Dreame Technology Co., Ltd.
TypePrivate
IndustryHome appliances
Founded2017
FounderYu Hao (CEO)
HeadquartersSuzhou[1]
Area served
Worldwide
Websitewww.dreametech.com

Dreame Technology (Chinese: 追觅科技; referred to simply as Dreame[2]), with the full name Dreame Technology Co., Ltd., also known as Dreametech,[3] is a Chinese manufacturer of household appliances,[4] specializing in making vacuums.[5] Founded by Yu Hao in 2017,[6] the company's main products are cleaning and personal care appliances,[7] including cordless vacuums,[8] scrubbers, hairdryers, and robot vacuum and mops.[9] In addition, it owns and operates an app called Dreamehome.[10]

Outside of China, Dreame's products are available in Malaysia,[11] Australia,[12] the United States, Germany, among others.[13] After its establishment, the company was backed by Xiaomi,[14] IDG Capital,[15] Yunfeng Capital,[16] and Shunwei Capital.[17] In October 2021, it raised $563 million in Series C funding co-headed by CPE and Huaxing Growth Capital.[18]

History

The company originated as a campus organization called "Skyworks".[19] In 2017, Dreame was officially formed. In December 2018, the firm launched its first product,[20] the V9, a cordless vacuum cleaner.[21]

In 2020, Dreame developed a 150,000-rpm digital motor.[22] In August, it secured an investment from IDG Capital.[23] In December, its Suzhou smart factory started operations.[24]

In October 2021, Dreame received $563 million in a Series C round.[25] In the same month, it reached a partnership with Borussia Dortmund.[26] The company introduced its first robot vacuum-mop in January 2022.[27] In September, it exhibited at the IFA.[28]

References

  1. ↑ Lexi Dwyer. "The best way to clean curtains and drapes". TODAY.com. Archived from the original on February 3, 2023. Retrieved May 19, 2021.
  2. ↑ Josh Horwitz (March 29, 2021). "Fridges, microwaves fall prey to global chip shortage". Reuters. Archived from the original on February 27, 2023.
  3. ↑ Audrey Lee. "Find The Best Robot Vacuum for Spotless Floors". Architectural Digest. January 25, 2022. ISSN 0003-8520. Archived from the original on February 5, 2023.
  4. ↑ Stella Yifan Xie and Joanne Chiu. "Suez Canal Blockage Pressures Global Container Supply". The Wall Street Journal. March 29, 2021. Archived from the original on February 26, 2023.
  5. ↑ Terri Williams. "19 Best Vacuum for Hardwood Floors Options". Architectural Digest. August 18, 2022. ISSN 0003-8520. Archived from the original on February 5, 2023.
  6. ↑ Daniel Lee. "Dreametech Innovation Takes Futuristic Home Care To The Next Level". International Business Times. March 17, 2022. Archived from the original on February 24, 2023.
  7. ↑ "Dreame Technology Secures Nearly US$15M in Series B+ Funding". FinSMEs. September 8, 2020.
  8. ↑ Lily Gray (January 11, 2022). "Shoppers Compare This Cordless Stick Vacuum to Dyson". People. ISSN 0093-7673.
  9. ↑ Michael Chang. "Dreametech Bot W10 Self-Cleaning Robot Vacuum and Mop: Self Cleansing and Drying Mop is Here". International Business Times. January 7, 2022. Archived from the original on February 25, 2023.
  10. ↑ Tyler Hayes. "DreameBot L10s Ultra Review: A Cleaning Machine With One Big Flaw". Newsweek. Retrieved October 15, 2022.
  11. ↑ Lexi Dwyer. "Dreame vacuum cleaners make local debut". New Straits Times. November 11, 2021. Archived from the original on February 3, 2023.
  12. ↑ Janet Guan. "The best EOFY stick vacuum sales in Australia 2022". Better Homes and Gardens. June 27, 2022. ISSN 0006-0151.
  13. ↑ "Approaching the Jiangsu Youth May Fourth Medal winners". Xinhua News Agency. Xinhua Daily. May 4, 2022. Archived from the original on February 5, 2023.
  14. ↑ Ciara O'Brien (April 21, 2022). "Xiaomi Dreame Bot Pro: Great robotic vacuum cleaner that empties itself". The Irish Times.
  15. ↑ Lee, Steven (September 4, 2020). "Xiaomi Backs Dreame In $15m Funding Round". Independent Nigeria. Archived from the original on February 3, 2023.
  16. ↑ "China Tech Digest: Huawei, Volkswagen To Jointly Develop Autonomous Driving Technology; Alibaba Cloud Will Open Data Centers In South Korea And Thailand". China Money Network. October 21, 2021.
  17. ↑ Lucinda Shen (September 4, 2020). "When a venture capital-backed merger goes awry". Fortune. Archived from the original on September 7, 2020.
  18. ↑ Zhai Shaohui and Ding Yi. "Xiaomi-Backed Cleaning Robot Startup Vacuums Up $563 Million in Latest Funding Round". Caixin Global. October 22, 2021. Archived from the original on December 27, 2022.
  19. ↑ David Thompson (July 7, 2022). "Dreametech Raises the Bar for Automated Cleaning with the DreameBot D10 Plus". Tech Times.
  20. ↑ Zheng, Paco. "Dreametech W10 Robot Vacuum Cleaner and Mop: Frees you from housework". Gizmochina. Retrieved November 24, 2021.
  21. ↑ Dongshan Zhao (August 8, 2022). "This 35-year-old geek built a unicorn company that sells products in 100 countries". China Entrepreneur Magazine. Archived from the original on April 18, 2023.
  22. ↑ "Fortune releases China's '40 under 40 List of 2021'". Fortune. April 27, 2021. Archived from the original on February 26, 2023.
  23. ↑ Liao, Rita (September 3, 2020). "Xiaomi backs Dyson's Chinese challenger Dreame in $15 million round". TechCrunch. Archived from the original on February 3, 2023.
  24. ↑ "Dreame Tech's Suzhou Smart Factory Starts Operations". Assembly Magazine. December 18, 2020. ISSN 2328-1529. Archived from the original on December 28, 2022.
  25. ↑ Liya Su (October 20, 2021). "Xiaomi-backed Dreame raises $563m in Series C round". DealStreetAsia. Archived from the original on April 19, 2023.
  26. ↑ Richard O'Connor. "Dreame Smart Cleaners steal the show at CES 2022". Reader's Digest. January 6, 2022. Archived from the original on February 26, 2023.
  27. ↑ Katie Mortram. "Here are our favorite robot vacuums at CES 2022". Tom's Guide. Retrieved January 5, 2022.
  28. ↑ Josh Smith. "Best of IFA 2022: The Coolest New Tech and Gear". Newsweek. Retrieved September 7, 2022.


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