Recently, Shenzhen Huanchuang Technology Co., Ltd. (hereinafter referred to as "Huanchuang Technology") announced the completion of C1 round financing of nearly 100 million yuan. This round of financing was led by Tongge Venture Capital, followed by HTC's industrial fund and Shenzhen Zhicheng Group under SASAC.
Previously, Huanchuang Technology has been favored by well-known institutions such as Dongfang Fuhai, Qianhai Master Fund and Cornerstone Capital. It is worth noting that in 2021, the company completed three rounds of series B financing, with a total amount of more than 200 million yuan.
This round of financing will be of positive significance to Huanchuang's subsequent transformation of industrial chain resources and related technological achievements in the VR/AR industry, and will be more conducive to strengthening the company's development strategic layout and industry research capabilities, and accelerating business expansion and capacity expansion. After this round of financing, Huanchuang Technology will further strengthen the company's existing business system and talent structure, continue to deepen the research and development of underlying technologies, accelerate the expansion of commercialization scenarios, continue to increase investment in VR/AR algorithm and in-depth research, new product research and development, intelligent hardware manufacturing and production, and high-tech talent introduction, and strengthen the competitive barrier through a series of measures, Help Huanchuang Technology to play a greater technical and social value in the field of visual spatial positioning.
Overview of Huanchuang Technology
Huanchuang Technology was founded in 2014. Since its establishment, it has been committed to the research and development of high-precision positioning vision sensors, aiming to provide core technology and product support for various AI applications. The company has Shenzhen Bantian Headquarters, Shenzhen Pingshan Intelligent Manufacturing Factory and Jiangsu Suzhou Technology Application Branch. The existing staff is 200+, and R&D and technical personnel account for more than 70%. The company has the technology gene, the founders are all from scientific research universities, and has many years of experience in related industries. It is understood that up to now, Huanchuang Technology has owned the core algorithms and chips with completely independent intellectual property rights (70+patent applications and 30+licenses).
In the application market, Huanchuang Technology has formed multiple product lines and perfect solutions for different industries, mainly including consumer products (laser radar, VR/AR tracking and positioning system) and professional products (movable high-precision positioning system and high-precision positioning system). The products are widely used in VR/AR, robot, industrial/medical and other fields. In the field of lidar, Huanchuang Technology has become the leading supplier in the industry. In the VR field, Huanchuang Technology's monocular vision 6DoF VR handle positioning technology is at the forefront of the world. Up to now, Huanchuang Technology has carried out long-term cooperation with well-known brands at home and abroad, such as 360, Midea, Xiaomi, Stone, Haier, Pursuit, Feike, iQiyi, COMAC, Huawei, Qualcomm, and was selected as one of the first enterprises to settle in Tencent AI Accelerator.
Investor's view
Why Huanchuang Technology is favored by capital? The leading investor of this round gave the investment reasons respectively. Dr. Liu Yaocheng, managing partner of Tongge Venture Capital, said: "Huanchuang Technology has a profound technological accumulation in the field of high-precision visual spatial positioning. On the one hand, in the field of laser radar, Huanchuang has become the leading supplier of the sweeping robot industry; on the other hand, in the field of VR/AR, Huanchuang's visual 6DOF handle tracking technology is ahead of the industry, and is expected to become the leading third-party VR/AR interactive technology supplier in the industry in the future. We are very optimistic about the company's future development prospects."
HTC's industry fund said: "We have been in contact with Huanchuang Technology for many years. The team has long accumulated space positioning technology, and the core technology has broad application space in tracking and interaction, including VR/AR. At present, we have made considerable commercial progress in the field of laser radar ranging. Our products are leading in the industry, and have entered the head of customers. We are optimistic about the company's future sustainable development."
Source: OFweek
