In February 2018, Hangzhou Gubei Electronic Technology Co., Ltd. formally announced the completion of the D round of 343 million yuan of financing, becoming the largest transaction amount in the field of smart home at present.The round of financing is led by CITIC Industry Fund, Baidu, Liby Group With investment, Huaxing capital as an exclusive financial advisor.
As one of China's leading private equity firms, Citic Real Estate Fund, the lead investor in the financing, has been actively involved in the technology and internet industry and started to pay attention to investment opportunities in the field of Internet of Things (IoT) two years ago. CITIC Industry Fund is also accelerating the expansion of its investment in this area.Based on the in-depth research and insight into the field of Internet of Things, CITIC Industry carefully selects the enterprises with rapid development in the industry and finally chooses the home appliance / electrician BroadLink, an intelligent one-stop solution platform, is a partner in its strategic deployment of the Internet of Things.
Baidu is a global leader in the field of AI, the United States, "Fortune" magazine will be listed as one of the world's four major AI giants. Baidu's core strategy in the AI era is open empowerment, its auto-driving open platform Apollo and interactive dialogue AI Much attention has been paid to the development of the AI business such as system DuerOS, etc. In the future, BroadLink will collaborate with businesses such as Baidu DuerOS in the smart home industry to jointly promote the industry in the field of 'AI + IoT'.
For a new round of financing plan, BroadLink CEO Liu Zonglian said the company's strategic investment will focus on three aspects: First, the existing 'AI + IoT' layout to increase investment and enhance the inherent competitive advantage; the second is right System integrators and smart home upstream and downstream high-quality business investment and mergers and acquisitions to expand the company's business scale; third is to help BroadLink DNA interoperability partners to achieve a win-win situation, it is learned that only in the strategy of helping partners BroadLink is expected to invest 1 100 million yuan.
BroadLink DNA System is one of the most mature IoT PaaS platforms in the world and can help smart home products achieve seamless and seamless access. In 2018, BroadLink will release network solutions such as NB-IoT and Bluetooth mesh and work closely with operators.
After BroadLink was established in July 2013, it integrated technology from IoT, cloud computing, big data and artificial intelligence in just four years to complete the perfect transition from smart single product development to professional third-party IoT platform, meanwhile Also help many traditional enterprises to complete the intelligent upgrade.
Each round of financing, the company combines its own development strategy to give full consideration to carefully choose each investor. BroadLink previous investors, both innovative investment in innovation, innovative workshops, Huashan Hongye and other financial institutions, there are many Jingdong, odd Tiger 360 and other Internet giants.Jingdong by virtue of its advantages of Internet resources to speed up the BroadLink channel interoperability, China Merchants is to promote the intelligent property products throughout the house provides a direct aid.This round of financing, CITIC Industrial Fund will rely on its deep industry and Capital market experience supports the development of the company in many aspects. Combining Baidu's strong strength in the field of artificial intelligence, BroadLink jointly promotes BroadLink in the rapid deployment of 'AI + IoT' and officially launches the IPO process.
Currently, BroadLink's services cover the three major segments of ToC, To B and To Industry & Commerce. Its business turnover Doubled year by year.Data show that in 2017 BroadLink independent research and development of smart single product annual sales of 1.8 million, half of which are exported to over 100 overseas countries; the company independently developed smart module annual shipments of 15 million, the customer Covering all the mainstream home appliances / electrician brands in the market, meanwhile, CloudThink's smart real estate overall solution landed in 25 cities in China, including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou, with 18 domestic TOP50 properties such as Vanke, China Merchants and COFCO Business cooperation to cover Shenzhen, China Merchants Sea World Double Seal III, Tianjin Vanke East Phase II, Chengdu China Merchants Cube Residence, Hangzhou COFCO • Dream Xiang Xiangyun more than 100 projects nationwide volume of projects, nearly 100,000 smart home upcoming Landing
After four years of hard work, BroadLink has gradually developed into a premier smart home solutions provider and third-party IoT platform in the world.With the rapid development of artificial intelligence technology and the rapid development of the global Internet of Things, with its accurate strategic positioning, Leading Technical capabilities and open and collaborative strategies, BroadLink will build an influential IoT ecosystem.
For renewed cooperation with BroadLink, Liu Yinghang, director of the technology industry and director of Huaxing Capital, said: 'BroadLink has enjoyed rapid growth since its establishment. As the company's business landscape continues to expand, the number of customers, connected devices and data accumulated keeps growing at a high speed , Qingxin build the IOT ecosystem has begun to take shape.Huaxing witnessed BroadLink profound knowledge, with the top technology capabilities and industry resources in the rapid development of smart life field.This round of financing is another successful cooperation with BroadLink Huaxing, I believe BroadLink will achieve greater success with the help of old and new shareholders and the strong push of 'AI + IoT'.