On April 19, 2022, intelligent automation company Laiye Technology announced the completion of a C++ round of $70 million in financing, with a cumulative C round of financing of more than $160 million. This round of financing is led by Hopu Magnolia Growth Fund, jointly led by Youshan Capital and VMS Group Dingpei Group, with the participation of Zhou Ji Tongli, a subsidiary of Far East Horizon, and continued to invest with the old shareholders Lightspeed China and Lightspeed Usa.
The amount of this round of financing will be mainly used to comprehensively expand the global market, deeply develop the world's leading "integrated" intelligent automation platform, strengthen the construction of the global developer ecosystem and partner ecology, accelerate the development of the global intelligent automation field, and help global organizations shape new advantages in the new era with the two-wheel drive of digital workforce and intelligent data applications.
In the past three years, Laiye Technology's revenue has continued to maintain a rapid growth rate of 120%, and has served more than 200 Top 500 enterprises, more than 200 government departments and thousands of small and medium-sized enterprises, covering enterprise customers in multiple industries such as power, banking, insurance, communications, retail, etc.; as well as digital government, public health, university vocational education and other public utilities, deeply served a number of high-quality customers, including: State Grid, China Southern Power Grid, PetroChina, CNNC, Bank of China, China Construction Bank, China Mobile, China Telecom, China Unicom, Shougang Shares, Zijin Mining, Longhu Real Estate, Yili Group, China Biologics, Johnson & Johnson Medical, Roche Pharmaceutical, etc.
At the same time, Laiye Technology has now set up an overseas team of more than 100 people in 15 countries in Southeast Asia, Europe and the Americas, and acquired the French dialogue AI startup Mindsay to establish a new European R&D center in Paris. Laiye Technology will also continue to increase the investment in the "civilian developer and partner dual ecosystem", and replicate the successful experience of China's 600+ partner network and 600,000+ developer communities around the world, so that more enterprises can enjoy the benefits brought by the intelligent automation platform and provide more new business opportunities and new employment possibilities in the era of intelligent automation for the society.
Wang Guanchun, Chairman and CEO of Laiye Technology, said: "In the past year, we have made great strides towards the international market and blossomed in many places, and determined to use the European market as the base point of mature markets to make key breakthroughs for large enterprises. Laiye Technology has the confidence and responsibility to promote the entire Chinese software and enterprise service industry to the world. It is expected that in 2025, more than half of Laiye Technology's revenue will come from overseas markets. ”
Gunther Hamm, Co-Head of Hopu Magnolia Growth Fund, the lead investor in this round of financing, said: "Since the beginning of the establishment of Magnolia Technology, Hopu Magnolia has closely followed its development and witnessed its growth as one of the leaders in China's enterprise service industry. Laiye Technology has established its own business model well and achieved rapid growth in revenue and customer base. Jacqueline Zhang, Co-Head of Hopu Magnolia, added: "Hopu Magnolia is focused on growth-stage investments and hopes to accelerate the growth of China's best emerging companies with the help of Hopu's deep resource network, and we will also help promote the business development of Hopu Technology in banks and large Chinese enterprises." ”
Mr. Gu Rui, partner of Youshan Capital, the joint lead investor, said: "At this year's national 'two sessions', the debut of Laiye Technology's promotion of 'digital workforce' has aroused widespread concern, and its excellent product capabilities have been widely praised by customers and business partners. Ascend Capital is firmly optimistic that Laiye Technology, which upholds the 'long-term doctrine', will expand a broader possibility for China's intelligent automation industry, and will accompany Laiye Technology to achieve more breakthroughs on the road of serving Chinese customers. ”
Li Yingchan, Managing Director of the Private Equity Department and Head of Investment in Technology and Consumer Industry of VMS Group, co-lead investor VMS Group, said: "We are very excited about the achievements that Laiye Technology has achieved in China and the rapid growth of its overseas team, and we look forward to Laiye Technology being able to represent Chinese technology companies to go abroad and lead the intelligent automation transformation around the world." ”
Li Wei, co-CEO and president of Laiye Technology, said: "In the post-epidemic era, how to create 10,000 intelligent automation jobs around the world through the dual ecosystem of civilian developers and partners, empower more than 100 million users to achieve intelligent automation, and make workers more efficient and gainful is the specific task of Laiye Technology to achieve its vision. We will work with professional partners to provide professional services for large customers, and cooperate with the government to achieve intelligent automation empowerment for small and medium-sized enterprises, so that robots can help everyone. ”
Although the global intelligent automation industry is in the early stage of development, it is already a hundred boats competing for the current, and only the strivers can seize the opportunity. Since its inception in 2015, Laiye Technology has always adhered to the core technology independent research and development and technological innovation, has now had more than 380 patent applications around the world, while deepening the maturity of single-point technology, integrating a variety of artificial intelligence technologies to create an end-to-end "integrated" intelligent automation platform, empowering global enterprises to achieve intelligent automation transformation. The latest progress and technical updates of Laiye Technology Intelligent Automation Platform products will be released in detail at the LAIYE LEAD product launch conference on April 26.
Leifeng Network