Aqara

Aqara is the flagship consumer smart-home brand of Shenzhen-based Lumi United Technology Co., Ltd., which was founded in 2009 and launched the Aqara brand in 2016 to offer affordable, easy-to-use connected devices. Its catalog spans motion, door, and environmental sensors, smart locks, cameras, switches, and hubs that double as Matter and Zigbee controllers, sold under a deliberately open, cross-platform strategy that supports Apple Home, Google Home, Amazon Alexa, and Samsung SmartThings. Aqara began officially supporting the Matter standard in April 2023, positioning its hubs as bridges that bring inexpensive Zigbee accessories into Matter ecosystems. Lumi closed a Series B round of roughly $156 million in October 2021 led by Shenzhen Capital Group, with participation from Joy Capital, CICC, and China Telecom; Xiaomi, which took a strategic minority stake in the company around 2014 to integrate it into the Mi ecosystem, remains a minority investor (reported in the low-double-digit percent range) rather than majority owner. In March 2026 Lumi United Technology filed a prospectus with the Hong Kong Stock Exchange, signaling a planned public listing; the filing disclosed revenue of roughly RMB 1.5 billion that has been essentially flat for three years, a widening net loss of RMB 322 million in 2025, Xiaomi as its largest customer at more than 32% of revenue, and international markets at 66.5% of the mix.