On April 19, 2022, Laiye Technology, an intelligent automation company, announced the completion of a C++ round of financing of US$70 million, and the cumulative amount of C-round financing exceeded US$160 million. This round of financing was led by Hopu Magnolia Growth Fund, co-led by Yosun Capital and VMS Group Dingpei Group, and Zhou Jitongli, a subsidiary of Far East Horizon, participated in the investment, and the old shareholders Lightspeed China and Lightspeed America continued to participate in the investment.
The amount of this round of financing will be mainly used to comprehensively expand the global market, in-depth research and development of the world’s leading “integrated” intelligent automation platform, strengthen the construction of the global developer ecosystem and partner ecosystem, and accelerate to become a global leader in the field of intelligent automation; Driven by two-wheel drive with intelligent data application, it helps global organizations to shape new advantages for development in the new era.
In the past three years, Laiye Technology’s revenue has maintained a rapid growth of 120%. It has served more than 200 top 500 enterprises, more than 200 government departments and thousands of small and medium-sized enterprises, covering electricity, banking, insurance, telecommunications, retail, etc. Enterprise customers in the industry; and public utilities such as digital government, public medical care, and vocational education in colleges and universities, and have deeply served a group of high-quality customers, including: State Grid, China Southern Power Grid, PetroChina, China National Nuclear Corporation, Bank of China, China Construction Banks, China Mobile, China Telecom, China Unicom, Shougang Co., Ltd., Zijin Mining, Longfor Real Estate, Yili Group, China Biotechnology, Johnson & Johnson Medical, Roche Pharmaceuticals, etc.
At the same time, Laiye Technology has established an overseas team of more than 100 people, distributed in 15 countries in Southeast Asia, Europe and America. It has also acquired Mindsay, a French conversational AI startup, and established a new European R&D center in Paris. Laiye Technology will continue to increase its investment in the “civilian developer and partner ecosystem”, and replicate the successful experience of China’s 600+ partner network and 600,000+ developer community around the world, allowing more enterprises to enjoy The benefits brought by the intelligent automation platform will provide the society with more new business opportunities and new employment possibilities in the era of intelligent automation.
Wang Guanchun, Chairman and CEO of Laiye Technology, said: “We have made great strides in the international market in the past year, and have determined to take the European market as the base point of a mature market to make key breakthroughs in large enterprises. Confidence is also responsible for driving the entire Chinese software and enterprise service industry to the world. It is estimated that in 2025, more than half of Laiye Technology’s revenue will come from overseas markets.”
Gunther Hamm, Co-Director of HOPU Magnolia Growth Fund, the lead investor in this round of financing, said: “Since the establishment of Zilaiye Technology, HOPU Magnolia has closely followed its development and witnessed its growth into one of the leaders in China’s enterprise service industry. Technology has well established its own business model and has achieved rapid growth in revenue and customer base.” Jacqueline Zhang, Co-Director of HOPU Magnolia, added: “Hopu Magnolia focuses on growth-stage investments, and hopes to leverage on HOPU’s profound investment. A network of resources to accelerate the growth of China’s best emerging companies, and we will also help advance Laiye Technology’s business development in banks and large Chinese enterprises.”
Mr. Gu Rui, partner of Youshan Capital, the co-lead investor, said: “At this year’s national ‘two sessions’, the debut of Laiye Technology’s promotion of ‘digital workforce’ has attracted widespread attention, and its excellent product capabilities have been widely accepted by customers and businesses. High praise from partners. Youshan Capital is firmly optimistic that Laiye Technology, which adheres to ‘long-termism’, will open up broader possibilities for China’s intelligent automation industry, and will accompany and help Laiye Technology to achieve more on the road of serving Chinese customers. breakthrough.”
Li Yingchan, managing director of private equity and head of technology and consumer investment at VMS Group, the co-lead investor, said: “We are very excited about Laiye Technology’s achievements in China and the rapid growth of its overseas team. We look forward to Laiye Technology can represent Chinese technology companies to go abroad and lead the transformation of intelligent automation around the world.”
Li Wei, Co-CEO and President of Laiye Technology, said: “In the post-epidemic era, how to create 10,000 smart automation jobs around the world through the dual ecosystem of civilian developers and partners, and empower more than 100 million users with smart automation, Making workers more efficient and gainful is the specific task of Laiye Technology to realize its vision. We will cooperate with professional partners to provide professional services for major customers, and cooperate with the government to realize intelligent automation empowerment for small and medium-sized enterprises, and let robots help everyone. “
Although the global intelligent automation industry is in the early stage of development, it is already competing for the best, and only those who strive can seize the opportunity. Since its establishment in 2015, Laiye Technology has always adhered to the independent research and development of core technologies and technological innovation. Currently, it has more than 380 patent applications around the world. While the single-point technology has deepened and matured, it has integrated various artificial intelligence technologies to create end-to-end technologies. The “integrated” intelligent automation platform on the terminal enables global enterprises to realize intelligent automation transformation. The latest progress and technical updates of Laiye Technology’s intelligent automation platform products will be released in detail at the LAIYE LEAD product launch conference on April 26.
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