Tuya

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Who we partnered with

As a shareholder of Tuya, 65 Equity Partners will support the Tuya management team in the company’s next phase of growth. The Asia-Pacific region, particularly Southeast Asia, represents an enormous opportunity for Tuya as it is a fast-growing emerging market. 65 Equity Partners will work with Tuya on its international expansion strategy and a potential future additional listing on the SGX.

What attracted us to the business 

Tuya is the leading third-party Platform-as-a-Service (PaaS) company within the Business-to-business (B2B) consumer Internet of Things (IoT) sector globally. Given its established developer community, well-built product offerings and strong R&D capabilities, it is at the forefront of development and innovation in the IoT value chain, a sector with attractive long-term tailwinds.

Company Website

https://ir.tuya.com/overview/default.aspx