Huoshi Chuangzao Secures ￥100M in Series A Funding

(VCBeat) Jan 7, 2021 -- Recently, Huoshi Chuangzao has completed an RMB100M Series A round of financing, led by Puhua Capital. The existing investor Wangmei Investment and other investors also participated in the latest round. 

Before, Huoshi Chuangzao closed the Pre-A round in 2017. The funds raised in this round will be used for product R&D, service improvement, and marketing.

Founded in August 2015 and headquartered in Hangzhou, Huoshi Chuangzao is a leading industrial big data and AI technology company. 

As a provider of data-driven industrial governance solutions in healthcare, Huoshi Chuangzao provides the government and industrial parks with the overall solution of data services, including the top-level design of the industry, the industrial brain system, the smart investment system, the digital innovation service platform and the professional service of industrial resources, therefore promoting the upgrade of the industrial foundation and the modernization of the industrial chain.

Jin Xia, founder and chairman of Huoshi Chuangzao, is a successful entrepreneur with a background of IT, finance and biotechnology. "In the future, Huoshi Chuangzao will reach to 100 cities, 1,000 industrial parks and 100,000 enterprises in China through its industrial brain and Internet services, realizing the closed-loop implementation of the data-driven industrial development mode, so as to deal with the structural imbalance and other problems, accelerate the modernization of the industrial chain and supply chain, and let the digitization empower the industry.”, Jin Xia said.

The industrial brain platform -- Huoshi Industrial Digital Asset Management (DAM) Platform has realized the collection of data on the industrial Internet and made the data more valuable through AI. The applications of the platform extend from biomedicine to high-end equipment, energy conservation & environmental protection, integrated circuits, new materials and other industries.

Puhua Capital is an equity investment firm that focuses on the early and middle project. The company provides the required resources and management experience for the invested enterprise, investing funds and more resources and wisdom. Puhua Capital has invested in nearly 300 excellent start-ups.