Chinese software solutions provider Zlingsmart completed its Pre-A round of financing worth nearly CNY 100 million on October 10. Investors include Oriental Fortune Capital, Everest Venture Capital and its long-term supporter CICV.
On October 10, Zlingsmart (Chengdu) Technology Co., Ltd. (Chinese: 中瓴智行科技有限公司), a Chinese software solutions provider, completed its Pre-A round of financing worth nearly CNY 100 million (USD 14 million). This is the company’s second round of funding in 2022. Investors include Oriental Fortune Capital (Chinese: 东方富海), Everest Venture Capital (Chinese: 朗玛峰创投) and its long-term supporter CICV (Chinese: 国汽投资).
Zlingsmart focuses on independently developing complete software solutions for key industrial sectors, especially IoV and AI technology applications for autonomous driving, rail transportation and industrial operations. As a controllable software supplier, Zlingsmart launched RAITE Hypervisor in 2019, which is the first embedded virtualization operating system independently developed by a Chinese company. Its other products include RAITE Linux and RAITE OS and it provides related technical services too.
The company has worked on its RAITE series operating system (OS) for four consecutive years, and through continuous improvements and upgrading, its OS products are highly reliable and secure, and they are able to respond quickly. RAITE series is now widely applied in the automotive, rail transportation, communications and petrochemical industries.