i-KINGTEC closes Series B round, raises nearly RMB180m

Recently, i-KINGTEC announced the completion of nearly 180 million yuan in its Series B financing round.
The round was led by SIP Joinne MingYuan Venture Capital, with participation from Shenzhen Guozhong Venture Capital Management, as well as existing investors Hongtai Capital Holdings and Lanchi Ventures. Wanshi Capital served as the sole financial advisor for this round.

Recently, i-KINGTEC announced the completion of nearly 180 million yuan in its Series B financing round.

The round was led by SIP Joinne MingYuan Venture Capital, with participation from Shenzhen Guozhong Venture Capital Management, as well as existing investors Hongtai Capital Holdings and Lanchi Ventures. Wanshi Capital served as the sole financial advisor for this round.

Established in March 2017, i-KINGTEC is a developer of intelligent industrial drone and UAV systems. The company specializes in developing sustainable industrial-grade unmanned aerial vehicles (UAV) equipped with big-data analytics that can be used for 4D urban mapping, security and surveillance, oil and gas drilling, port surveillance and logistics, providing reliable, energy-efficient and powerful analytical support for various industries.

Proceeds from this round of financing will be used for large-scale mass production of its full range of products in multiple fields, further promoting the strategic layout of product grids, and using artificial intelligence as the core, combined with high-tech products such as industrial unmanned aerial systems, to serve the national construction of the “new infrastructure”, to provide system-level solutions for low-altitude airspace management of industrial scenes in the new era.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/02/i-kingtec-closes-series-b-round-raises-nearly-rmb180m/.

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