Dreame Technology

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]

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

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 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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