Luoan Technology closes Series B round, raises tens of millions yuan

Luoan Technology recently announced the completion of a Series B round, raising tens of millions of yuan. This round of financing was led by Amber Capital, with participation from existing investors Cowin Capital and Jiasheng Investment (with Sany Group as cornerstone investor and guided and supported by Wuxi Municipal Government).

Luoan Technology recently announced the completion of a Series B round, raising tens of millions of yuan. This round of financing was led by Amber Capital, with participation from existing investors Cowin Capital and Jiasheng Investment (with Sany Group as cornerstone investor and guided and supported by Wuxi Municipal Government).

Earlier, Luoan Technology had obtained Series A round of financing by Cowin Capital and others in 2019.

With the completion of this financing round, Luoan will increase investment in research and development of industrial control security products, and development ofcompetitive products of industrial Internet security.

Developer of industrial safety products intended to enhance the safety and security of companies. The company’s products provide features such as security management and planning, risk assessment, penetration testing, emergency response, safety training, compliance testing and are intended for companies in the power, petroleum, petrochemical, metallurgy, chemical industries enabling businesses to ensure the safety of their workers and products.

At present, Luoan Technology has covered more than 200 key clients. Typical clients include State Grid, China Southern Power Grid, China National Petroleum Corporation, China National Offshore Oil Corporation, China Petrochemical Corporation, China National Chemical Corporation, China XD Electric, Sany Heavy Industry, China Tobacco, among others.

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/luoan-technology-closes-series-b-round-raises-tens-of-millions-yuan/.

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