China’s IoT Solution Provider ZiFi Sense Raised ￥80 Million in a Series B1 Round Funding

China’s IoT solution provider ZiFi Sense raised ￥80 million in a series B1 round funding led by Huihe Capital and VINNO Capital and followed by Yunyu Capital. Chao Capital was the exclusive financial adviser of this investment which will be used on R&D and business department expansion, technology R&D, and strategic investment in overseas and domestic tech companies within its ecosystem.

Established in 2013, ZiFi Sense provides industry application solutions to construction IoT, industry IoT, Flexible Label WAN IoT based on low power WAN Communication Network, AIoT LPWAN smart front end, and ZETag WAN technology.