Tuya Inc.
Native name
杭州涂鸦科技有限公司
TypePublic
FoundedJune 16, 2014 (2014-06-16) in Hangzhou, China
FounderXueji (Jerry) Wan
Area served
Worldwide
Revenue
  • Increase US$302 million[1] (2021)
  • US$180 million[1] (2020)
Websitetuya.com

Tuya Inc. (Chinese: 涂鸦智能; lit. 'Graffiti Intelligence'; dba Tuya Smart) is a Chinese artificial intelligence and Internet of things (IoT) platform as a service (PaaS) provider founded in 2014.

Company

The company provides a cloud development and management platform to developers, brands, and OEMs to program, manage, and monetize smart home and IoT devices.[2]

Tuya is supported by New Enterprise Associates and Tencent. In March 2021 it raised $915 million in the U.S. initial public offering and trades on the NYSE.[3] It launched a global offering on the Hong Kong Stock Exchange in July 2022,[4] giving itself dual primary listings in Hong Kong and New York.[5] Tuya was incorporated in the Cayman Islands.[1]

Internationally, Tuya partners with companies including Schneider Electric, Lenovo, and Philips.[6] It is a member on the board of directors of the Connectivity Standards Alliance[7] and has committed to supporting the Matter connectivity standard.[8][9]

Media reports on spyware

In 2021, multiple media outlets reported an investigation by cybersecurity firm Dark Cubed, suggesting that Tuya's network-connected devices are subject to China's Data Security Law, and "are woefully insecure and sending data to China."[10][11]

References

  1. 1 2 3 "Annual and Transition Report (foreign private issuer) for the fiscal year ended December 31, 2021," (PDF). Tuya Inc. Retrieved 2022-07-12.
  2. ↑ Chen, Qin (2022-07-05). "Tuya launches Hong Kong IPO and prepares for growth overseas". TechNode. Retrieved 2022-07-12.
  3. ↑ Fioretti, Julia (2021-03-17). "China's Tuya Is Poised to Raise $915 Million in U.S. IPO". Bloomberg. Retrieved 2022-03-05.
  4. ↑ "Tuya Smart made its dual listing on Hong Kong Stock Exchange". LegalOne. 2023-08-28. Retrieved 2023-08-28.
  5. ↑ "IoT Platform Firm Tuya Completes Hong Kong IPO". Pandaily. 2022-07-05. Retrieved 2022-07-12.
  6. ↑ "IoT Cloud Platform Tuya Smart to Debut on Hong Kong". Pandaily. 2022-06-22. Retrieved 2022-07-12.
  7. ↑ "Tuya Joins the Alliance Board of Directors". CSA-IOT. 2020-06-23. Retrieved 2022-07-12.
  8. ↑ "Tuya Now Supports Matter Smart Home Standard". CEPRO. 2022-01-12. Retrieved 2022-07-12.
  9. ↑ "Tuya Smart app instructions". thefantasyninjas. 2022-01-12. Retrieved 2022-07-12.
  10. ↑ Brands, Hal; Kitchen, Klon (2021-07-30). "Tuya may be the China threat that beats Russia's ransomware attacks". The Hill. Retrieved 2024-01-01.
  11. ↑ "Cybersecurity Experts Worried by Chinese Firm's Control of Smart Devices". Voice of America. 2021-08-21. Retrieved 2024-01-01.
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