Dreame Technology

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]

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

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

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
  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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