Beijing-headquartered software-as-a-service (SaaS) provider Changjing.AI has raised ‘millions of US dollars’ in a Series A round from Sky9 Capital, per an announcement on WeChat on Thursday.
Sky9 Capital, based in Shanghai, invests in a gamut of sectors such as the internet, technology, consumption and healthcare, among others.
Changjing.AI, also known as Yijing Zhilian (Beijing) Technology Co., Ltd, had raised its angel round in July last year from a host of inevstors including Chinese AI technology and service provider 4Paradigm.
Set up in 2019, Changjing.AI develops data-driven intelligent SaaS applications that help enterprises improve operational management across business planning, data analysis, strategy initiative and after-service support. Its services are widely used by over 10 industries including real estate, retail, manufacturing, and education.
The startup’s top clients include property developers Country Garden and Longfor, global consumer brand Unilever, sportswear retailer Decathlon, and Meituan, among others.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 13-14, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|WeRide||Guangzhou||310 million||B2, B3||Yutong Group||Qiming Venture Partners, Kinzon Capital, CMC Capital, CDB Equipment Manufacturing Industrial Investment Fund, Hengjian Investment, Zhuhai Huajin Capital, Tryin Capital||Autonomous Driving|
|Cidi||Changsha||62 million||-||Xinding Capital||Funder H Fund, Yuelu Zhixin, Qingsong Capital, Yunfa Group||Autonomous Driving|
|Jaka||Shanghai||46 million||C||CITIC Private Equity Funds Management's sub-fund, CMG-SDIC Capital||FG Venture||Robotics & Drones|
|Beijing Surgerii Technology||Beijing||46 million||B||CMG-SDIC Capital||CD Capital, Shunwei Capital, Tianfeng Capital, Huiding Investment||Robotics & Drones|
|Xpeedic||Shanghai||15 million||-||Sailing Capital||SH Capital||AI and Machine Learning|
|Jiufang Keji||Wuxi||3.4 million||Pre-A||Zhengxuan Holdings||HTI, TusStar||Saas|
|BUFFX||Hangzhou||* 1.5 million||A||BA Capital||Sequoia Capital China, Plum Capital, GGV Capital||N/A|
|Applied Power Microelectronics||Changzhou||* 1.5 million||-||Addor Capital||-||N/A|
|Changjing.AI||Beijing||* 1.5 million||A||-||Sky9 Capital||Saas|
|Novlead Biotech||Nanjing||* 1.5 million||A||Northern Light Venture Capital||InnoMed Capital||N/A|
|Terraquanta||Chengdu||-||A+||-||Shunwei Capital||Big Data|
|Shenzhen Jinri Rencai Information Technology||Shenzhen||-||A, A+||Gang Wang (Didi Chuxing's Angel Investor)||Kaiying Capital, Jiaquan Li (Individual Investor), Changzhou Gaoxiong Rencai Investment, Fuhui Investment||HR tech|
∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopted the smallest number in the range, which is “10 million yuan ($1.5 million)” in the given example.