Cloud completed the B round of RMB 500 million financing from technology

At the end of November 2017, Yunshang Technology officially completed the B round of RMB 500 million financing. In addition, the Guangzhou Municipal Government supported the 2 billion government funds of Yun Cong Technology, which totaled 2.5 billion yuan of development funds.

This round of financing was led by Shunwei Capital, Yuanhe Origin, Puhua Capital, Yuexiu Production Investment, Zhangjiang Xinghe, and Qianhai Xingwang. At the same time, Jiadu Technology, Ren Yi’s founding of Angel Capital and other rounds of angels and A-round investors continue to vote with this round. Huaxing Alpha is the exclusive financial advisor to the financing.

Yunshang Technology said that after this round of financing, it will continue to deepen key industries and promote the "cross strategy" with the National Development and Reform Commission's artificial intelligence platform as the core. In addition to continuing to expand its leading edge in key industries such as banks, airports, and security, it will continue to occupy the leading position in other market segments and incubate AI companies through national artificial intelligence platforms to provide technical empowerment and enhance the potential of people, organizations and society. .

Mr. Meng Xing, Vice President of Capital, said: "Cloud from science and technology has leading technology innovation capability and excellent product service capability, and deeply cultivates vertical industries such as finance and security, and fully exerts the value of artificial intelligence combined with specific scenarios. Entrepreneurs in the field have transformed into investors, and their experience of both identities is very profound. They have been paying attention to industry trends and trends for a long time. We are very optimistic about the broad development prospects of cloud technology.

Shun Capital has invested in a series of companies that have formed a benign ecology or a technologically disruptive force in the high-tech sector. We believe that the good layout of the entire technology ecosystem will help the cloud to build an artificial intelligence ecosystem together. "

Yuan Jin, a partner of Yuanhe Venture Capital Nanjing, said: "Face recognition is a mature and widely used representative of many biometric technologies. It has broad application prospects and market opportunities. Among the many startups in this field, we highly Recognizing the technological leadership of Yunshang Technology and its solid performance in industry application and ecological construction, we believe that Yunshang Technology can quickly grow into a leader in AI application field under the leadership of Zhou Wei and other management teams. At the same time, we also look forward to the cloud. From the technology and Yuanhe origin point portfolio, many AI companies collided with sparks!" Previously, Yuanhe origin in the AI ​​field from the basic, sensing to the application side to do a lot of layout, including the Chinese Academy of Cambrian, Jingchi Technology.

Zhong Nanhai, senior vice president of Puhua Capital, said: "We have entered an era of face recognition everywhere. In terms of the use of face recognition technology, China has already taken the lead in the world. In terms of commercial deployment, we are also far away. Leading. We choose cloud not only because the team has excellent technical indicators and R&D background in algorithm, but also because the company's strategic focus is on face recognition application, product landing ability, high business acumen and business landing. The company has led the business in the POC test of financial customers, and built the whole industry chain model according to the actual needs of customers. It has become the most popular face recognition company in the three application markets of finance, security and civil aviation. I believe the future. From the face recognition of the face, Cloud will continue to broaden the artificial intelligence industry chain."