New fire prevention and new power solution provider Tpson closes near-RMB100m Series B round

New fire prevention and new power solution provider Tpson announced the completion of nearly 100 million yuan in a Series B financing round led by Phoenix Tree Capital Partners and Skytrace Capital, with participation from Topping Capital, Glory Capital and Tianji Investment, etc. Proceeds from this round of financing will mainly be used for the commercialization of current fingerprint technology.

New fire prevention and new power solution provider Tpson announced the completion of nearly 100 million yuan in a Series B financing round led by Phoenix Tree Capital Partners and Skytrace Capital, with participation from Topping Capital, Glory Capital and Tianji Investment, etc. Proceeds from this round of financing will mainly be used for the commercialization of current fingerprint technology.

Tpson was established in June 2015. The company’s core product is a set of intelligent fire warning edge computing terminals that integrate the current fingerprint AI (Elec AI) algorithm into the hardware.

By deploying the product in the main line of the buildings, it can diagnose and warn the access and operation status of electric lines and electrical appliances, upload data to the cloud, and display and analyze on the Saas platform.

In terms of core technology, the company can complete the pre-diagnosis and early warning of more than 90% of line faults and equipment faults through the overall analysis of the underlying characteristics and algorithms of current in the achievable range of fire warning, reducing the fire disaster rate by 47.2%.

To date, the products have been implemented in smart fire prevention scenarios such as smart cities, smart communities, and universities. With a total of about 1,000 clients, the company charges them for terminal fees and annual service fees for each piece of hardware.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/14/new-fire-prevention-and-new-power-solution-provider-tpson-closes-near-rmb100m-series-b-round/.

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