Cloudpick secures a new financing round led by Cathay Capital

Cloudpick has announced the completion of a new round of financing, led by Cathay Capital, with participation from Shenzhen Parkland Group, and the existing investor GSR Ventures.

Cloudpick has announced the completion of a new round of financing, led by Cathay Capital, with participation from Shenzhen Parkland Group, and the existing investor GSR Ventures.

Established in July 2017, Cloudpick uses computer vision, machine learning and other AI technologies as its core to provide a full range of system services including non-inductive payment, smart inventory, personalized marketing, offline data operation and value mining, etc. for physical retail store operators in the world.

The company utilizes digital and intelligent solutions to help traditional retailers improve efficiency and make more scientific decisions.

At present, Cloudpick has reached cooperation with a number of large-scale retail chain enterprises, and has been applied in more than 100 digitally intelligent new-generation stores.

Previously, Cloudpick had obtained investment from many top-tier institutions such as ZhenFund, Volcanics Venture, Intel Capital and more.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/04/cloudpick-secures-a-new-financing-round-led-by-cathay-capital/.

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