Shanghai Based Industrial IoT Service Provider Yuzhen Raised Tens of Millions of Yuan in a Series Pre-A Round Funding Led by Source Code Capital

Shanghai based industrial IoT service provider Yuzhen raised tens of millions of yuan in a series Pre-A round funding led by Source Code Capital and followed by In Capital. Lieyun Capital was the exclusive financial adviser of this investment which will mainly be used to accelerate product R&D and upgrade R&D team.

Established in 2016, Yuzhen focuses on R&D and application of industrial IoT products. It uses cutting edged technologies such as big data, cloud computing, edge computing, RFID to provide clients in the manufacturing sector with basic services including wireless connection of devices, data collection and analysis, remote control, manufacturing services and value-added services including industry information and resource integration.