xTool (Makeblock)
A global leader in high-end consumer-grade laser creative tools, providing an integrated ecosystem of hardware, AI-powered software, and creative content for DIY creators and small businesses.
- CEO / Founder
- Jasen Wang (Wang Jianjun)
- Team Size
- 500+
- Stage
- Pre-IPO (Submitted HKEX listing application on January 1, 2026; completed $200M Series D funding led by Tencent).
- Total Funding
- $280.1M
- Latest Round
- Series D / Pre-IPO ($200.0M, Jan 2025)
- Key Investors
- ["Tencent","Granite Asia (GGV Capital)","Cathay Capital","Gaorong Capital","Source Code Capital","Sequoia China"]
Technology & Products
Key Products
["xTool F1 & F1 Ultra (Portable High-speed Dual Laser Engravers)","xTool M1 & M1 Ultra (Hybrid Laser, Blade, and Inkjet Cutting/Printing Machines)","xTool P2 (Smart Desktop 55W CO2 Laser Cutter with Curved Surface Engraving)","xTool D1 Pro & S1 (Professional-grade Enclosed Diode Laser Cutters)","xTool Screen Printer (Digital Screen Printing Solution)","xTool AIMake (Generative AI Tool for design-to-physical processing)","xTool SafetyPro™ (Advanced Air Purification & Safety Accessories)"]
Technological Advantage
Strong R&D focus (56% of workforce) specializing in high-power diode laser modules (up to 40W+), proprietary CNC control systems, and AI-driven image-to-path algorithms (AI Craft Agent).
Market & Competition
Target Customers
DIY hobbyists, independent designers (Etsy/boutique sellers), STEAM educational institutions, and small-scale custom manufacturers.
Industry Verticals
["Consumer DIY & Crafting","STEAM Education","Small-scale Commercial Customization","Industrial Design & Prototyping"]
Competitors
["Glowforge","Snapmaker","LaserPecker","OMTech","Creality"]