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Google-backed smartwatch company Mobvoi reportedly seeking IPO (Updated)
June 07, 2025
Update, July 16, 2025 (01:49 PM ET):Mobvoi responded to our request for a comment on the story below. The representative said the company had no comment at this time but would inform us if Mobvoi decides it would like to release a statement.
Original article, August 20, 2025 (11:41 AM ET):According to a new report fromBloomberg, the Google-backed smartwatch and AI company Mobvoi is in the midst of fundraising ahead of a potential IPO in China. The company behind the popular line ofTicWatch smartwatchesreportedly hopes to raise $100 million for a $1 billion valuation.
Mobvoi is a Chinese company, one of only a handful with Google backing. Mobvoi’s line of TicWatch smartwatches all use Google’sWear OS platformand utilizeGoogle Assistantfeatures.
In 2015, Mobvoi had a valuation of $300 million, during a fundraising round led byGoogle. Mobvoi itself was actually started by former Google employees.
If Mobvoi does file for an IPO with a $1 billion valuation, it would give the company some much-needed capital to help expand its brand throughout the world. That capital could also help Mobvoi better compete in the smartwatch and wearable market, which right now is mostly dominated by Apple with theApple Watch. However,Apple’s market share is droppingdue to competition from rivals like Fitbit, HUAWEI, and Samsung.
We reached out to Mobvoi for comment on this news but didn’t hear back before press time.
It’s extremely likely that Google will continue to back Mobvoi through thick and thin to keep Wear OS afloat, as fewer and fewer companies elect to include the beleaguered operating system on their wearables.
Mobvoi’s most recent flagship smartwatch, theTicWatch Pro, receiveda great review fromAndroid Authority. Its cheaper entries are also highly-reviewed, although no TicWatch has launched yet with the newest Snapdragon Wear 3100 chipset.
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