China Structural Reform Fund Leads $134M Series A Round In Industrial Internet Platform COSMOPlat

Chinese industrial internet platform COSMOPlat recently announced the completion of a RMB950 million(US$134 million) series A round of financing, led by China Structural Reform Fund.

Other investors include SAIF Partners, Cowin Capital, China Merchants Securities Zhiyuan Capital, TopoScend Capital and GF Venture Capital.

This round of funding is mainly used for COSMOPlat’s application capacity building, team building, channel building and new scenario expansion to enhance the capabilities of empowering and serving companies. Through this transaction, with capital as the link, all parties will conduct further resource collaboration in the industrial Internet business field, expand the IoT ecosystem, accelerate the application landing, achieve complementary advantages and synergies and win-win, and further enhance COSMOPlat’s competition force.

Established in April 2017, COSMOPlat’s main business covers industrial Internet platform operations, industrial intelligence research, intelligent control, intelligent equipment and automation. COSMOPlat is an industrial internet ecological platform built for intelligent manufacturing and next-generation information technology, which is the first to introduce users to participate in the entire process and experience. Relying on this platform, COSMOPlat provides enterprises with full-scale mass customization solutions, intelligent manufacturing solutions for connected factories and core hardware and software supply, integration of IoT systems, big data and product-level IoT, and artificial intelligence solution services to empower enterprises transform and upgrade to build a win-win ecosystem.

This time COSMOPlat raised the largest scale of series A round of financing in the industrial internet field and became a new-born unicorn.

China Expert network
 
China Expert network
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