Intelligent Inner Connection Technology Co., Ltd. (“IICT”) recently has announced the launch of an A-share IPO.
IICT is an artificial intelligence high-tech enterprise that focuses on the research and application of computer vision, intelligent sensing, and automation control technologies. It is the pioneer of ASER, VSA, HRS, and Intelligent Road Network (IRN) technologies, and it is the world's largest provider of urban intelligent road networks and intelligent parking technology landing solutions.
According to IICT, the company's three core brands are AIPARK, AITS, and AIPILOT. Its artificial intelligence product technology has been widely applied in 48 first and second tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, serving over 1 billion vehicles annually, and has the world's largest intelligent transportation application scenario.
According to IDC, the global artificial intelligence market size was USD 432.8 billion in 2022, and it is expected to exceed USD 500 billion by 2023. With the progress of technology, the growth of social demand, breakthroughs in technology, and the awakening of social consciousness, the growth of the artificial intelligence market is being driven.
In addition to IICT, many companies are competing in the artificial intelligence market, such as DJI (大疆), Shangtang Technology (商汤科技), Baidu (百度), Kuangsi Technology (旷视科技), and iFlytek (科大讯飞). in China, Micorsoft, Facebook and Google in the United States.
Jun Yan, the chairman of IICT, stated: “We need to actively respond to the strategy of 'transportation power', 'network power', and 'digital power', vigorously develop smart transportation, and promote intelligent road networks (IRNs). The widespread implementation and application of technology, striving to become a pioneer in the field of smart transportation, serving the construction of new urban infrastructure and high-quality economic and social development, enhancing China's competitiveness in the global smart transportation field, and providing intelligent transportation solutions for the world.”
IICT has received investments from institutions such as Xiaomi Group (小米集团), Gaorong Capital (高榕资本), NIO Capital (蔚来资本), CICC Capital (中金资本), Green Capital (绿动资本), Shenzhen Venture Capital (深创投), Zhongguancun Qihang Fund (中关村启航基金), and Zhongguancun Science City (中关村科学城).