Shenzhen based IoT home appliance company Lvmi raised $100 million in a series B2 round funding led by Grand Flight Capital and followed by Cathy Fund, Joy Capital, and Yunmu Capital. The investment will be used to further develop innovative products, improve branding, and beef up the establishment of new sales channels combing online and offline.
Established in 2009. Lvmi focuses on developing smart home appliance for Xiami. It is committed to the research and promotion of innovative low energy smart home system. The companies products and services include ultra low energy wireless censor, Zigbee wireless network, edge computing, algorithm, and AI for smart home network, platform opening, and access capacity.
South Africa Today