On April 23, 2026, the 10th Annual “Growth of All Things” Conference, themed “Innovate in Zhejiang, Lead the Future with Intelligence,” grandly opened at the Hangzhou International Expo Center. As a premier annual event for Hangzhou’s tech innovation ecosystem, the conference unveiled the much-anticipated “2026 Hangzhou Unicorn and Quasi-Unicorn Enterprise List.” Hangzhou LuminWave Technology Co., Ltd., recognized for its sustained technological innovation and strong market growth potential, was proudly named a Hangzhou Quasi-Unicorn Enterprise, establishing itself as a benchmark for high-quality development in Hangzhou’s hard-tech sector.
As an authoritative barometer of Hangzhou’s tech innovation landscape, this list not only serves as a core platform for identifying high-growth innovative companies focused on hard technology but also reflects the region’s scientific and technological strength and industrial development potential. This recognition signifies strong endorsement from both the industry and capital markets of LuminWave’s technological leadership, product maturity, and commercialization capabilities, as well as full affirmation of the company’s leading position and sustainable development capacity in the field of 3D perception.
Since its founding in 2018, LuminWave has remained rooted in Hangzhou, a land of innovation and entrepreneurship. Led by a team of MIT photonics experts and seasoned industry engineers, the company has focused on LiDAR and 3D sensing, building a full-stack technology system spanning chips, hardware, software, and algorithms. It has introduced to the market the world’s first fully integrated silicon photonic chip, and launched multiple high-performance products including the F-Series FMCW 4D LiDAR, DS-Series pure solid-state LiDAR, and 3D vision sensors, empowering autonomous driving, industrial automation, and embodied intelligent robotics.
In terms of commercial deployment, LuminWave has achieved remarkable results. Its self-developed LiDAR products have been successfully integrated into mass-production L2+ pre-installation programs of leading domestic heavy-duty commercial trucks, while also achieving volume deliveries to hundreds of industrial automation and intelligent robotics companies.
Backed by deep technological expertise and comprehensive recognition, LuminWave has earned numerous prestigious honors, including National Sci-Tech SME, National High-Tech Enterprise, Zhejiang Provincial Enterprise Research Institute, Zhejiang Provincial Specialized and Sophisticated SME, Zhejiang Provincial Innovative SME, Hangzhou Municipal Enterprise High-Tech R&D Center, and Academician and Expert Workstation. The company also holds nearly 200 patents and intellectual property rights and has participated in the formulation of multiple industry standards, fully demonstrating its outstanding brand and technological strength.
Being named again as a Hangzhou Quasi-Unicorn is both an honor and a new starting point. LuminWave will seize this opportunity to further increase R&D investment, accelerate core product iteration and application expansion, and provide more efficient and reliable sensing solutions for autonomous driving, industrial intelligence, robotics, and other fields, contributing to Hangzhou’s goal of becoming the No.1 city for global AI innovation and supporting the rise of China’s hard-tech industry.
