“Gongye Technology” completed a 100 million yuan Series A financing, led by Dachen Caizhi

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Text | Wei Wen

Editor|Peng Xiaoqiu

36氪 was informed that the intelligent sorting equipment provider “Gongye Technology” (Guangdong Gongye Technology Co., Ltd.) announced the completion of a 100 million yuan Series A financing. This round of financing was led by Dachen Caizhi, and the old shareholder Matrix Partners continued to increase its investment. Previously, Gongye Technology had received the PreA round of investment from Matrix Partners and the angel round of Huachuang Capital. It is reported that the financing funds will be mainly used for the construction of a new factory for the R&D and production of intelligent equipment of Gongye Technology (Dongguan). In addition, the factory has been put into operation in 2021. The two factories of Gongye together cover an area of ​​about 15 acres, with an annual output of about 1,000 sets of intelligent sorting equipment.

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Bow Leaf Technology Intelligent Sorting Equipment

my country’s renewable resource recycling industry is developing rapidly, but there are still pain points such as low level of refined sorting, non-standard industry management, scattered waste recycling in small factories, lack of standardized operations, serious aging of employees, and difficulty in recruiting, managing and retaining. Gongye Technology’s intelligent sorting equipment can be applied to recycled plastics, recyclable waste, mixed household waste, construction and decoration waste and other fields.

Mo Zhuoya, founder of Gongye Technology, said that the global renewable resource recycling industry is facing the greatest opportunity and change: on the one hand, policy dividends are intensively tilted toward the industry; on the other hand, the state has put forward requirements for standardization, greening and standardization , and successively introduced a standard system suitable for the future industrial development of the renewable resource recycling industry; at the same time, the industry’s pain points also forced practitioners, especially leading enterprises, to seriously think about the future development model and the direction of industry change.

Conventional machine vision cannot achieve accurate sorting of waste. Bowleaf Technology integrates AI and optoelectronics, and combines AI algorithms with 2D/3D cameras to eliminate stacking, adhesion, density, damage, deformation, and even discarding of custom features. and through a series of optical technologies such as spectral sensing, laser sensing, X-ray, fluorescence sensing, high-speed spectroscopic system, etc., to quickly, accurately and efficiently identify the material, fiber, internal defects and flaws of the object.

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AI and optoelectronic fusion technology

Bowleaf has independently developed core technologies such as hyperspectral sensors, Bowhead cloud brain, deep learning software platform, product life cycle management software, structured solid waste database, and high-speed valve targeting. In some special application fields, such as sorting of plastic bags and plastic films, Bowleaf Technology combines fluid mechanics on the basis of opto-mechatronics to achieve multi-disciplinary integration. Mo Zhuoya believes that ‘AI + photoelectric coupling technology’ will become the core of intelligent sorting equipment in the future. The bottom competition is how to build a more flexible big data analysis platform, develop a core photoelectric sensor with first-class cost performance, and integrate AI and photoelectricity. The powerful performance advantages of coupling are maximized.

The underlying technology must eventually return to the essence of business, that is, how to create more value for customers. In terms of market, Gongye Technology’s intelligent sorting equipment has been sold all over the country and overseas regions such as Japan and Russia. It is reported that Gongye Technology has delivered hundreds of intelligent sorting equipment.

investment point of view

Wang Zanzhang, business partner of Dachen Caizhi, said, “Scientific and technological innovation is an important driving engine to promote a new round of technological and industrial revolution, and it is the way to break the situation in dealing with internal and external medium and long-term challenges. Gongye Technology has brought together a group of high-end talents to play the role of It has fulfilled the important task of building a powerful country in science and technology, and has deeply cultivated the renewable resources industry. While reducing dimensionality, it has a burning sense of social responsibility and feelings; it has accelerated its overseas layout and demonstrated to the world the hard power of Made in China in the new era with a strong product matrix. .Dachen Caizhi has been paying attention to the field of intelligent manufacturing for a long time, and is highly optimistic about the intelligent trend in China’s economic development system. It liberates low-value-added labor through equipment and realizes the simultaneous upgrade of industries and talents. We believe that the Gongye Technology team will continue to rely on its excellent The continuous research and development capabilities and deep understanding of the industry and customers will empower more traditional scenarios and open up new prospects.”

Zuo Lingye, a partner of Jingwei Ventures, said, “With the advancement of the grand strategy of ‘carbon neutrality’ and circular economy, the demand for refined, efficient and green renewable resource sorting is becoming more and more intense. It has demonstrated excellent customer demand, continuous product innovation and stable delivery capabilities. While the domestic business is rapidly expanding, it also opens the way for products to go overseas, and gradually establishes the company’s product leadership on a global scale. Jingwei’s long-term systematic Focusing on the field of circular economy and carbon neutrality, we believe that Bowleaf Technology’s continuous iterative advanced technology reserves and industry understanding can bring a new round of innovation to the renewable resources industry.”

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