SIE Portfolio | Qiangsi Digital Technology completes tens of millions of yuan Series A financing
After experiencing the wave of automation and informatization, the process industry has ushered in a turning point of digitization. We have observed that the combination of digital twin technology and industrial mechanism models is profoundly changing various aspects of the process industry, including research and development, construction, production, and operation. The Johnson&Johnson team has a complex background and experience in process technology, equipment mechanisms, factory operations, and other aspects. I believe that SIE's industrial resources will also resonate with Qiangsi, and create value for customers together. SIE [300687], as a digital service provider for large enterprises, is a digital leader in the field of intelligent manufacturing in China. SIE Industrial Fund was founded by SIE Information, focusing on early investment in large and medium-sized enterprise software (management software and industrial software).
——Sun Yuxuan, founding partner of SIE Industrial Fund
Recently, Nanjing Qiangsi Digital Technology Co., Ltd. (hereinafter referred to as "Qiangsi Digital Technology") announced the completion of a round A financing of tens of millions of yuan, led by SIE Industrial Fund, followed by Pegasus Capital, and Yunxiu Capital as the exclusive financial adviser.
Founded in 2010, Qiangsi Digital Technology Co., Ltd. is a leading digital service provider for process industries in China. With core digital twin technology, the company is committed to providing end-to-end full lifecycle products and solutions for domestic chemical, steel, and other process industries, from design, construction, delivery, operation, and optimization. This round of financing will help Qiangsi Digital Technology accelerate its research and development process and ecological layout centered on the digital twin platform, and continue to expand the company's leading advantage and market share in the digitalization of process industries.
Image source: Qiangsi Numerical Technology
The tide of intelligent transformation and digital transformation is coming, and the combination of digital twin base and applications is driving the digital transformation of industry
The process industry has a large scale, high barriers, and complex mechanisms, which particularly test the background and genes of start-up companies. The core team of Qiangsi Numerical Technology comes from Wally, BASF GE、 Top companies in the process industry, such as Dow Chemical, Wison, and CCID, have a deep understanding of industry know how. The X-Twins digital twin platform, built by the company based on the team's rich industry experience and IT technology integration, has been applied to more than ten large customers in China, such as large and medium-sized steel enterprises like Jiangsu Yonggang Group and Zhongtian Iron and Steel Group, as well as large chemical and new energy enterprises like PetroChina and Duofuduo. It has played an important role in reducing costs and increasing efficiency, improving operational decision-making efficiency, responding quickly to market changes, and enhancing labor skills, and has received unanimous praise from customers.
Image source: Qiangsi Numerical Technology
Ding Hongxiang, founder of Qiangsi Digital Technology, said: Our country is at a major juncture of industrial upgrading and energy transformation, which is a core issue related to enhancing competitiveness and sustainable development in our country. Especially in process industries such as chemical and steel industries, there are generally a series of problems such as asset management, energy consumption, research and development capabilities, and market response capabilities. Solving the digital transformation of process industries will solve the core problem of manufacturing upgrading. The essence of digital transformation in the process industry is actually the need for a lean based digital system to 'connect' the management and production operation execution layers of the company. This system is a carrier that can solidify experience and knowledge, establish standards and processes, and constantly trial and error. Digital twin technology, as a basic feature of virtual reflection, virtual and real mutual drive, and virtual control, is particularly suitable for the upgrading needs of the manufacturing industry. Qiangxi Digital Technology uses digital twin technology as the core to create X-Twins digital twin base+application form, driving the continuous digital transformation of the process industry through continuous trial and error to achieve a spiral upward trend.
Song Xuwen, Managing Director and Head of Enterprise Services at Yunxiu Capital, said, "We continue to focus on the digital transformation of the process industry, which is a field with extremely high barriers to entry and huge potential for exploration. Qiangsi is one of the few domestic manufacturers with full stack independent and controllable capabilities, and has integrated rich mechanism models to truly implement and deepen digital twins, continuously generating value. With over ten years of accumulation, the company's platform maturity and customer service capabilities are at the forefront of the industry. We are honored to support Qiangsi to enter the accelerated development period and continue to drive China's intelligent manufacturing
