Xiaomi Ventures co-led the manufacturing industry’s digitalisation technology provider’s $30.9m round, participating alongside new and returning investors.
China-based industrial software provider New Core Tech has received RMB200m ($30.9m) in a series C round co-led by consumer electronics producer Xiaomi.
Shunwei Capital co-led the round, which included Northern Light Venture Capital and Cowin Capital. Xiaomi was represented by coprorate venture capital vehicle Xiaomi Ventures.
New Core Tech has built industrial artificial intelligence, big data and internet-of-things technologies to help digitalise automotive parts and equipment factories. It claims more than 1,200 companies are among its customers.
The funding will…
