Chinapex/APEX presents newest AI and blockchain technology at Microsoft Accelerator Demo Day. Microsoft Accelerator Shanghai’s 15 technology companies tripled in value to RMB 21.2 billion total in six months.
Microsoft Accelerator Shanghai today hosted a graduation and demo day for its most recent batch of startups. The startups in this batch including innovative technology companies such as PingCAP, Datavisor, Chinapex, Roadstar.ai, and Hunch.ai, with the cohort is the second to graduate since the Accelerator launched in January 2017. Following an intensive 4–6 month period of acceleration, the 15 startups have received new rounds of funding totaling 900 million RMB, with combined valuation of 21.2 billion RMB, averaging 1.4 billion each.
With its global Microsoft Accelerator program, Microsoft works with later-stage startups to provide the tools, resources, connections, knowledge and expertise they need to become successful companies, backed by the immense computing power of Microsoft Azure. Microsoft Accelerator is a global initiative to accelerate the success of innovative, B2B, enterprise-ready companies by providing unprecedented access to top Microsoft partners and customers, powerful business connections, and technical knowledge. Microsoft Accelerator globally has successfully accelerated 764 startups and with 83% having received next round funding of a total over USD 3.6 billion. China is the only country in the world with two Microsoft Accelerators, one in Beijing and the other in Shanghai. The total market valuation for Microsoft Accelerator’s China graduates has reached RMB 85.4 billion with post-incubation growth of more than 400%. Four companies are now listed on China National Equites and Exchange Quotations (NEEQ) — also known as the New Third Board Market — while 13 have been acquired to date.
