InCreate, an intelligent planning solution for public installation, has completed an angel round of financing of US$5.4 million

On May 9, inCreate, an intelligent planning solution for public installation design, announced today that it has completed a $5.4 million angel round of financing led by Linear Capital, Source Code Capital and Jiuhe Ventures.

This round of financing will be mainly used for the research and development and innovation of inPower SaaS core technologies, to accelerate the iteration and upgrade of core products, and to integrate upstream and downstream related resources with the industry chain as the core to realize the rapid integration of cutting-edge technology and traditional public equipment design. , to provide a more time-saving and efficient practice method for the public installation field, and strive to solve the long-term performance problems of public installation design, especially to help improve business efficiency.

Wang Xiao, founder of Jiuhe Venture Capital, said: “Renovation is a huge track, but the number of large-scale decoration companies is quite rare. The design requirements are high, the construction process is complex and difficult to manage, and the supply chain Sku is too much. A series of problems have limited the efficiency and scale of installation enterprises, and there is great room for digital transformation. The inPower team has been rooted in the decoration industry for many years, and has created a modern management decoration company from 0 to 1. It has a very deep understanding of pain points, and also has technical capabilities and management ideas that traditional industry practitioners rarely have. We believe that the inpower team can start from the core design automation product inCreate, and the future products will quickly cover all chains, helping Traditional installation companies solve pain points, thereby improving the efficiency of the entire industry.”

Zhang Xingchen of Source Code Capital said: “The SaaS market in the public installation industry is in the blue ocean stage of its initial development. Although many links in the delivery of products and workflows are already informatized, the degree of informatization and penetration rate in the entire industry chain have always been low. inPower With a professional and solid technical and innovative founding team, it has a clear goal and development path for the technology-enabled public installation industry. We see that inPower cuts in from the design and planning scene, reduces the conventional mechanical basic design work, and improves efficiency. We look forward to inPower becoming a core enterprise in the wave of public installation informatization, further promoting the reform and reshaping of the entire industrial chain, and creating lasting real value.”

Zheng Can, Managing Director of Linear Capital, said: “At present, domestic public installation (public building decoration) is a very fragmented market with a market capacity of 2 trillion yuan. Our team visited many public installation companies and saw the fragmentation of the market. InPower has launched the inCreate intelligent design product, which can use AI to automatically identify the type of apartment, combine the type of apartment and the roughness of the user. The design scheme can be automatically generated according to the requirements of granularity, and the room layout and 2D to 3D can be completed in real time, which greatly reduces the threshold of public installation design and improves the design efficiency hundreds of times.”

inCreate Zitu is developed and built by inPower, a SaaS platform that empowers all aspects of the decoration industry chain, and will be officially launched at the end of 2021. The product learns and utilizes the inherent laws of public installation design through artificial intelligence algorithms, as well as the continuous accumulation of public installation big data to continuously improve the effect and intelligence of the algorithm, improve the actual efficiency of design planning and demand implementation, and help public installation practitioners quickly complete the space Plan and efficiently present the design scheme, and then accurately lock the customer’s intention and improve the contracting efficiency.