IHS secures multimillion-yuan angel round

On July 16, the robot tactile technology company IHS has completed an angel round of financing, raising several million yuan.

On July 16, the robot tactile technology company Intelligent Haptronic Solutions Inc. (IHS) in Shenzhen has completed an angel round of financing, raising several million yuan.

The investor was Aplus and Initial Science Value Investment, and the post-investment valuation is 65 million yuan.

Founded in September 2017, IHS is a medical robotic technology startup. The company has technical research centers in Shenzhen and Canada.

To date, it has established partnerships with the National University of Defense Technology, the University of British Columbia, Canada, Simon Fraser University, and Virtro Entertainment in Canada.

Next, IHS will extend to education, industrial design, games and other fields. Proceeds from this round of financing will be used for clinical trials and mass production of digestive endoscopy, as well as the introduction and mass production of general haptic equipment prototypes.

In the meantime, IHS will launch a Pre-A round of financing, with a target financing amount of 12 million, diluting 10% of its shares. The funds raised will be mainly used for product mass production, and the post-investment valuation will be 120 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/20/ihs-secures-multimillion-yuan-angel-round/.

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