The money will be used for R&D and market expansion
Dataojo (Chinese: 相数科技), a data intelligence company focusing on big data and digital twin technology, raised tens of millions of CNY (USD 1.47 million to 14.7 million) from Dataway (301169) (Chinese: 零点有数) in its strategic financing round today.
The proceeds will be mainly used to improve the company’s core technology and product R&D, expand the market, and accelerate the layout and development of smart cities and other related fields.
Founded in 2017, Dataojo has been committed to developing and applying big data and digital twin technology, providing technical support and solutions for the digital transformation of governments and companies.
Since its establishment, the firm has participated in smart city projects in dozens of cities and nearly 100 enterprise digitalization projects.
Specifically, Dataojo has offered tech solutions to monitor, analyze, and control the Covid-19 epidemic and has been one of the technology and service providers for the Beijing Winter Olympics.
The Beijing-based company has also collaborated with top companies, including Tencent, JD.com, Huawei, and Wanda, to build smart cities and intelligent enterprises.