HUNDUN ENERGY Raises Hundreds of Mns of CNY from Series A Funding Round

Technology Author: Qinqie He Nov 18, 2022 05:32 PM (GMT+8)

HUNDUN ENERGY is a provider of energy digital management platforms. It recently completed a series A funding round worth hundreds of millions of CNY, led by Yonyou Capital

energy

Founded in 2018 and headquartered in Jiangsu, HUNDUN ENERGY (Chinese: 无锡混沌能源技术有限公司) is a high-tech company that provides services and products to speed up the digital transformation of energy firms. It recently completed a series A funding round worth hundreds of millions of CNY, led by Yonyou Capital, with participation by Jiangyin Guokong Finance and Wuxi Liande Investment. HUNDUN ENERGY will use the capital for R&D investment activities and expand the talent pool.

By integrating several cutting-edge technologies, such as big data analysis, AI technology and AIoT, the experts from HUNDUN successfully developed a series of products that target digital transformation for insiders of the energy industry.

The energy platform developed by HUNDUN helps companies to optimize the operation process and reduce CO₂ emissions, improving energy efficiency. The AI-based program serves multiple functions, including monitoring, analysis and adaptation of complex energy systems. Therefore, the company is freed from the repetitive and time-consuming manual processes. The ready availability of data generated by the platform could also be used to help engineers and designers to make necessary changes to boost energy efficiency. Currently, the overall R&D investment expenses account for more than 60% of HUNDUN’s total expenditure, and the company possesses more than 50 patents. It is undoubted that HUNDUN will bring more exciting and innovative products in the future. 

HUNDUN ENERGY’s competitors include Octopus Energy, DeepMind, Stem, SparkCognition, Siemens, Nest Labs, ClimaCell, Tibber, AutoGrid, Beyond Limits and Hank.