PR85443

BEIJING, Sept. 7, 2020/PRNewswire=KYODO JBN/--

Dreame Technology (Dreame), a smart consumer technology company specializing in

cordless vacuum cleaners, robot vacuum cleaners and mops, announced that it

raised nearly RMB 100 million (US$14.6 million) in its Series B+ funding led by

IDG Capital with participation from Edge Ventures and Peak Valley Capital,

return shareholders Xiaomi Corporation and Shunwei Capital, on September 1.

Yunmu Capital served as the exclusive financial advisor for this round of funding.

IDG Capital, noted that Dreame is an example of China's next-generation

companies specializing in intelligent manufacturing, and is aligned with

Dreame's long-term vision to make household appliances smart terminals and push

the boundaries of smart home technology application.

Li Rui, Partner of Shunwei Capital, added that the recent Dreame products have

showcased the technological strength of Chinese brands, and Shunwei's continued

support in Dreame's series B+ funding is a recognition of the Dreame team and

their products.

Dreame's key product portfolio includes two major categories of cleaning and

personal care appliances, and the company now leads in areas of high-speed

motor technology, aerodynamics, robot control and Visual Simultaneous

Localization and Mapping (VSLAM). Dreame has enhanced robot vacuum cleaners'

obstacle avoidance ability by combining Time-of-Flight (TOF) and VSLAM technologies.

"Innovation is part of Dreame's DNA and we are committed to being innovative in

all links of the brand-building process, from product and technology to design,

marketing and management. We invest 12 percent of the annual sales revenue back

into R&D and commit three times more into core technology development than our

peers," said Roc Woo, Co-Founder and General Manager of Marketing and Sales

Center of Dreame.

To date, Dreame has published over 840 patent applications, including 270

invention patents.

Dreame will launch its latest T20 handheld cordless vacuum cleaner in early

November, highlighting 150AW ultra-strong suction power and a 99.97 percent

filtration efficiency.

Photo - https://photos.prnasia.com/prnh/20200907/2909584-1 

About Dreame Technology

Dreame Technology, established in 2015, is an innovative company with the

vision to enhance the l global users' quality of life. The Company focuses on

high-performance cleaning appliances by leveraging astrodynamics technologies.

As a leading smart consumer technology company, Dreame joined the Xiaomi

Technology Ecosystem – which is renowned for its exacting standards - at the

end of 2017. Follow us on Facebook (https://www.facebook.com/dreamegloba l),

Instagram (https://www.instagram.com/accounts/login/?next=/dreame_tech/ ) and

Twitter (https://twitter.com/Dreameglobal ).

Media Contact:

Tianshi Yuwen

pr@dreame.tech

+86-400-875-9511

SOURCE:  Dreame Technology

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=370801 

   Caption: Smart Consumer Technology Startup Dreame Technology Raises Nearly USD 15

Million in Series B+ Funding Led by IDG Capital