Jiangxing Intelligence is an edge computing company targeting the power industry. It completed a series pre-B funding round worth hundreds of millions of CNY in August 2022, led by Everest VC.
Founded in 2018 and headquartered in Jiangsu, Jiangxing Intelligence (Chinese: 江行智能) is a high-tech enterprise providing large-scale systems and devices with monitor or inspection functions for companies in the electric power industry. It completed a series Pre-B funding round worth hundreds of millions of CNY in August 2022, led by Everest VC, with participation by Lenovo Capital, Z&Y capital and VLC investment. Jiangxing will use the capital for R&D investment activities, technical innovation and expanding its current business scale.
Jiangxing has developed the "IDEA edge computing platform," an industrial-grade intelligence system, helping clients with AI technologies and accelerating their digital transformation. Additionally, Jiangxing offers various customized services based on customers' needs, such as transmission line inspection, developing centralized control platform for the new energy field, and virtual power plant scheduling.
Currently, the devices and services of Jiangxing have been adopted in many scenarios, such as power grid, power generation, energy storage, buildings, industrial parks, petroleum station, coal mining and rail transportation. Customers include State Grid, China Southern Power Grid and China Energy Group.
Pang Haitian, the CEO of Jiangxing, said that Jiangxing's competitive advantages lie in the effectiveness of algorithmic solutions, superior control capability of devices and more robust technologies.
Jiangxing's competitors include 1000 Realities, Aarna Networks, ADVA, aicas, Alef, Amdocs, American Tower, Arctos Labs, AtlasEdge and Avesha.