Pi2Star Technology closes multi-million-yuan Series A led by Dark Horse Venture

One-stop solution provider of industrial equipment intelligent management Pi2Star Technology completed its Series A financing round totaling tens of millions of yuan. This round was led by the Dark Horse Venture, with participation from existing investor Baidu Ventures and Matrix Partners China.

One-stop solution provider of industrial equipment intelligent management Pi2Star Technology completed its Series A financing round totaling tens of millions of yuan. This round was led by the Dark Horse Venture, with participation from existing investor Baidu Ventures and Matrix Partners China.

Earlier in November 2018, the company obtained tens of millions of yuan in an angel round financing led by Baidu Ventures and joined byMatrix Partners China.

The proceeds will be used for new sales business expansion,research and development of more cost-effective products, commercial talent introduction and brand building.

Established in 2018, Pi2Star Technology is a developer of AI chips and industrial AI algorithm intended for industrial application. The company’s artificial intelligence and machine learning technologies are used to develop AI chips and AI algorithm to assist manufacturers in managing and monitoring equipment and production processes, offering efficient and low-cost technical support to its clients.

The company’s solutions support a variety of equipment, serving more than 100 well-known companiesfrom Chinaand abroad, covering industries such as petroleum, petrochemical, steel, power supply, metallurgy, automobile manufacturing and others.

At present, Pi2Star Technology has set up branches in Beijing and Chengdu, and has established strategic cooperative relations with PetroChina, Sinopec, CNOOC, Huawei, Inspur, Nvidia, Shuanglun Group, Singapore’s Winston Group, and more.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/pi2star-technology-closes-multi-million-yuan-series-a-led-by-dark-horse-venture/.

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