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Congratulations! USR IOT wins famous Venture Capital B round financing

Congratulations! USR IOT wins famous Venture Capital B round financing

2020-07-10

2020-07-10
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Shandong USR Information Technology Co., Ltd. (hereinafter referred to as "USR IOT"), an industrial IOT software and hardware solution service provider, recently officially announced the completion of round B strategic financing. This round of financing by the domestic famous VC Dachen investment, A round of investors deep venture capital, Hongqiao venture capital continues to follow the investment.

 

It is reported that this round of financing funds will be used for technological innovation, new product research and development, marketing services and other aspects of investment.

 

In early 2018, USR IOT received round A strategic financing from Shenzhen Venture Capital and Red Bridge Venture Capital. So far, USR IOT has received two consecutive rounds of financing totalling RMB 100m.

 

It has been favored by many well-known venture capital institutions in China one after another. in addition to the policy dividend increase and the good prospects of the industry, it also reflects the high recognition and expectation of the capital circle for the development results of USR IOT for many years.

 

USR IOT positioning "reliable intelligent industrial IOT partner", since its establishment to focus on industrial networking communication products research and development, production and sales, is the industry's few, at the same time involving all kinds of networking communication terminals, modules, cloud platforms, system solutions, IOT whole industrial chain trade industrial networking software and hardware solution service provider.

 

In 2012, Gu Xin, founder of, USR IOT, founded Jinan USR IOT Technology Co., Ltd because of his good prospects for the development of the IOT. In 2016, Shandong USR Information Technology Co., Ltd. (and "USR IOT" brand main body) was established, on the basis of the existing industry technology, research and development of industrial IOT cloud services, for the industrial IOT industry to provide the overall solution of network transmission.

 

USR IOT's revenue exceeded 100 million yuan in 2017 and exceeded 200 million in 2019.

 

In 2018, USR IOT integrated three subsidiaries of Jinan USR IOT Technology Co., Ltd., Shanghai Wenheng Electronic Technology Co., Ltd., Jinan Zhize Trading Co., Ltd., focusing on the industrial IOT industry chain and becoming an ecological enterprise in the field of industrial IOT.

 

Since 2020, USR IOT has performed well in LTE-Cat1, intelligent hardware cloud services, 5G product research and development, and continues to lead the development of the industry.

 

According to Gu Xin, founder and CEO of USR IOT, the Internet is dominated by young people, as is the IOT. "USR" uses the Internet mode of thinking, coupled with the continuous accumulation of scientific and technological innovation enterprises, to provide customers with reliable, easy-to-use, reasonable price industrial IOT communication products.

 

Under the influence of the epidemic situation this year, many enterprises are facing the severe test of survival, operation and development, which urges enterprises to realize the necessity of further strengthening their own intelligent transformation and digital transformation, and sets out to use the industrial Internet for online management and remote operation and maintenance of workshop equipment and production management system.

 

Through its cloud platform, USR cloud, USR IOT helps customers realize the remote operation and maintenance of equipment, and start the digital epidemic prevention and control fight.

 

Nowadays, with the rapid development of mobile Internet, IOT, big data and artificial intelligence as the representative of the new generation of information technology, the traditional industry gradually accelerates the pace of integration with it, a new round of global scientific and technological revolution and industrial revolution is booming, the era of industrial 4.0 is coming, new mode of production, organization and business model continue to emerge, promoting the intelligent reform of the global industrial system.

 

Nowadays, with the rapid development of mobile Internet, IOT, big data and artificial intelligence as the representative of the new generation of information technology, the traditional industry gradually accelerates the pace of integration with it, a new round of global scientific and technological revolution and industrial revolution is booming, the era of industrial 4.0 is coming, new mode of production, organization and business model continue to emerge, promoting the intelligent reform of the global industrial system.

 

At present, USR IOT has more than 470employees, serving more than 100000 customers at home and abroad, covering more than 40 countries and regions around the world, with a cumulative shipment of tens of millions of pieces.

 

After obtaining An and B round of financing, USR IOT will continue to add code in product innovation, customer experience and service, adhere to the corporate culture of "USR is doing things seriously", go all out to focus on investment, and help customers in more industries to achieve intelligent upgrading of the IOT.

 

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