Yunding Technology C+ financing 110 million yuan | Lenovo Star, Xianfeng with investment

As the smart product with the highest security and reliability requirements in the home, the door lock will become an important entrance to smart homes and home security. The data shows that the penetration rate of smart locks in Europe and the United States has exceeded 50%. Japan and South Korea exceed 70. %, China's smart door lock installation rate is now less than 3%, and there is a huge market potential. With the increase in market demand, competition in this field is also becoming increasingly fierce.

According to a 36-inch report, technology company Yunding Technology, which specializes in the field of smart homes, has completed a C+ round of 110 million yuan in financing. The current round of financing is led by Blueprint Venture Capital, the Lenovo Star, and Xianfeng Peak.

Prior to this, the company had obtained several rounds of financing: In June 2014, Ding Fengfeng Huaxing, Lenovo Star Angels Round Financing; April 2015, the United States, LeTV, Lenovo Star A round of financing; May 2016 was recovered Star Group has tens of millions of rounds of B financing; at the end of 2016, it secured Harvest Investment, a 51 million B+ round of financing from Red Star Macalline; in September 2017, Baidu Ventures, Millet, and nearly 100 million yuan of C round financing.

According to public information, Yunding Technology was established in 2014. CEO Chen Bin is a Master of Electronics from Tsinghua University, former Baidu Media Cloud, and Xiaodu Smart Hardware (over 1 million units sold) founder. The core team comes from Baidu, Xiaomi and the world 500 Strong, is a group of practitioners who came into contact with smart life hardware earlier in the country.

The company's products mainly focus on home smart security. It has two brands, Loock and Yunding, targeting the home market and apartment market respectively. Among them, the Luke brand has Touch (Fingerprint Lock), Classic (Fingerprint Lock), Number ( Password lock), Monitor (door and window sensor), Bell (doorbell) and other smart home security products. Yunding brand has apartment smart locks, smart meters, smart meters and other products, and apartment intelligent management SaaS services.

The data shows that currently Yunding smart equipment installed capacity exceeds 850,000 units, and the number of cooperative brand apartments exceeds 3,000. The market share in the area of ​​smart door locks for the apartment industry exceeds 60%. The company will use a large amount of equipment data for future traffic or financial platforms. Provide third-party risk control data support and related services.