On August 7, Yelink (渊联技术) announced the completion of CNY tens of millions of A round financing.
Founded in 2018, Yelink is the industry's leading intelligent manufacturing integration infrastructure provider. Yelink uses industrial security edge cloud to build a localized intelligent manufacturing platform, serving the transformation and upgrading of manufacturing enterprises with digitalization, automation, and intelligence. The core product "Yelink Magic Cube" (渊联工业魔方) realizes the integration of software and hardware, plug and play, fast and low cost to bring manufacturing enterprises into the digital new world.
The core technical team of Yelink is composed of a group of experts with more than 20 years of experience in smart things, cloud computing, big data, network security, and lean production. With excellent research and development strength, Yelink has successfully obtained the national high-tech enterprise identification and has also been awarded the honorary title of national special "Little Giant" (小巨人).
According to Mordor Intelligence, the global smart manufacturing market was worth USD 172.6 billion in 2020 and is expected to reach USD 236.12 billion by 2026, growing at a CAGR of 5.75% during the forecast period 2020-2026.
Up to now, Yelink has successfully covered hundreds of customers, covering ten industries such as electronic appliances, equipment manufacturing, battery assembly, food, and medicine. Its customer portraits are factories with annual output values between CNY 50 million and CNY 1 billion, among which some important large customers include Jiangxi Tungsten Holding Group Company Limited (江西钨业), Jiangxi Copper Corporation Limited (江西铜业), and Honghua Electric (宏华电气). In terms of revenue, Yelink has achieved remarkable achievements. For three consecutive years, the company's revenue has achieved 100% growth, showing a strong momentum of development.
Intelligent manufacturing has attracted a lot of companies to enter the market. China's representative companies include ROOTCLOUD (树根互联), Sany Group (三一集团), Robustel (鲁邦通), and CEC Industrial Internet (中电互联). Internationally, GE, IBM, and Cisco in the United States, MindSphere in Germany, Cyber Vision in France, and AVEVA in the United Kingdom are quite powerful.
Yelink's this round of financing was led by MERIDIAN (华映资本), and followed by Azbrook (华汯资本). Since its establishment, Yelink has completed three rounds of financing, and the cumulative amount of financing is over CNY 100 million. This round of financing funds will be mainly used for industrial intelligent machine software and hardware research and market promotion. What's more, Yelink is planning to enter the global market.