Xinge Smart Video closes multimillion-yuan Series A round led by Addor Capital

Xinge Smart Video recently announced the completion of tens of millions of yuan in its Series A financing round led by Addor Capital, with participation from Nanjing Industry Development Fund.

Xinge Smart Video recently announced the completion of tens of millions of yuan in its Series A financing round led by Addor Capital, with participation fromNanjing Industry Development Fund.

The proceeds will be mainly used for product iteration and upgrade, and the construction of its national sales and service system.

Founded in January 2019 by the former core team of Huawei’s video surveillance product line, Xinge Smart Video is committed to building industry-leading intelligent video solutions. The company’s products and services allow clients to implement 5G, smart city, and other technologies, enabling improved business efficiency.

To date, Xinge Smart Video has become a strategic partner for major industry clients including Huawei, EZVIZ, Kingsoft Cloud, CETC38, iSoftStone, Wiscom System, Bitmain, among others.

Pang Ming, founder and CEO of Xinge Smart Video, revealed that the company will carry out more product innovation and technology accumulation on the “5G + intelligent video” application scenario.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/13/xinge-smart-video-closes-multimillion-yuan-series-a-round-led-by-addor-capital/.

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