UINO Technology constantly refreshes its platform capabilities and builds the leading digital twin development ecology in China.
UINO Technology, a leading digital twin manufacturer, successfully completed a Series C funding round of over CNY 300 million (USD 44.7 million) in June.
This round of financing was led by China Internet Investment Fund, followed by Taikang Life, Capitallink and GLP Hidden Hill Capital, with Fanzhuo Capital acting as the exclusive financial advisor.
Founded in April 2012, UINO Technology combines digital twin technology with visualization to simulate, monitor, analyze and control physical objects in the digital world. It has provided digital twin visualization solution services to more than 2,000 enterprise users.
Aohan Chen, CEO of UINO Technology, said that after this round of financing, the firm will promote the development and promotion of the one-stop digital twin platform "ThingStudio" and build an IoT resource aggregation platform.
China Internet Investment Fund said that UINO Technology, as a leading domestic digital twin company, has been widely used in key areas such as energy, finance, telecommunications and manufacturing. It hoped to take advantage of the platform and ecosystem through investment to help UINO and other outstanding digital twin companies develop rapidly.
The trend of digital transformation has arrived, the IoT and industrial digitization have accelerated the integration and evolution. Digital twin technology, which can realize the mapping and interaction between digital space and real space, is gradually being popularized on a large scale and has become a powerful contributor to digital transformation across the industry.
The company's competitors include Tapdata, Sophia Platform and The Whale Data Visualization (Chinese: 大鲲数字).