Liangfengtai completed a 120-billion-yuan B+ round of financing in May this year, and the B-round financing totaled 220 million, which is less than half a year from the C-round financing.
It was learned that at the “2019 Product Strategy Conference” held by Liangfengtai, Liangfengtai announced the completion of the 250-yuan C-round financing. This round of financing was led by the Yangtze River Delta Synergy Industry Fund. New and old shareholders such as capital and investment. This round of financing will be mainly used for product development and commercialization.
In the previous B+ round of financing reports, we mentioned that the AR platform of Liangfengtai has already Upgrade to the “cloud-end” troika’s closed-loop formation. The “ARAR Workspace”, an integrated AR product platform with closed-loop “cloud management”, was released along with the financing news.
HiAR Workspace combines the three main products of AR hardware terminal, AR communication and collaboration products HiLeia and HiAR Cloud that we have introduced before, and further standardizes and integrates the three products of “Cloud Management”.
There are three roles of “execution”, “collaboration” and “management” in the work scene. Liangfengtai hopes that HiAR Workspace can become the infrastructure and core tools in the work scene, and can assist the work of the big role of the work scene. . “This platform is like an office. It is a complete product package. Customers can get a whole AR solution through it. At the same time, the products contained in it can also be used separately. Users can also perform it twice on this platform. Development.” Liang Fengyuan CEO Liao Chunyuan said. “In addition, Bright Wind will also build HiLeia ‘Extension Workbench’, allowing users to expand on demand based on dynamic components.”
In terms of commercialization, Bright Wind Plan has been implemented in smart manufacturing, public safety and other scenarios. Strategic partners include Phoenix Electric, Haier Institute of Science and Technology, etc. In-depth scenarios in public safety, and close cooperation with Guangzhou Public Security and Yunnan Public Security. At the scene of today’s conference, Liangfengtai signed a contract with Gree Group, Zhonghaitong, China Tower and People’s Video to formally form a cooperative relationship. At present, there are nearly 1,000 industry-paid enterprises in Liangfengtai. The top ten enterprises in key industries have a coverage rate of 60% to 80%, and the renewal amount accounts for 50% of the total contract amount.
The future bright wind plan is based on the HiAR Workspace platform and is open to cooperation in more fields. Partners in the upstream, downstream and channel sectors of key target industries. The first batch of contracted partners include Haige Xinghang, Shanghai Industrial Technology Research Institute, Ruiyue Information Nibiru, Xinzhi Cognition, UCloud, Jimeng Intelligent, Chen Tianqiao, Clinical Transformation Center, Yifei, Coolcore, and 10 Electric Power Research Institutes of Southern Electric Power Research Institute.
Referring to the competition barrier, Liao Chunyuan believes that the core advantage of Liangfengtai is that on the one hand, Liangfengtai can provide an overall controllable AR landing plan, and the other is based on “AR cloud”. Bringing together the work data of various industries, “The AR cloud of Liangfengtai can not only collect the data collected by its own terminal, but also accept the data of other terminals.” Liao Chunyuan said, “With more and more projects landing on Liangmatai, the industry More and more, the barriers created by these data will be higher and higher.”
According to Digi-Capital’s forecast, the AR (mobile AR, smart glasses) installation base can exceed 2.5 billion by 2023, with revenues of $70 billion to $75 billion. The global AR industry has strong development momentum and the Chinese market is eye-catching. The newly released “IDC Global Augmentation and Virtual Reality Expenditure Guide” predicts that by 2023, China’s AR/VR market spending will reach 65.21 billion US dollars. During the forecast period (2018-2023), the 5-year compound annual growth rate (CAGR) will reach 84.6%, which is higher than the 78.3% growth rate of the global market.
Yu Lifeng, a partner of Yuanxing Capital, who has invested in Liangfengtai for three consecutive rounds, believes that 2019 is the year of large-scale commercial application of AR. The whole industry is maturing and presents the Matthew effect. A company with a clear business model and fruitful results has a strong market competitiveness. In accepting media interviews, he said that the reason why he will continue to invest in the bright wind platform is that the track where the bright wind station is located is full of opportunities. First, the development of 5G will enhance the service experience of AR and bring more benefits to AR. The vast market; the second is the implementation of the science and technology board, but also provides long-term financial support for high-tech companies such as Liangmatai; more importantly, the bright horse station has been steadily commercialized in the fields of security, industry, etc. copy.
It is reported that Liangfengtai completed the 120-billion-yuan B+ round financing in May this year, and the B-round financing totaled 220 million, which is less than half a year from the C-round financing.
Related reading: