"Wance" Closes Over 100 Million RMB Series A+ Funding, Secures Consecutive Orders From Multiple Industry Benchmark Companies | Linear Portfolio

Wance, a leading domestic industrial safety sensor company, recently announced it has raised over 100 million RMB in its Series A+ round. The proceeds will go toward new product R&D, building China's first large-scale production base for high-quality, compliant industrial safety sensors, and overseas business expansion.

Wance provides a full range of sensor products and solutions covering industrial safety, precision measurement, and general sensing. Since mass production began, it has continuously won orders from leading enterprises across multiple industries, with revenue growth exceeding 200% in 2025, and has steadily onboarded benchmark customers across various sectors.

Linear Capital led Wance's angel round and has continued to increase its stake in subsequent rounds.

Recently, Wance, a leading domestic industrial safety sensor company, completed a Series A+ round of over 100 million RMB. The round was joined by industrial investors Fengyuan Capital, Sanhua, and Jianzhi Group, as well as financial investors Orient Securities Capital and Wanlian Tianze, while existing shareholder Tongchuang Weiyue also made a significant follow-on investment.

Wance Technology founder Xiaohui Tang expressed his gratitude for the support from both new and existing shareholders. He said the proceeds will be used for new product R&D, building China's first large-scale production base for high-quality, compliant industrial safety sensors, and overseas business expansion.

Wance product matrix and application scenarios

As China's industrial system has gradually matured, Industry 4.0 has evolved from its original efficiency-first phase to one where quality and efficiency carry equal weight — and production safety is paramount to quality.

However, because industrial safety developed earlier abroad, industry giants like SICK, Omron, and Keyence have long dominated China's industrial safety sensor market. Domestic manufacturers with export-bound products have been compelled to use compliant industrial safety sensors to meet overseas regulatory requirements, while domestic safety production regulations have also been rolled out industry by industry. These factors have driven rapid growth in China's industrial safety sensor market, which is expected to reach 20 billion RMB by 2030.

Wance capabilities overview

Since its founding, Wance Technology has been committed to building an independently innovative domestic industrial safety sensor system, with a vision of "advancing industrial safety and building a harmonious society." Its core team comes from overseas industry leaders including Omron, Keyence, and SICK. The team deeply understands the importance of industrial safety to China's transition from a manufacturing giant to a manufacturing powerhouse. Therefore, from the design stage, it adheres to the most stringent international standards such as ISO 13849, IEC 61508, and UL 61496, implementing rigorous redundancy design and reliability verification. Its products have successfully obtained CE and North American UL safety certifications. Domestically, as a deputy secretary-general member unit of TC208, it actively participates in establishing national standards and has contributed to nine published standards in the industrial safety field.

Since mass production began, it has continuously won orders from leading enterprises across multiple industries, with 2025 revenue growth exceeding 200%, and has steadily onboarded benchmark customers across various sectors, including a global consumer electronics leader (Customer A), a leading new energy vehicle company (Customer B), a leading new energy company (Customer C), and European automakers (Customers B and V).

Wance's LT series — Asia's first AI + 3D + safety stereo safety sensor — integrates sensing and edge AI algorithms. It has been deployed in nearly 1,000 scenarios across automotive OEM and component factories, new energy battery and photovoltaic, 3C, logistics, and metal processing industries, and has already partnered with several leading domestic industrial robotics and embodied intelligence companies. This stereo safety sensor addresses the inflexibility of traditional safety protection for end customers while also filling gaps in conventional protection solutions, offering customers an optimal balance between safety and efficiency, with broad development prospects in industrial applications going forward.

Wance is headquartered in Shenzhen and provides a full range of sensor products and solutions covering industrial safety, precision measurement, and general sensing. With deep expertise across multiple industries including 3C electronics, new energy, automotive, robotics, semiconductors, and traditional manufacturing, it has successfully delivered high-quality intelligent sensor products and solutions to numerous domestic and international customers such as Foxconn, Luxshare Precision, BYD, Dongfeng Nissan, Tianjin Lishen, and Han's Laser. Additionally, Wance can provide customers with "one-stop" machinery safety risk assessment, retrofit, and certification services for their equipment and production lines.

Following this round, Wance will rapidly expand production capacity while simultaneously pushing its overseas business, with the goal of becoming a homegrown global industrial safety sensor company.