Xinxin (“emerging”) Capital, Guangzhou Yuexiu Industrial Investment Fund Management, Mingtai Capital, Sinovation Ventures, Yuexiu Industrial Fund
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does XAG do?: XAG develops agricultural drones, ground rovers, autopilot consoles, smart fertigation systems, and farm management IoT products for precision farming and intelligent management of water, fertilizer, and pesticides. Founded in China, its agricultural robotics products are sold in more than 60 countries and regions.
Who founded XAG?: XAG was founded by Peng Bin in 2007.
Who are XAG's investors?: XAG's investors include SoftBank Vision Fund, Baidu, Baidu Capital, Baidu Ventures, GL Ventures, Sinovation Ventures, SoftBank Group.
How much funding has XAG raised?: XAG has disclosed $228M raised across 2 rounds.