Sunac Services supplied the lion's share of the capital for the smart home device producer's series A round, which has closed at approximately $76.9m.
China-based internet-of-things (IoT) technology provider AiForward Tech completed a series A round featuring property manager Sunac Services yesterday that is sized at almost RMB500m ($76.9m), DealStreetAsia reported.
Sunac Services, a subsidiary of real estate developer Sunac China, provided approximately $61.6m for the round’s first close in September 2020, before alternative investment manager Snow Lake Capital added the rest.
AiForward produces control systems, robotics and surveillance systems for use in places such as residential and commercial buildings, nursing homes and schools,…
