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Dreame Technology

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Dreame Technology Co., Ltd.
Company typePrivate
IndustryHome appliances
Founded2017
FounderYu Hao (CEO)[1]
HeadquartersSuzhou[2]
Area served
Worldwide
Productshousehold cleaning and personal care appliances
Websitewww.dreametech.com

Dreame Technology (Chinese: 追觅科技; referred to simply as Dreame[3]), with the full name Dreame Technology Co., Ltd., also known as Dreametech,[4] is a Chinese household appliance manufacturer[5] founded by Yu Hao in 2017.[6] Its main products include cordless vacuums,[7] scrubbers, hairdryers, and robot vacuum and mops.[8] The company specializes in the production of vacuums.[9] In addition, it owns and operates an app called Dreamehome.[10]

Outside of China, Dreame products are also available in overseas markets such as Malaysia,[11] Australia,[12] and the US.[13] After its establishment, the company was backed by Xiaomi,[14] Yunfeng Capital,[15] and Shunwei Capital.[16] In October 2021, it raised $563 million in a Series C funding round.[17]

History[edit]

The company originated as a campus organization called "Skyworks".[18] In 2017, Dreame was officially formed.[19] In December 2018, the firm launched its first product.[20]

In 2020, Dreame developed a 150,000-rpm digital motor.[21] In August, it secured an investment from IDG Capital.[22] In December, its Suzhou smart factory started operations.[23]

In October 2021, Dreame reached a partnership with Borussia Dortmund.[24] The company introduced its first robot vacuum-mop in January 2022.[25] In September 2023, it exhibited at the IFA.[26]

References[edit]

  1. ^ Chen Jing (August 30, 2023). "China's humanoid robots catching up with US and Japan?". Lianhe Zaobao. Archived from the original on June 10, 2024.
  2. ^ Shuli Ren (December 19, 2023). "The Chinese titans making a killing everywhere but China". The Sydney Morning Herald. Archived from the original on March 30, 2024.
  3. ^ Dan Novak (April 3, 2021). "Shortage of Computer Chips Hits Manufacturers". Voanews.com. VOA. Archived from the original on June 9, 2024.
  4. ^ Jennifer Pattison Tuohy (September 8, 2023). "The best budget robot vacuums". The Verge. Archived from the original on June 10, 2024.
  5. ^ Stella Yifan Xie; Joanne Chiu (March 29, 2021). "Suez Canal Blockage Pressures Global Container Supply". The Wall Street Journal.
  6. ^ Forbes China (June 8, 2024). "Dreame Technology Completes Series C Financing of RMB 3.6 Billion". Forbes. Archived from the original on June 12, 2024.
  7. ^ Lily Gray (January 11, 2022). "Shoppers Compare This Cordless Stick Vacuum to Dyson". People. ISSN 0093-7673.
  8. ^ Nena Farrell (April 25, 2024). "Review: Dreame X30 Ultra Robot Vacuum and Mop". Wired. Archived from the original on June 9, 2024.
  9. ^ Amy Schulman (March 9, 2023). "This Vacuum Cleaner Is on Sale at Amazon". People. Archived from the original on June 9, 2024.
  10. ^ Andrew Gebhart (March 12, 2024). "Dreame X30 Ultra Review". PCMag. Archived from the original on April 23, 2024.
  11. ^ Lexi Dwyer. "Dreame vacuum cleaners make local debut". New Straits Times. November 11, 2021. Archived from the original on February 3, 2023.
  12. ^ Tim Biggs (September 10, 2023). "IFA 2023: The best and weirdest gadgets coming to homes soon". The Age. Archived from the original on March 30, 2024.
  13. ^ Jennifer Pattison Tuohy (January 31, 2024). "Amazon left Roomba with a huge mess to clean up". The Verge. Archived from the original on June 10, 2024.
  14. ^ Josh Horwitz (March 29, 2021). "Fridges, microwaves fall prey to global chip shortage". Reuters. Archived from the original on February 27, 2023.
  15. ^ Zhai Shaohui; Ding Yi (October 22, 2021). "Xiaomi-Backed Cleaning Robot Startup Vacuums Up $563 Million in Latest Funding Round". Caixin Global. Archived from the original on December 27, 2022.
  16. ^ Lucinda Shen (September 4, 2020). "When a venture capital-backed merger goes awry". Fortune. Archived from the original on September 7, 2020.
  17. ^ Liya Su (October 20, 2021). "Xiaomi-backed Dreame raises $563m in Series C round". DealStreetAsia. Archived from the original on June 8, 2024.
  18. ^ "Home appliance manufacturer Dreame Technology introduces variety of new products". Xinhua News Agency. May 6, 2023. Archived from the original on June 10, 2024.
  19. ^ Ryo Morita (April 1, 2024). "Chinese home appliance brand Dreame launches the DreameBot X30 Ultra". Yahoo News.
  20. ^ Zhao Dongshan (July 5, 2022). "Dreame Technology's revenue exceeds 4 billion yuan in 2021". Economic Daily. Archived from the original on June 12, 2024.
  21. ^ "Fortune releases China's '40 under 40 List of 2021'". Fortune. April 27, 2021. Archived from the original on February 26, 2023.
  22. ^ Rita Liao (September 3, 2020). "Xiaomi backs Dyson's Chinese challenger Dreame in $15 million round". Yahoo News. Archived from the original on March 31, 2024.
  23. ^ "Dreame Tech's Suzhou Smart Factory Starts Operations". Assembly Magazine. December 18, 2020. ISSN 2328-1529. Archived from the original on December 28, 2022.
  24. ^ Forbes China (October 28, 2021). "Dreame Technology Partners With Borussia Dortmund". Forbes. Archived from the original on June 8, 2024.
  25. ^ Katie Mortram. "Here are our favorite robot vacuums at CES 2022". Tom's Guide. Retrieved January 5, 2022.
  26. ^ Jennifer Pattison Tuohy (September 1, 2023). "New robot vacuums announced at IFA 2023". The Verge. Archived from the original on June 10, 2024.


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