China Life has boosted the industrial internet-of-things specialist in its quest to deliver the advantages of industry 4.0.

China-based industrial internet-of-things (IoT) platform Cosmoplat has raked in $155m in a series B led by insurance provider China Life, according to DealStreetAsia.

China Life led the round through the China Life Science and Technology Innovation Fund, a vehicle backed by the corporate’s alternative investment arm China Life Capital Investment.

Shanghai Guohe Capital, Guosheng Capital, Shandong New Growth Drivers Fund Management, Qingyue Fund, Cowin Capital, TopoScend Capital and Hongtai Aplus also took part.

Majority-owned by consumer appliance conglomerate Haier’s smart…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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