Recently, Tellhow Software Co., Ltd. successfully completed the B round of financing of hundreds of millions of yuan. This round was led by funds under CICC Capital, followed by Guofang Capital, Shenyin Investment, Ruiyi Capital, Qianxi Capital, and old shareholder Jun United Capital also continued to follow suit.
Tellhow Software was established in 1998. The company is a national high-tech enterprise, a national-level professional, special, and new little giant enterprise, and a leading domestic solution provider for the energy Internet industry. The company’s self-developed products cover large energy groups such as State Grid, China Southern Power Grid, Three Gorges Group, National Energy, Huaneng Group, and State Power Investment Corporation. It has been widely promoted and applied in 31 provincial-level companies of the power grid and its subordinate units, and a number of related products have been successfully applied to ensure safe, efficient and intelligent operation of electricity during major national events including the Winter Olympics.
Zhang Yancang, chairman and CEO of Tellhow Software, said: “In recent years, the company has closely focused on the development opportunities of the national dual-carbon strategy and digital economy strategy, relying on our market and product foundation and advantages in the power grid industry for decades, and is vigorously developing power generation. and other energy enterprises, government parks, industrial enterprises and other customers to expand, and contribute to China’s low-carbon, clean, digital and intelligent development. This round of financing will provide financial support for the company in technological innovation, market expansion, management improvement, etc. provide solid protection.”
In recent years, Tellhow Software has attached great importance to innovation investment and the development of emerging fields, and has increased the research and development and application of new technologies such as artificial intelligence, big data, intelligent IoT, and visualization. The company has obtained more than 300 technical patents and software copyrights, 5 National and industry group standards, including Jiangxi Provincial Enterprise Technology Center, Nanchang Engineering Technology Center, international software capability maturity integration model CMMI5 level (V2.0 version), Chinese software process and capability maturity assessment SPCA L5 level, information A large number of high-level and high-standard professional system certifications such as system construction and service capability CS4 level, information technology service standard compliance certification ITSS level 2, software security development service qualification certification CCRC level 3, etc. In recent years, the company has won a number of provincial and ministerial-level scientific and technological progress first prizes/second prizes, Jiangxi Province Annual Meritorious Enterprise, Jiangxi Province Excellent New Product First Prize, Jiangxi May 4th Youth Collective Title, State Grid Science and Technology Progress Second Prize, China A large number of scientific and technological awards such as the first prize of the Electric Power Technology Innovation Award of the China Electric Power Union.
Wang Lei, managing director of CICC Capital, the lead investor in this round, said, “Tellhow Software has been deeply involved in the power grid industry for many years, and has accumulated profound experience in products and services, especially in the fields of dispatch management, equipment inspection and other fields. In the process of realizing the national dual carbon goal, digitization is a necessary means to build a new power system. In the future, the company will continue to develop and innovate, and actively expand the business on the power generation side and the power consumption side. We are willing to join hands with Tellhow software team to move forward for the enterprise Provide all-round post-investment empowerment to jointly serve the national clean energy strategy.”
Legend Capital led Tellhow Software’s A round of financing in early 2021, and continues to follow up in this round of financing. Ji Haiquan, executive director of Legend Capital, said: “Legend has long been optimistic about technology investment in industries related to the ‘dual carbon’ strategy, and will continue to pay attention to the digital and intelligent transformation of the energy and power industries. In the next few years, the country will vigorously invest in new power systems and energy The construction of the Internet has brought broad development opportunities to energy software and technology companies. As a leader in the industry, Tellhow Software has good technical reserves and industrial resources, and will make an important contribution to the development and reform of the energy industry in the future. Legend Capital adheres to the investment philosophy of “putting things first, people first”, and has long been optimistic about the management team with Chairman Zhang Yancang as the core. It has a broad vision and profound industry experience, and at the same time has the revolutionary spirit of constantly challenging itself. Under the leadership, the company will maintain integrity and innovation, continue to climb to a new level, and help the development of the digital and intelligent energy and power industry.”
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- Tellhow Software Completes Series B Financing of Hundreds of Millions of RMB 2022-10-16
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