Sinontt Technology Co., Ltd. (“Sinontt”) recently has announced the completion of nearly one hundred million CNY in Series A funding.
Sinontt is a leading digital solution provider in China, focusing on promoting the application of digital technology innovation services. Provide professional information technology solutions and services to our customers through independent research and development of emerging technologies such as artificial intelligence, big data, and digital twins.
According to Sinontt, artificial intelligence and digital twins are the main development directions of the company. Among them, the core product in the field of AI, "AlphaMind AI Capability Open Platform," is an AI PaaS platform that covers AI application development, operation, and management, providing a series of digital solutions for enterprises. The direction of intelligent manufacturing is based on the "MetaTwins digital twin and industrial big data platform" as the technical core, it can be widely applied in fields such as intelligent manufacturing, smart vehicle connectivity, and smart parks etc.
According to Market Mentor, the global digital transformation consulting service market was worth CNY 346.4 illion in 2022 and is expected to reach CNY 727.4 billion by 2028. Enterprises have driven the growth in order to improve efficiency, develop new markets, and meet carbon neutrality.
In addition to Sinontt, many companies are competing in the digital transformation service market, such as ITC (朗高投资咨询), Convertlab (营销实验室), 4Paradigm (第四范式), AInnovation (创新奇智), Changyang Tech (长扬科技) in China, ScienceSoft, ClearSummit and Cognizant in the United States.
Huan Wang, president of Sinontt, stated: "As an innovative enterprise dedicated to the field of digital transformation, Sinontt will seek complementary advantages and ecological co-construction between the enterprise and investment institutions. The funds will be used to strengthen technological research and product innovation, continuously enhance the competitiveness of the enterprise, help the development and improvement of the digital economy in Guangzhou and even the whole country, and create more value for the company, shareholders, and investors.”
This round of financing for Sinontt was exclusively invested by Guangzhou Industrial Investment Fund (广州产投), with follow-on investments from Tianhe Investment Fund (天河基金) and CDCIC (建智集团). This round of financing funds will mainly be used for launching new round of development plans, strengthening technological research and development, and enhancing competitiveness.