Sunmnet Technology closes Series B1 with more than RMB 100 million

2020-09-09
|
Lynn Lin

Sunmnet Technology closes Series B1 with more than RMB 100 million

Recently, Sunmnet Technology completed its Series B1 round of financing, raising more than 100 million yuan. This round of financing was jointly invested by SBI Xueda Fund, Zhaoheng Investment, Gene Capital and other individual investors. Duojing Capital served as the financial advisor for this round of financing.


The fund raised will be primarily used for the iteration and business expansion of the company’s series products that are targeted to higher education as well as general urban education.


Sunmnet Technology has been engaged in the education industry for seven years, during which it consecutively invests 20% of its annual revenue to the R&D of products - which accumulates to 240 million yuan.


It also belongs to the first batch of companies that use new generation information technologies such as big data, artificial intelligence, Internet of Things, and face recognition.


The company provides integrated smart campus solutions based on the EDU BRAIN strategy and the "1+4+N" (1 digital account + 4 core technologies + N application scenarios) mode.


Currently, it is the only company in the industry that provides integrated smart education solutions that are based on underlying technology and a platform of university big data, combined with building intelligent teaching environments, innovating teaching models, collecting and supporting university teaching and management data, evaluating and improving the quality of teaching, as well as analyzing subjects and cultivating talents.



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