Chinese 3D digital app provider HeyGears raises $60m from UAE’s Group 42

3D printing, HeyGears

China’s 3D digital application startup HeyGears has secured $60 million in its Series B1 round of financing from Abu Dhabi-based technology giant Group 42, according to a company filling.  

The current round follows HeyGears’s 325 million yuan ($46 million) Series A round led by IDG in 2018. 

Set up in 2015, Guangzhou-based HeyGears provides integrating hardware, software, material science, IoT and AI for consumer electronics, dentistry, healthcare, art, and creative industries.

Per its recent release, HeyGears has partnered with HP to create a 3D printed rehab appliance for stroke patients.

As part of the fresh funding and partnership, HeyGears plans to expand its presence to UAE and beyond. 

In the statement, HeyGears co-founder and CEO Peiyan Gui said, “It [the funding] will fuel HeyGears’s research in advance hardware and cutting-edge software development, reduce the time-to-market of the products, develop more applications across a diverse range of vertical industries and improve human well-being with digital manufacturing.”

Group 42, an AI and cloud computing giant in the region, has its AI research centre, cloud computing platform, and builds solutions for clients in the government, healthcare, finance, aviation, leisure, smart cities, and oil and gas sectors. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.