According to iyiou.com, Yunding Technology announced Series D Funding of USD 87 Million led by Baidu, Followed by Shunwei Capital, SIG, K2VC.
Dec 18, 2018 /EqualOcean/ - The intelligent lock company Yunding Technology (云丁科技) held its 2018 New Winter Products and its Strategic Conference. Yunding Technology announced that the company received the series D funding of USD 87 Million led by Baidu and followed by Shunwei Capital (顺为资本), SIG (海纳亚洲创投基金), and K2VC (险峰).
Also, Yunding Technology’s intelligent lock brand Loock (鹿客) has publicly released its flagship product Touchi2 Pro, with the selling price of USD 751.86. The first batch of 200 products will be on Jingdong Mall (京东商城) and Secoo Mall (寺库商城) on December 19, 2018.
The founder and the CEO of Yunding Technology CHEN Bin(陈彬) said, “As being a leading intelligent lock company, Yunding Technology keeps innovating on its products. And beyond, the company will transform from product thinking to industry thinking in the future. The recent funding will be used to accelerate the industrial upgrading, establish the industry standards and explore the new models.”
The Series Funding of Yunding Technology:
Yunding Technology was founded in May 2014 by three co-founders: the CEO CHEN Bin, the CTO ZHANG Dong Sheng (张东胜) and the COO GAN Tao (甘涛), whilst CHEN Bin and ZHANG Dong Sheng both had worked for Baidu Cloud in the past.
The series that Yunding Technology announced today is the seventh funding and hence makes Yunding Technology become the first enterprise in the intelligent lock industry that has finished the series D round funding.
- Author: TANG Shiyu; ZHANG Hua contributed to this article. Write to TANG Shiyu at ShiYu@EqualOcean.com