Chinese industrial internet company AllSense announced that it has raised tens of millionos yuan in a series A round of financing led by Hillhouse Capital Group, with participation from Linear Capital and Future Capital.
Founded in 2016, AllSense provides industrial Internet solutions for thermoelectric energy production. Focusing on the intelligent process of thermoelectric production process, the company uses online data analysis and artificial intelligence to achieve on-line process optimization, and create the value of quality improvement, energy saving and consumption reduction for thermal power enterprises in the mode of SaaS service.
“AllSense is deeply rooted in the thermoelectric industry to help customers significantly improve efficiency and reduce costs. So far, it is the only company in China that actually uses the data intelligence technology to provide Turn-key Solution to the thermoelectric industry. It has accumulated a number of industry-leading customers and has developed into an industry leader in this direction,” said Huang Songyan, executive director of Linear Capital.
Proceeds of this round will be used for marketing, business team expansion, and product iteration upgrade.
The company previously raised tens of millions of yuan in a series pre-A round from Linear Capital in August 2018.
(This article is translated from Linear Capital. You can see the original article in Chinese here.)