360leiliang raises ¥100M Series B to digitise China's textile industry

What's the deal? 360leiliang, a Chinese textile AI and industrial internet company, has raised ¥100 million (about $14.8 million) in a Series B and B+ round.

The round was backed by Xingzheng Innovation Capital, Qingyuan Fund, Mawei State-owned Assets, GF QianheDealroom has a profile for this one. Try Dealroom →, Rongtou Capital, and Gulou State Investment.

The company has spent years in textile fabrics and trims, focusing on niches such as lace.

Why now? China's traditional textile industry is under pressure to modernise, and 360leiliang pitches a repeatable path to do it.

It uses AI, big data, and IoT to connect the full chain — design, production, quality inspection, and trading.

What could go wrong? Legacy textile makers can be slow to adopt new technology, and convincing them to digitise their workflows is no small task.

Much of the backing comes from state-linked investors, which ties growth to local government priorities.

The signal: Despite still being an early-stage company, 360leiliang has drawn a deep bench of state-linked and institutional backers — from investment funds to government asset vehicles — signalling that China's drive to digitise legacy manufacturing is increasingly treated as a public-policy priority rather than a purely commercial bet.