AllSense Technology receives exclusive investment fromCathay Capital

Cathay Capital announced the completion of its exclusive investment of tens of millions of yuan in the Series A+ round of industrial IoT solution provider AllSense Technology. The proceeds will be mainly used for the company’s marketing promotion and product upgrade.

Cathay Capital announced the completion of its exclusive investment of tens of millions of yuan in the Series A+ round of industrial IoT solution provider AllSense Technology. The proceeds will be mainly used for the company’s marketing promotion and product upgrade.

Founded in 2016, AllSense provides industrial Internet solutions for thermoelectric energy production. Focusing on the intelligent process of thermoelectric production process, the company uses online data analysis and artificial intelligence to achieve on-line process optimization, and create the value of quality improvement, energy saving and consumption reduction for thermal power enterprises in the mode of SaaS service.

AllSense Technology has completed product coverage of most thermoelectric processes in 2019. The company has established benchmarking projects in Shaanxi, Jiangsu, Shanxi and other provinces and cities, and many projects are in the process of implementation.

Dr. Xia Jiantao, founder of AllSense Technology, said: “In the future, AllSense Technology will provide intelligent services for more high-energy demand industrial production processes, reduce energy consumption and improve quality.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/allsense-technology-receives-exclusive-investment-fromcathay-capital/.

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