Just invested another 100 million
Editor’s note: This article comes from the WeChat public account “British Investors”(ID: buylondon), the author of the British investor.
Tencent, which is optimistic about British technology, has taken another shot and just won the fourth single this year.
British Investors (October 12, 2019) were informed that the consortium led by China Tencent has completed the A round of investment in British artificial intelligence company SenSat. The total investment is 10 million US dollars (about 7.89 million pounds, 70.65 million yuan).
After the completion of this round of investment, SenSat’s valuation will rise to $15 million.
In addition to Tencent, the Russian venture capital company Sistema Venture Capital is involved in this round of investment.
SenSat was founded in 2015 and is headquartered in London, UK.
As a start-up company focused on artificial intelligence, SenSat is committed to helping companies in the construction, mining, energy and other industries to assist companies in creating “digital hygiene” where they are located when developing projects.
By connecting to SenSat’s Mapp platform, customers can convert real-world data into high-precision, digital 3D models in machine-readable form, and provide real-time feedback through sensing devices.Real-world conditions, online reading and analyzing real-time data to help customers solve real-world problems.
At present, SenSat’s technology is mainly used in the field of infrastructure construction. Infrastructure companies can make project decisions based on richer, more diverse data and information, improving project efficiency and engineering safety.
Moreover, the increased level of digital automation also means reduced demand for manpower exploration, which also helps reduce carbon emissions and waste of resources, helping to achieve better cost control.
SenSat currently serves over 30 international infrastructure companies through the Mapp platform.
For example, in the UK National Grid project, SenSat digitally modeled a 52-kilometer underground transmission line at the Triton Knoll offshore wind farm, reducing on-site construction time by 200% while significantly reducing manual exploration. Possible impact on the local wild environment.
For Tencent’s investment, SenSat co-founder and CEO James Dean said:
“We and Tencent have similar visions for technology to influence traditional industries and support the world in a sustainable manner.”
“We will use the investment we receive for the company’s expansion. We aim to expand the company’s London team of 30 experts by more than three times next year, further expanding the company’s size and international influence.
SenSat founder James Dean
For investment in SenSat, Tencent’s chief European representative, Ge Ling, who will join the SenSat board of directorsThe doctor also said:
“We are very happy to invest in SenSat, and SenSat’s development goals are highly consistent with Tencent.”
“We believe that SenSat can bring large-scale technology automation technology to traditional industries that have not yet joined the technological revolution.”
Ten’s single in a year, Tencent’s strong layout in the UK
According to the recent acquisition of Sensat’s equity, Tencent has invested in four star technology companies in the UK this year. Here are three more:
Artificial Intelligence Company Prowler.io
May 25, 2019, British artificial intelligence company Prowler.io announced that it has received it from Tencent companies invest The company’s latest valuation reached 100 million US dollars.
The consortium led by China Tencent and Pearson UK invested $strong$24 million in Prowler.io and acquired a portion of the equity.
Prowler.io was founded in 2016 and is headquartered in Cambridge, England. Currently there are 110 employees and their laborIntelligence is primarily used in the business world to help companies optimize decisions.
Prowler.io’s artificial intelligence decision-making platform VUKU has been used by many Nordic asset management companies for risk modeling and portfolio optimization, and is also used by Spanish logistics company Paack to optimize driver lines.
Fintech company TrueLayer
June 4, 2019, British financial technology company TrueLayer announced that it has received Tencent lead investor $ 40 million ( About 31.7 million pounds, 280 million yuan, Singapore’s sovereign fund Temasek also participated in this round of investment.
Truelayer was founded in 2016 and was founded in London two years ago by Francesco Simoneschi and Luca Martinetti.
TrueLayer is a bank service provider application programming interface, known as API development platform.
TrueLayer use of financial technologies, to provide forensic accounting for banks, KYC processes, transaction data access account aggregation, credit ratings, and risk assessment serviceBusiness.
Also provide other banking services in addition to data, including real-time payment functions (application interface to send wire transfers), as well as PSD2 and open banking-enabled financial transaction services.
There is a technology media expecting TrueLayer to break the battle between Visa and MasterCard.
Block Chain Company Everledger
September 27, 2019, A consortium led by China Tencent completed the A round of investment in British blockchain company Everledger The total investment is 20 million US dollars (about 16.2 million pounds, 140 million yuan).
Everledger was founded in 2015 and is headquartered in London, UK. The company’s main product is a blockchain platform that traces the origin of diamonds.
After just four years of development, Everledger has grown into a global blockchain company in the diamond industry.
Everledger is the first to pass the “digital fingerprint” certification on the blockchain platform, solving the information chain problem of diamonds and jewelry in the international market.
At the same time, Everledger has built a huge global diamond database.
Everledger’s Global Diamond Data Network
In the future, Tencent will cooperate with Everledger to launch the world’s first WeChat applet to support blockchain diamonds, and open up the diamond value chain, allowing WeChat users to purchase more transparent and safe jewelry directly through small programs.
It can be seen that Tencent’s four transactions this year accurately placed the three most powerful sectors in the UK: artificial intelligence, financial technology, and blockchain.
Before this, Tencent has not forgotten its old business and invested in a number of game companies in the UK:
Mobile Ape Games
May 25, 2017 Tencent acquired a 62% stake in British mobile game company Space Ape Games through its subsidiary Supercell for $55.8 million. Space Ape Games accepted Tencent’s capital injection this time. The post-evaluation will be as high as $90 million.
Frontier, a game company
July 28, 2017 Tencent announced a £17.7 million (approximately 156.3 million yuan) pair of British game developer Frontier Developments made a strategic investment and became the second largest shareholder after Frontier CEO David Braben.
Frontier was founded in 1994 as a game developer in Cambridge. It was listed on the London Stock Exchange Alternative Investment Market (AIM) in 2013 and is currently the only listed game company in the UK market.
Milky Tea Game Studio
August 3, 2017 Tencent once again invested in the UK game studio Milky Tea, which is based in Liverpool, England, and has a number of mobile games and PS4 console games.
British investors are written in the back
Under the Sino-US conflict, it is increasingly difficult for Chinese companies to acquire technology companies in the United States.
Therefore, a number of Chinese technology giants, including Tencent, turned their attention to the UK, focusing on the three strong technology sectors in the UK (blockchain, artificial intelligence, financial technology) and the continuous acquisition of British technology star companies.
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