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HHIT Secures Tens of Millions of RMB in Series A Funding to Accelerate Industrialization of Spectral Vision Technology

Release time:2025-07-15

Recently, Hangzhou Hyperspectral Imaging Technology Co., Ltd. (abbreviated as "HHIT") announced the completion of its Series A funding round, raising tens of millions of RMB. This round of funding was jointly participated by Haitong Innovation Private Equity Fund Management Co., Ltd. (representing market-oriented investment institutions) and Guangdong Gongye Technology Co., Ltd. (representing industrial investors). Taking this as an opportunity, HHIT will accelerate product R&D and iteration, strengthen the construction of domestic and international channels, and further consolidate its leading position in the spectral vision industry. At the same time, it will speed up the large-scale production of standardized cameras and integrated equipment, further reduce costs, and support the multi-dimensional intelligent perception needs of more industry customers.


Founded in 2019, HHIT is a leading provider of spectral vision technology and solutions. Its product portfolio mainly covers hyperspectral cameras, hyperspectral imaging systems, various specialized spectral vision instruments, and spectral vision solutions. After years of development, relying on independent R&D across the entire technology chain, comprehensive competitiveness of high-performance and high-quality products, and a user-oriented technical support system, HHIT has rapidly grown into a world-class and domestically leading core technology enterprise in the field of high-performance spectral vision.


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Independent R&D Across the Entire Chain, World-Class Technological Strength

HHIT was founded by Dr. Pan Mingzhong, a researcher and doctoral supervisor at the School of Physics and Optoelectronic Engineering, Hangzhou Advanced Research Institute of the University of Chinese Academy of Sciences (UCAS). Based on its independently developed dispersive hyperspectral imaging technology, the company provides scientific research and industry clients with a full range of products, including hyperspectral cameras, portable hyperspectral imagers, microscopic hyperspectral imagers, and (unmanned) airborne hyperspectral imaging systems, covering a spectral range of 200nm–12μm. It has built a complete technology chain spanning from hardware and software algorithms to data processing and result analysis, while continuously expanding application solutions for spectral vision in scenarios such as low-altitude remote sensing, industrial inspection, and medical imaging.


HHIT’s independently developed hyperspectral camera series boasts numerous advantages, including high spectral resolution, high efficiency, excellent spectral linearity, and minimal spectral line curvature. It is the only core technology enterprise in China capable of providing full-spectrum hyperspectral products covering 200nm–12μm, with its product range and technical indicators ranking among the forefront of international peers. As of July 2025, the company has launched over 20 models of hyperspectral cameras across different spectral bands, and its cumulative shipments of domestic spectral vision products lead the market. It has also received a series of honors, including support from Hangzhou’s "West Lake Talent Program" (Category A), recognition as a "National High-Tech Enterprise" and "Zhejiang Province Specialized, Refined, Peculiar, and Innovative SME," inclusion in the first batch of 100 "Xinmiao Enterprises" under the "511 Phoenix Plan" of Hangzhou West Sci-Tech Corridor, the Third Prize in the Aerospace Professional Competition of the China Innovation and Entrepreneurship Competition, and the First Prize in the Satellite Internet Digital Technology Application Competition. One of its flagship products, the drone-borne hyperspectral imaging system, won the Bronze Award at the 3rd "Golden Flint Award" China Optoelectronic Instrument Brand List in 2024.



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Customer-Centric Approach: Integrated Hardware-Software-Algorithm Solutions


HHIT does not merely provide hyperspectral hardware products; instead, it offers comprehensive spectral vision application solutions.


Built on three core technology platforms — dispersive hyperspectral imaging technology, integrated acquisition-control-algorithm system integration technology, and data processing & AI intelligent analysis technology — HHIT also adopts the internationally advanced IPD (Integrated Product Development) + Agile development management process. Combining the concepts of platform-based and modular efficient development, the company has launched a full range of spectral vision hardware, software, and integrated systems covering macro remote sensing, near-field detection, and micro detection. This forms a complete technical closed loop that can meet spectral perception needs across different application scenarios. By integrating end-to-end data processing and AI intelligent analysis technology, HHIT significantly shortens the implementation cycle of application systems and reduces the R&D costs of users’ systems.


Over the past two years, by focusing on application scenarios in industrial inspection and low-altitude remote sensing, HHIT has established in-depth cooperative relationships with leading enterprises in the industry. It has also achieved industry-leading mass deliveries in scenarios such as water quality remote sensing monitoring, solid waste recycling and sorting, and tobacco detection. The performance, practicality, and technical support services of its products have all gained market recognition.


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Accelerating Layout, Deepening Focus on Artificial Intelligence and Low-Altitude Economy


 

In China, the scale of the artificial intelligence (AI) industry reached RMB 508 billion in 2022 and is expected to exceed RMB 1 trillion by 2029. Among its segments, computer vision accounts for over 10% of the market. As one of the two core technical branches of next-generation computer vision, spectral vision boasts broad market potential. HHIT firmly believes in its philosophy of "focusing solely on high-quality products": while ensuring product quality, it will reduce costs through technological innovation and large-scale production, and pass on these cost savings to customers. This helps customers maintain advantages in fierce market competition and navigate industry cyclical changes.


Through market research, HHIT has keenly identified that spectral vision holds irreplaceable technical advantages and broad market prospects in solid waste recycling — particularly in the recycling of waste plastics and textiles. By establishing in-depth cooperation with Guangdong Gongye Technology Co., Ltd., the two parties have jointly developed near-infrared hyperspectral equipment dedicated to solid waste sorting. Integrating Gongye Technology’s technical strengths in AI and optoelectronics, this collaboration has achieved better sorting results, faster sorting speed, and higher product cost-effectiveness. It has successfully introduced hyperspectral technology — originally applied in scientific research, aerospace, and other high-end fields — into waste sorting scenarios. While realizing domestic substitution, the solution has significantly reduced costs. Since its launch, the hyperspectral sorting machine has quickly captured the domestic market and been exported to regions and countries including Taiwan (China), Japan, Russia, and Brazil.


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Domestic Substitution & Technology Export: Capturing the Global Market

In the past, the spectral vision product market was dominated by overseas brands. In recent years, with the continuous efforts of domestic manufacturers represented by HHIT, the market share of domestic products has been rising rapidly year by year. In June this year, HHIT participated in Laser World of Photonics 2025, held in Munich, Germany, and received widespread attention and praise from overseas optoelectronic instrument peers and distributors.


HHIT’s development path demonstrates a typical growth model for Chinese technology enterprises in global competition: starting from relying on overseas brands’ technologies in the early stage, to achieving breakthroughs in domestic R&D and mastering the entire technology chain independently; after rapidly increasing its share in the domestic market, it has successfully exported its independent technologies overseas, forming a positive cycle of "domestic substitution → technology accumulation → global expansion". This transformation not only reflects the enhanced capability of independent and controllable domestic industrial chains, but also indicates the improved competitiveness of China’s high-end manufacturing in the international market. As a leading domestic manufacturer of hyperspectral technology, HHIT’s technology export and global market expansion hold multi-dimensional strategic significance. It marks a breakthrough for China’s high-end optical equipment from "following" to "keeping pace" with international counterparts, breaking the traditional monopoly of European and American enterprises in the hyperspectral imaging market, and providing a reference model for other technology enterprises to achieve technological breakthroughs and global layout.


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In the future, HHIT will always adhere to independent R&D, focus on core technologies to build an open ecosystem, and commit to accelerating the in-depth integration of artificial intelligence (AI) and spectral vision technology. It aims to provide global industry customers with "new-quality productive force tools" for multi-dimensional intelligent perception.


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