Industrial Software Company UDS Bagged CNY 250 Mn from Series A Funding Round

UDS(Chinese:联合数字集团), an industrial software company, bagged CNY 250 million(USD 34.43 million) from Series A financing round, led by Sequoia China and Fortune Capital, with participation by Shang Qi Capital and Qiancheng Zheling Capital.

Founded in 1995 and headquartered in Shanghai, UDS has served more than 2,000 customers. In the process of service, UDS has accumulated industry expertise and intelligent manufacturing best practices, so it has independently developed more than 10 proprietary industrial software and intelligent manufacturing industry solutions.

The money will be used to expand R&D investment, accelerate product development, and recruit senior talent.

Yang Peng, general manager of Fortune Capital responsible for industrial software, said that UDS has insisted on independent research and development for a long time and has developed many solutions with unique leading advantages in high-end manufacturing scenarios, which enables us to see the state of the next generation of industrial software. Especially in high-end machining, UDS has solved many core technical problems and has a prominent leading position among domestic peers.

With the gradual improvement of the copyright protection environment, the promotion of product innovation ability and the support of national policies, China's industrial software market has enormous growth potential. The 3D CAD market is predicted to reach CNY 10.49 billion(USD 1.44 million) by 2025.

UDS has comprehensive delivery capability and experience serving thousands of manufacturing lead customers. UDS advocates technology cooperation and is committed to providing China's advanced manufacturing industry with a closed-loop intelligent integrated innovation technology platform covering new product research and development, process optimization, and manufacturing.

UDS's international competitors include SIEMENS(Germany) and Synopsys(US), and domestic ones include Connor (Chinese:康勒工业软件), HollySys(Chinese:北京和利时工业软件有限公司), and Digiwin Soft(300378.SZ, Chinese:鼎捷软件).